i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so don't go away. ♪ >>> this is "newsline biz." i'm ramin mellegard. now, policy makers of the bank of japan have wrapped up their two-day meeting. they say they're leaving the central bank's easing program unchanged. the bank will keep a short-term bench mark interest rate in negative territory, and it will continue asset purchases to keep long-term rates around 0%. now, the boj also said it's maintaining an allowance ban around plus or minus half a percentage point as well as a hard cap of 1% in july. in the previous meeting the boj governor met the first policy tweak since he took the helm in april. after friday's meeting ueda was asked when the boj might consider a broader revision to its policy. >> translator: at present it is not yet possible to perceive a sustainable achievement of the price stability target. therefore, it is necessary to continue monetary easing. if we can get to the point when we can achieve the target, i

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so stay right there. >>> this is "newsline biz." i'm ramin mellegard. now, the latest video games and related products are on display at the tokyo game show. but this year's event features offerings from some nontraditional companies looking to get into the e-sports game. the show's being held at the convention center near tokyo. the event is taking up the entire venue for the first time since the start of the pandemic. a record 787 companies and organizations are participating. some unexpected exhibitors are showing off their wares as they try to cash in on the booming e-sports industry. furniture maker nitori is displaying a bedroom for gamers. it features a specialty chair and desk as well as a matching bed. >> translator: furniture makers and other companies who traditionally have nothing to do with gaming are showing off their products. this is a sipe sign the industry is growing. >> the tokyo game show will be open to the pu

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so don't go away. ♪ >>> this is "newsline biz." i'm ramin mellegard. china's latest trade numbers are out, and they show a drop in both imports and exports, but it wasn't all doom and gloom as the decreases beat most forecasts. the figures released thursday show exports down 8.8% last month in dollar term from a year ago. that's a far smaller drop than we saw in july, but it's the fourth consecutive month of decrease. imports are down 7.3%. the country's economic rebound has been losing steam recently, hampered by a slump in the property margin. >>> now, japan's toyota motors unveiled the first ever suv version of its most luxurious model, the century. in recent years rival auto makers have added suvs to their high end line-up such as the mer mercedes mabach. it is intended for japanese imperial members and corporate executives. it's had several updates since its 1960s debut but has always been a sedan until now. the new model has

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so stay right there. ♪ >>> this is "newsline biz." i'm ramin mellegard. sompo japan president will step down to take responsibility for the insurance giant's links with a used car dealership that's been accused of fraud. >> translator: i deeply regret that our company has significantly undermined trust in its non-life insurance business from customers and society. >> big motor was a sompo client that allegedly inflated customers bills by cars brought in for repair and later cut ties after the scandal emerged. the financial services agency has been investigating how he responded to the big motor scandal. the executive has said he sought to resume a partnership with big motor after learning about the possible fraud. >>> and japan's leading precision equipment maker, canon, has appointed its first female board member. it has been under pressure to do so from its shareholders. the company on thursday nominated ito akiko to its board.