i'm ramin mellegard.apanese auto maker isuzu motors says it's withdrawn from production in russia. it news comes as the war in ukraine drags on and follows similar moves from japan's other major car makers. isuzu said on wednesday it transferred its russian business to a local auto firm. the japanese company's plant produced 3,700 trucks in 2021 but executives suspended its operations in march last year following moscow's invasion of ukraine. toyota, nissan, and mazda have already said they are exiting russia. and mites beegsy motors have stopped production in the country. sources say mitsubishi is in talks with its local partner over the pullout. and a japanese government survey has found there is a cap on wages in the nursing care industry. service providers are not raising salaries above a certain level even if they're holding additional assets such as reserve funds and deposits. the finance ministry surveyed more than 6,000 service providers on their annual wages. it divided them into five categories

i'm ramin mellegard. thank you very much for watching.drian: israel's parliament has approved a law to weaken the powers of the supreme court. there have been mass demonstrations by opponents who say it gives the far-right government unlimited control. can it be overturned? and what is the impact for palestinians suffering daily israeli brutality? this is "inside story." ♪ hello and welcome to the program. i'm adrian fineghan.

i'm ramin mellegard.olicy makers at the bank of japan say they're introducing greater flexibility in their yield curve control policy or ycc, but they are otherwise leaving their ultra-loose program unchange. the announcement came after the boj wrapped up it's two-day policy meeting on friday. the official said the yield on the ten-year bond would be allowed to fluctuate in a range around half a percentage point as before, but now they say they'll conduct ycc with flexibility regarding the upper and lower bounds of the range, viewing them not as rigid limits. the boj will offer to purchase ten-year jgbs at 1%. the yccs is intended to fix distortions by the financial markets. the boj statement says it's appropriate to enhance the policy sustainability under the current framework. this is the first modification to ycc under ueda kazuo. he said after the meeting the central bank will need persistent monitoring because of the 2% inflation target accompanied by wage hikes has yet to be seen. >> translator: tak

coming up next is "newsline biz" with ramin mellegard. so don't go away. and other countries in asia. >> the driving force of a recovery in external demand is weak in the short-term. economies remain high and geopolitical tensions are ongoing. china's trade is facing relatively large pressures. >> officials say exports of cellphones, perm computers, clothing, and steel materials all declined. overall imports last month fell 6.8% year on year. in contrast china's trade with russia remained brisk. the value of exports to there in june jumped by about 90% annually while imports were up roughly 15%. >> reporter: now, a survey by japan's central bank shows a record of over 95% of people say prices have risen from a year ago, but a growing number also feel that economic conditions are improving. the bank of japan conducted the quarterly survey from may to june targeting 2,100 people from across the country age 20 or older. a total of 95% say prices have risen either significantly or slightly. that's up 1 point from the previous survey conducted from february to