prime minister shinzo abe announced plans four months ago re nuclear power generation. the nuclear story in japan is compromised because institutions have grown too close. the government is tied to the nuclear industry, tepco spends money on advertising and media outlets don't want those avenues to go away. >> advertising budgets is one of the most important ways that industries exert pressure on the media in japan. electricity companies are involved in this. industry advertising budget is about $70 billion each year. tepco spends $20 billion on advertising alone. media outlets are concerned about this funding. >> translation: japan's nuclear energy industry is controlled by the i.a.e.a. the experts and journalists under the control of i.a.e.a. writes articles and reports. they aim to restart the nuclear power plants which are not operating. this is the mission that the specialists have been given by the government. to achieve this, it's better that the true facts about the effects of the accident don't exist. >> there's a lot of money to be lost. most people at the top

prime minister shinzo abe cut short his summer break to respond to the emergency. >> translator: my thoughts and prayers are with the victims of this tragedy. i'd like to extend my sincere sympathy to all those who are affected. >> abe has dispatched keiji furuya to hiroshima. he'll lead the relief and rescue work there. to learn more about how the weather led to this disaster we turn to meteorologist jonathan oh. >> hello. i can show you the radar returns from earlier in the day and you can see here some of the really darker shades of red and purple indicating rainfall rates at 80 millimeters per hour. when you have that type of rain situation on an already saturated area of moisture on the ground, you will see this type of problem and i want to show you some of the rainfall reports for three-hour periods up to 217.5 millimeters of rain and other areas again soaked with even more rain. it looks like that we're going to be dealing with precipitation as we go into thursday. look at this, we do have the stationary front located to the west of japan and so while the peak of the rainfall may be

shinzo abe has confirmed he will reshuffle his cabinet on september 3rd. he has had the same lineup since he launched has government in 2012. abe made the announcement on tuesday at a meeting of executives of the governing liberal democratic party. he said he want the change in order to launch the second chapter of his administration. he want the ministers to tackle national security and revive regional economies. the big focus of the reshuffle is the fate of ldp secretary general shigeru ishiba. abe is expected to ask him to assume a new cabinet post in charge of national security legislation that will allow japan to exercise its right to collective self-defense. ishiba has suggested he will decline the offer and ask to retain his current post. >>> u.s. military commanders are concerned about a series of near messes involving chinese fighter jets. they say the pilots are flying too close to u.s. planes over the south china sea, so they'll sit down with chinese military officials to try to establish some rules of behavior. the talks will take place on tues

hasrime minister shinzo abe wrapped up his tour of latin america and the caribbean. now visited 47 nations since taking office in 2012. he is not remotely finished yet. there's a trip to south asia on the horizon. we are joined for a look at all of this. ross, why is the prime minister living out of a suitcase? >> he is traveling the globe in he'sld where increasingly trying to balance japan. japan is really one of the world's major economies, the third-largest in the world. a big trading partner. it is really trying to build international support and international ties, both economically and politically with other nations as china's power bills around the region and around the world. he made keynote speeches at some avos.vents including di there've been talks that the ecb and he is visited obama. lookurging companies to for business outside of japan's borders and reestablished japan's foreign policy and its presence on the world stage. >> for all his efforts in all his travels and all this energy to rebuild relationships, he has not been successful in some notable c

. >>> prime minister shinzo abe is pushing for more women in leading management positions. his goal is 30% by 2020. the rate is now one of the lowest among developed countries. a panel of experts is discussing how to achieve abe's goal. it is being discussed by representatives from corporate management and labor sectors. they will discuss legislation and strategies. officials plan to submit a bill later this year. companies will likely be encouraged to set numerical targets for training positions. >> translator: it's important that the law doesn't put a heavy burden on each company. these concerns should be considered when the bill is written up. >>> the government surveyed about 4,000 firms nationwide in 2011. it found the proportion of women in management was only 6.8%. >>> computers and other modern >>> it's time now for a check of the weather with mai shoji. good morning. you have been tracking a typhoon headed toward southwestern japan. people there are feeling its effects. what's the latest? >> yes, good morning, catherine. we are tracking typhoon now off of okinawa.

japanese prime minister shinzo abe said the drills are totally unacceptable, and government officials launched a strong protest. abe has been building a personal relationship with russian president vladimir putin. putin is scheduled to visit japan in the autumn, but some government officials believe the trip will have to be postponed. others believe they should work on improving ties. earlier this month, japan and other group of seven countries imposed additional sanctions on russia over the situation in ukraine. in response, senior officials in moscow postponed talks with their japanese counterparts scheduled for later this month. russian officials have reacted sharply to japan's protest. a foreign ministry spokesperson said the islands legally belong to russia, and russians can decide where to hold their own military drills. the spokesperson said the drills are routine and not aimed at japan, so the country has nothing to worry about. >>> manufacturers in china have taken off. squl this has something in common with the beautiful gang. the people here are playing the world's most pop

amid the tension, prime mini shinzo abe visited australia a met with his counterpart, to abbott, in july. they signed a pact to jointly develop defense equipment. the two nations plan to hold joint defense drills with th prefecture to strength defen ties. japan's maritime self-defens force also took part in a jo drill between the nave advic the united states and india july. it was the first time in fiv years that japan has taken p defense minister odonera boa a nuclear-powered aircraft carrier. he is the first japanese cabin minister to japan is tryin ties with >> the defen us in the studio. our political commentato about japan's national defense policy and where it is heade >> thank you very much today joining us. you went on board an aircraf carrier and watched the operation. that is an unusual thing to for the japanese defense minister. what was behind it >> translator: it was possib for a defense minister to vi an american aircraft carrier while it was taking part in exercises, because of the alliance because of japan an the u.s. this alliance is a long-standi one it is important to

. >>> japan's liberal democratic party has met shinzo abe. it is the first time he will renew his team since he launched his government in december 2012. abe wants ishaba to resume a post to allow japan to exercise the right to collective self defense. but ishaba declined the office and indicated he wants to stay on as the party's secretary general. >> translator: i will fully support prime minister abe and will keep in close contact with him. >> abe still wants to give ishaba a key cabinet post to boost unity. >>> people in japan are seeing the first locally transmitted cases of dengue fever in 70 years. three students contracted the disease. it is rarely fatal but it can be severely painful. >> reporter: visitors to this area don't often see sights like this. authorities believe the students were infected in this park so they blocked it off temporarily and started spraying with insecticide. >> translator: i'm scared. >> translator: i'm afraid because there are still mosquitos at this time of year. i will try to keep up with the news so i wo

people had rushed out to buy big ticket items such as cars and home appliances before prime minister shinzo abe hiked the consumption tax from 5% to 8%. but consumer spending appetite has since faded. as for capital investment, that dropped 2.5%. business managers have tightened their budgets after upgrading their computer systems. those moves came after microsoft stopped supporting its windows xp operating system. >>> japan's economic revitalization minister remains optimistic. akira amari said the contraction is within a normal range. he compared it to the time when japan raised the consumption tax in the past. >> translator: some of the aftereffects of the tax hikes are lingering but they're gradually receding. we're expecting the economy to continue to recover moderately. we think our economic policy measures are working. >> amari said his upbeat assessment is based on recent improvements in consumer confidence and business investment. >>> store managers across japan are wondering when their customers will come back. some worry that could take a while. more from nhk world's kyoko fujita. >>

a meeting between modi and japanese prime minister shinzo abe is scheduled for monday. abe also plans to host a private dinner for modi in kyoto before the summit. modi is keen to revitalize the indian economy after its worst growth in a decade. >> modi views japan as a key business partner for his country. he expressed willingness to improve india's business environment by easing regulations to encourage japan to invest more. india is increasingly concerned about china exerting greater influence in the asia-pacific region. india held a joint naval exercise with japan and the u.s. in late july. and security is likely to be high on the agenda when modi meets abe. >> modi said he is hoping to obtain concrete cooperation for a nuclear energy pact that will allow india to use japanese technology, and modi also wants to discuss a planned high-speed train network for india. >>> medical specialists gathered in bangkok on friday to discuss ways to regulate surrogate births. thailand does not have any laws on commercial surrogacy. the thai authorities are working on a draft bill

. >> japanese prime minister shinzo abe addressed japan's unique place in history. >> translator: ashe only country in the history of human kind to have experienced atomic bombings and as a country to have lived through cast if i of nuclear webs we have the responsibility to make sure we rid the world of nuclear arms. >> members of local choirs wrapped up the ceremony with a song sung every year expressing their hopes for a peaceful world. ♪ >>> hours before the ceremony began, people started trickling in to peace memorial park to pay their respects. the survivors of the bombing, the -- were among them. so were the families of those who died. >> translator: i came here to pass on the horrors of war and memories of the bombing to my children's generation. >> translator: i'm sad because i was left behind. i lost my beloved younger brother. >> translator: when i look back at what happened i just can't hold back my tears. i keep thinking, why? why? >> translator: even today when i close my eyes i remember that day. i have to share my experience about the suffering caused by the atomic bo

prime minister shinzo abe said the peace japanese people enjoy now was built upon the sacrifices of those who died. >> translator: we will carve out the future of this country for the sake of the generation that is alive at this moment and for the generations of tomorrow facing history with humility and engraving its lessons deeply into our hearts. >> the participants paused at noon on friday for a minute of silence. >> about 80% of the relatives of the war dead who attended the ceremony this year are 70 or older. >>> now prime minister abe has chosen not to visit a shrine that honors the war dead. those remembered at yasukuni shrine included leaders convicted of war crimes after the war. an aide delivered an offering made in abe's name as leader of the ruling liberal democratic party. koichi hagiuda said abe asked him to pray for those who died for their country and for eternal peace. abe did not visit last august either. then too he made a similar offering. but he visited in december, a year after he took office for a second time. a group of lawmakers did pay a visit to the shrine on fr

prime minister shinzo abe's growth strategy is also driving up the budget. officials have decided to allocate nearly $40 billion for projects aimed at enabling the strategy. the total request for policy spending are expected to be some $730 billion. in addition, debt service costs will likely grow to nearly $250 billion as the balance of government bonds continues to rise. officials from each ministry will submit the request to the finance ministry by friday. >>> japanese government officials have been working to liberalize the retail electricity market. now officials at tokyo electric power company, or tepco have decided to supply energy outside its local area for the first time starting in october. people close to the deal say that tepco officials have signed a deal with -- tepco will provide electricity to 60 of the outlets through a subsidiary. it will buy the power from local firms with in-house generators. tepco officials are aiming for $1.6 billion in out of region sales by 2024. they are negotiating similar deals with other firms that have nation-wid

kishida described prime minister's shinzo abe's policy of playing a more active role in achieving peace. he express support. he hopes japan will make a big contribution to peace and stability in east asia. kishida said japan will continue to help the vietnamese improve their maritime security. >> translator: the south china sea is an important maritime traffic area. securing safe passage in those waters is crucial for japan and the international community. >> kishida said japan will give vietnam six patrol vessels. >>> meanwhile, the japanese government has announced the official names of 158 uninhabited remote islands to govern them more adequately. they include five of the senkaku islands in the east china sea. there are about 500 remote islands and islets that serve as the basis for setting the boundaries of japan's territorial waters. 158 of them have been unnamed until now. the government decided to call two of the senkaku islands in okinawa prefecture nantokojima and three others -- japan controls the senkaku islands. china and taiwan claim them. the government chose the official

hase minister shinzo abe ordered hundreds of military personnel to join rescue operations in the western city. the mudslides were the result of orth of heavy rain falling in 24 hours. landslides are a common risk in mountainous japan, where many homes are built on or near steep slopes and torrential downpours make the ground unstable. an average 1200 landslides are reported each year across the country and authorities warned the continued bad weather could trigger more in the days to come. >> let's take another quick look at our top stories. the fragile cease-fire in the middle east collapses as new fighting breaks out. palestinian rocket fire from gaza is met with a heavy israeli response targeting hamas military chief. out again in ferguson, missouri, after a new night of mostly peaceful protests. after much criticism over their teargas tactics in recent days, the police seem to be keeping a much lower profile. has beena look at what grabbing headlines around the world with our press reviewer. still a lot of focus today on the developing story in ferguson, missouri. >> absolutely. ther

. >> japanese prime minister shinzo abe addressed japan's unique place in history. >> translator: japans the only country in the world that has suffered nuclear bomb attacks. as such, we have a responsibility to work for a world without nuclear weapons. we have a responsibility to tell the world and generations to come about the inhumane nature of nuclear weapons. >> members of local choirs wrapped up the ceremony with a song sung every year expressing their hopes for a peaceful world. ♪ ♪ >> you probably noticed in the video that it's been raining in hiroshima. still, many people started gathering before dawn to pay their respects. the survivors of the bombing were among them. so were the families of those who died. >> translator: i came here to pass on the horrors of war and memories of the bombing to my children generation. >> translator: i'm sad because i was left behind. i lost my beloved younger brother. >> when i look back at what happened, i just can't hold back my tears. i keep thinking why, why. >> translator: even today when i close my eyes, i remember that day. i have to sha

security will likely be high on the agenda when he meets japanese prime minister shinzo abe. >> on the political and security front, we have already had consultations and dialogues at various levels including ministerial level and japan's maritime civilian force and the indian navy have had bilateral and joint exercises so far. so we would like to strengthen cooperation in those areas. >> as china increases maritime activities, japan regards the building of a cooperative ties with india as vital to stabilizing the asia pacific region. japan hopes the visit will be an opportunity to further develop the strategic global partnership. nhk world. >>> it's time now for a check of the weather. many residents along the u.s., east and west coasts are staying away from their coastlines. the meteorologist tells us more in world weather. >> for people just off the, just right along the coastlines, you will be seeing these very rough waves out here. the good news is that these stormy conditions are remaining out over the open ocean. what we have is the remnants of hurricane marie. it is now a tropi

and prime minister shinzo abe echoed his words. >> translator: we have the responsibility to ensure that we rid the world of nuclear arms. >> reporter: every year people from abroad travel to hiroshima to take part in the ceremony and to better understand the true impact of the bombing. >> this is history, but it's also present. so it's important to see and to transmit to the future. >> i'm so thankful that i was able to make this trip. i'm more serious than ever of working for peace. >> reporter: the memorial ceremony concluded as it has since the late 1940s with local choirs performing the hiroshima peace song. people in hiroshima also mark this day with seminars and rallies. it's part of the efforts to keep the memories of august 1945 alive and as part of a decade-long campaign to make sure what happened here never happens again. takafumi terui, nhk world, hiroshima. >> system of the survivors of the atomic bombings have dedicated their lives to sharing their experiences. they tell people of the destructive power and lingering legacy of nuclear weapons. one survivor wanted her stories

in late july and security will likely be hint agenda when modi meets japanese prime minister, shinzo abe. >> on the political and security front, we have already had consultations and dialogues at various levels, including ministerial level. and japan's maritime self-defense force and the indian navy have had bilateral and multilateral joint exercises so far. so we also would like to strengthen cooperation in those areas. >> reporter: as china increases maritime activities, japan regards the building of cooperative ties with india as vital to stabilizing the asia pacific region. japan hopes modi's visit will be an opportunity to further develop their strategic global partnership. nhk world. >>> it's time now for a check of the weather. people in tokyo are feeling a little chilly this morning as they get to work or school. meteorologist robert speta tells us more in world weather. >> yes, catherine and it does look like at least for the next several days, if you don't want to be wearing your sweater, it is going to be warming up. but for now, definitely staying cool out there. really what

kishida handed joko a letter from prime minister shinzo abe inviting him to visit japan as soon as possible. >>> three chinese coast guard vessels were spotted in japan's territorial waters in the east china sea. the ships were near the senkaku islands. officials with the japan coast guard say the patrol ships were off minami-kojima. the crews navigated the area about four hours before leaving. chinese government ships have violated japanese waters on 19 days this year. the islands are controlled by japan. china and taiwan claim them. the head of the foreign ministry's asian and oceanian affairs bureau lodged a complaint with a did chinese official. he said the intrusion into japanese waters is extremely regrettable. >>> police in thailand have one more piece of a puzzle involving nine surrogate babies. they say the infants found inside a japanese businessman's apartment are likely from the same father but they're still trying to figure out who that is. the babies were discovered last tuesday near bangkok. they range in age from a few months to about 2 years. police placed them in protectiv

give big business more influence in the economic policies of the government led by prime minister shinzo abe. officials at the japan business federation are expected to make a final decision on the matter as early as next month. they are expected to instruct member companies to start donating funds. the move will revive a practice that the group abandoned five years ago after the ldp lost power to the democratic party of japan. officials have been discussing restarting the donations since june when the chairman was appointed. the officials concluded the money would enable closer ties with the abe administration. keyeden ren used to advise firms on political donations after reviving the policies of different parties. but this time, federation officials are expected to let member companies make their own decisions. japan has a target of doubling the number of visitors from overseas by the year 2020. and to achieve it, government officials are to tap the power of information tech jixt they will analyze vast amounts of information called big data to learn more about tourists. people at the agenc

japanese prime minister shinzo abe said the drills are unacceptable and government officials launched a strong protest. abe has been building a personal relationship with russian president vladimir putin. putin is scheduled to visit japan in the autumn, but some government officials believe the trip will have to be postponed. others believe they would work on improving ties or they should work on improving ties. earlier this month japan and other group of seven countries imposed additional sanctions on russia over the situation in ukraine. in response senior officials in moscow postponed talks with their japanese counterparts, scheduled for later this month. >>> russian officials have reacted sharply to japan's protest. the foreign ministry spokesperson says the islands legally belong to russia and russians can decide where to hold their own military drills. the spokesperson said the drills are routine and not aimed at japan, so the country has nothing to worry about. >>> palestinian and israeli negotiators have seen the latest 72-hour cease-fire in the gaza strip wind down. represent

. >>> investors around the world have been watching closely to see if prime minister shinzo abe can live up to his promise of bringing japan back. the man largely responsible for jump starting the economy and fulfilling that promise is with us today. ai uchida joins us from the business desk. >> akita amari is the one tasked with making abe nommics work and those around him have said this is japan's last chance for the economy. we have seen the stock market grow in the last 18 months and corporate earnings grow. but, gdp in the april to june quarter fell largely because of the consumption tax hike. amari has been watching it all play out. a business magazine says he has what it takes to deal with what's ahead. it has chosen him as one of the top 50 most influential leaders in the world. he is juggling economic reforms including cutting the corporate tax to overhauling social security to negotiations to reach a free-trade pact with asia-pacific nations. minister amari thank you for joining us. for our viewers watching we are going to be switching to simultaneous translation now. >> transl

the move is part of prime minister's shinzo abe's attempt to rebuild the vitality of local areas. the liberal democratic party task force has just drawn up an outline of its proposals to the government. the group says businesses in local regions should pay less corporate tax than tokyo-based firms. it also proposes boosting farm incomes to attract more people into agriculture. it says these measures will help create jobs and stem the decline of local populations. the group recommends that governing power be disbursed away from tokyo. it should identify public agencies whose authority can be shifted to local areas. >>> bank of america has agreed to pay more than $16.5 billion to u.s. authorities. that's a record. the money will settle charges that the bank misled investors into buying mortgage-backed financial products. the justice department accused the bank of selling mortgage securities without fully explaining their risks before the 2008 financial crisis. the department says it's the largest settlement of its kind ever reached. jpmorgan chase agreed to pay $13 billion in a sett

prime minister shinzo abe is overseeing the operation. the u.s.s bombed islamic state fighters in iraq. the exact location of the tax hasn't been released. they follow the murder of journalist james foley last week. a video of his death was posted online. the murderer appears to have a british accent. london sayficials in they are close to identifying him. diplomats from india and pakistan were supposed to meet today after prime minister dgedndra modi ple to improve relations. -- his us now is research covers foreign policy in asia including india and pakistan. thank you so much for joining us. when narendra modi came into power, it was notable that he -- the pakistani , to hisip, the pm inauguration. that seemed to have stoked up a lot of interest in warming relations. has that cooled somewhat? >> i don't think it is necessarily a negative thing. the cancellation of this round of talks. i don't think it is a signal that india and the modi government are not interested in talking to pakistan or improving relations with pakistan in the long run. it

prime minister shinzo abe said the peace japanese people enjoy now was built upon the sacrifices of thosewho died. >> translator: we will carve out the future of this country for

atone for their past, and also with curatorial and friction has not been helped by the visit of shinzo abeshrine. he went there to pay his respects, and they were commemorating the wartime debt of some of the war criminals, and that affected others, both angry at that visit. >> a very sensitive issue, which is why those relationships are still very tenuous. you for chin, thank that. and looking at some other tories, ban ki-moon has denounced the strike on another u.s. strike in gaza as a moral outrage and a criminal act. , which the u.s. that was appalling and disgraceful. it is not exactly clear what happened here. they were hit by shells. and they say it was an airstrike. all of the seven passed to the military multiple times. they know where the shelters are. happen, continues to continues to happen, i have no idea. do not have words for it. i do not understand it. >> meanwhile, israel has announced a seven hour truce. and they also pull that most ground forces as prime minister signaled the four-week assault may be winding down. israel has lost 64 soldiers and three civilians. a strong

shinzo abe hosting narendra modi. climbing .25%.what australian equities look like. the index climbing, extending gains at the start of the session. seoul, a little bit of a rocky start to the month. kospi fluctuating between gains and losses. right now, it looks entrenched in this position, at least for now. we are seeing asian stocks fall broadly on the regional benchmark. investors are waiting regional violence to ukraine. of course, we are waiting for chinese manufacturing data. futures pointing to a slightly higher open. and its shareholders are designated brokers for a program connecting the shanghai and hong kong stock exchanges. my next guest says the stock link will take off. head of china and hong kong strategy, joining us live from singapore. rank you for joining us. -- thank you for joining us. over the weekend, we saw a full trial. a lot of people work through the weekend. no rest for the weary or the wicked, i guess. how did it go, in your view? >> the testing went better than expected. they did a complete buy and sell

prime minister shinzo abe is overseeing the operation.ating a navigation system to ps is beingca's g threatened by satellites being placed in the wrong orbit. they ended up in the wrong place. have thems to 30-satellite network operating by 2020. >> as we know, economics likes to assign value to everything it can. farmers might be pleased to know that an australian study has a sound -- has assigned value to working dogs. >> working dogs are a fixture of australian farm life. it is a skill farmers find especially valuable in the weather and the cold. >> you just bring the dogs out. >> in a study, they have put a price on this work. typically $7,500 per farm dog. the value calculated at just over $37,000. >> it does save you a lot of wrangling. i work all day and they put a smile on your face. >> he is worth more than anything to us. he saves us money. we do not employ anyone for anything. >> the research team will now collect and analyze dna to find out what characteristics the best dogs share. aeerfulness, loyalty, and willingness to work

prime minister shinzo abe wants to change all of that to unlock economic potential.dicine maker or a tech firm question mark we will take a look at which japanese company is beating the market in tokyo. that is coming up next. ♪ >> i'm angie lau. it is monday, august 18. these are the top stories. going small paid off for one of china's biggest rock ready developers. china vanke had its best first-half ever -- china's biggest property developers. china vanke had its best first-half ever. we will be watching china vanke at the hong kong open in about 40 minutes from now. bad debt is getting the national bank of australia a boost. cash profit at the country's largest lender rose 7% in the last quarter. low interest rates helped limit default. alibaba may face added scrutiny from u.s. regulators ahead of its ipo. the move is expected after accounting irregularities at the film's -- the film unit. planned share sale is unlikely to be delayed. in the sec declined to comment on the situation. suspendedctures was friday in hong kong. no word on whether the shares will reope

do you think shinzo abe our governor corrode up -- kuroda? exceededk the decline expectations from the boj but it enforces the idea that they will be in october and deliver stimulus. what catches them mostly is the market does not believe they inl get inflation back 2011 at eight stable level. they declined and that is sub-optimal. >> when you look at japan, weak growth to one side. when you look at the u.s., growth next year -- you have written about this extensively -- no one has changed their course. there is a consensus everything will be ok despite everyone revising their course for this year. why? >> we have had 100 basis down 2014 and noon to change in 2015, which is 3% consensus estimate. what is more interesting within that statistic is that the dispersion among economists is thin among that number. everyone is saying the same thing. why is that? it partly has to do with the fed. it must be the case. conversations, people believe the fed is over weighing its role to get full employment. maybe they are willing to would tolerate more i

. >> indian prime minister narendra modi is in turkey to meet japanese counterpart shinzo abe. they went to a village where the two counties are already working together. >> reporter: native japanese food after a hard day's work. at a small diner japanese workers are trading stories about doing business in india. >> they go through everything a to z and schedule everything. everything should be done on time. steams it's very difficult to do such things in india. honda, a business partner, is trying to help both sides work together. >> bridging the gap, explaining to japanese people, that they are not like others. listen to the ideas. adapt. >> dykan is one of 30 japanese firms trying to adapt to india in a purpose-built manufacturing hub in rajasthan. >> translation: we are confident the exact will be in the future. the more indians na use our project, the better for us and them. >> this village was an old fort. but from fertile plains to factories of the future, it's at the heart of a special japanese economic zone, the first of its kind in india, attracting $1 billion in japa

. >>> india's prime minister narendra modi is in tokyo to meet his counterpart shinzo abe. they want to build stronger ties, and business deals. they went to the village where the two countries are working together. >> reporter: native japanese food after a hard day's work. at a small diner in a remote village, japanese workers are trading stories about doing business in india. >> they just go from a to z and schedule everything. everything should be done on time. but sometimes it difficult to do such things in india. >> reporter: honda's indian business partner is trying to help indian and japanese firms work together. >> it's my correction to teach both sides. breach a gap, explain to japanese people that indians are not like others, we are intelligent people. listen to our ideas. adapt. please adapt. >> this is one of more than 30 japanese firms trying to adapt to india in a purpose-built manufacturing hub in the state. >> we are confident the biggest impact will be felt in the future. the more indians, the better for us and then. >> for centuries, the village was known

concerned, ten people considered missing and the situation so bad the prime minister of japan, shinzo abeis trip short to begin to deal with this and i want to show you the perspective as far as before and after the landslide. the building structures right here. look at the before perspective. look at the mudflow and debris that has taken over and gone down across this region and the before and after showing the massive damage and rainfall as historic as they come when it comes to whatmanned here. most rainfall in one day, most rainfall in one month and also the most rainfall in one hour in recorded history for hiroshima. all occurring here in the past 24 or so hours. take a look, 222 mill meeters in four hours about 8, 9 inches has come down, well above the august average and the stats again go to prove the significance of what has transpired here on wednesday afternoon with all the flooding that took place but i do want to touch on something else happening. a volcano across iceland that is beginning to act up. we know there's a national park here. no permanent resident as loued. no publ

shinzo abe, saying to the company, let's get aggressive and let's cut costs and let's get profitable.s great content. they have an electronics business. they have a financial services business and then they have music an entertainment and, liz, those pieces are worth a lot of money. liz: they also have, they also have activist investors circling around. >> you know, it is tough, japan is different. you don't use the elbows the same you can here. liz: not viacom. interesting. >> sumner redstone and viacom is clearly a participant in global marketplace. they're buying stock back. when they spun off cbs they had 700 odd million shares out. they are now down to 420. liz: right. >> my clients that own voting stock are getting higher ownership without me putting up more money. that is very good. liz: interesting you're talking about sony making a deal. if were american company suddenly everyone talks about tax inversion. which is fancy way of saying let's merge with a company overseas to get their lower tax rate. >> that is different than sony. sony is only 11 billion-dollar market cap. it

region and you see the end result is something like this but we know the prime minister of japan shinzo abewas on his holiday, on his vacation in this region at least and canceled it and went back to tokyo to begin working on the recovery efforts but rainfall total, millimeters, 2100 is about 83 inches or 7 feet of rainfall that has come down in the area since the beginning of august. you go toward s kochi, japan, five feet of rainfall has come down, rainfall almost of an entire month so this is why this event has become so significant and a lot of the rainfall about 9 inches of it, 200 plus millimeters came down in four hour, guys so unfortunately at this point it looks like there are some showers left in this region but the before and after image, take a look. the land just completely giving way in an area that's pretty densely populated so we know the fatalities are going to be on the increase unfortunately. >> the land is just not able to absorb that amount of water. >> not that much in that short a time. >>> the ukrainian military confirms that a jet and two helicopters were shot down

. -- prime minister shinzo abe is overseeing the operation.ern california has been hit by the strongest earthquake and a quarter of a century, the 6.0-magnitude earthquake hitting in the napa valley. they say 120 people were injured, three critically, and power was cut in some areas, and gas leaks caused several fires, and trains have been suspended until tracks and bridges can be examined. and in the northern city of the murder ofas the journalist james foley last week, and memorial services were held for him in the kurdish capital. have ader appears to british accent, and security officials say they are close to identifying him. next, the dollar rise and the jackson hole symposium, discussing stimulus. we have a summary of the talks, and market reaction. that is coming up. ♪ ♪ >> we are coming to you live from our studios in hong kong, on bloomberg.com, and your mobile device. you are watching "on the move." if there was one key theme of the central bankers in jackson hole, wyoming, it was certainly jobs. they had views on policy, but the la

prime minister shinzo abe it wants to change all of that to unlock the country's economic potential., put a ring on it or not. why diamonds have lost some sparkle in china. ♪ >> we are seeing declines in sydney for new crest mining. loss of more than 2 billion aussie dollars. what is going wrong? , misery has been something of a name for me today. it was a horrible result for new crest. write-downs,n particularly in papua new guinea but also other minds as well. $2.2 billion. did,xpansion that newcrest well, the world failed to end and the economy recovered. gold returned to normal prices left holdingwas the bag. shares are down about 1% this morning. needless to say, there will be no dividend either. it is not all bad. was $432lying profit million. those write-downs are now behind them. provided the gold price stays newcrest should remain cash flow positive for the year ahead. apparentlyan miners considering a vast amount of deals. >> it is not just australian miners. it was a number crunched by bloomberg news that the unwinding of about $600 billion of deals made over the past deca

it highlights the difficulty for the shinzo abe government is facing staying on track with the third arrow ofabenomics. they have yet to deliver on fiscal and economic reforms and changes to the corporate scratcher -- corporate structure. we are seeing a modest market reaction in tokyo. the market is focused on what is happening in china. numbersnomic num there. of prime minister is traveling in japan. he made comments domestically save the government is analyzing the numbers. the economy minister said the government is ready to take flexible action if things get worse. >> on that matter of chinese data, we had news of a plunge in -- credit pot credit gauge plunge in the nation's credit gauge. >> this is concerning for the chinese property market. we have seen the government taking steps to rein in excessive credit growth. it reveals it unexpectedly plunged last month. we have aggregate financing coming in at $44.3 billion in july, well below estimates. yuanbelow estimates, new loans and the end to money supply came in well below expectations. reports on industrial production so it i

. >>> now, the japanese prime minister shinzo abe did not join senior government firls at the kasunithe move still anchored south korea and china who blame jo pan. china's foreign minister issued a statement opposed to putin's offerings for the temple. >>> the first papal trip to asia since 1999 while celebrating mass at the nation's world cup stadium urging facebook to be aware of the you inials to papalcism. >>> now, alibaba has delayed results and suspended trading citing possible accounting irregular layerties as its e-commerce giant prepares for the one of the largest ipos in history. eunice yoon, please update viewers on the latest in chase they're joining us now. >> the issue is that there is a film or a film arm of ali baba it's accounting for some regularities. alley bay bay has been on an aggressive acquisition trail. it is in a stake for 7800 million, as well. now, what happened when alibaba made this deal is that they decided to put in place their own management. so the company has new management and the company's management had looked over the books and found that there

mark and the anniversary of the end of world war ii, prime minister shinzo abe is expected to not attend shrine ceremony in designs to not worsen strained ties with china. he wants to the summit with xi jinping in november. let's have a look at what we can expect for what investor sentiment is looking like right now. joining us from singapore is an equity strategist. thank you for joining us. indeed, couple of brief -- rough weeks. are we going to stop the rout? helpedmarket hasn't been by the geopolitical tensions in russia and ukraine. asians point in time, how markets and the global markets develop depends on the developments in russia and ukraine. we have seen over the last couple of weeks the tensions arising. russia has put troops on the border of ukraine. there could be a possibility that russian troops would cost -- would cross the border. that would probably worsen sentiments for their. in the short time, we see more downside corrections for asian equities. >> how much of this is good to be dictated to you by fundamentals? you can point to the geological story, but even when we

that is according to the outside advisers prime minister shinzo abe and this has been reported by reutersstill to come on this show, snapchat turned down a $3 million takeover bid. we'll talk about the app later on in the show. here is a quick look at the u.s. futures as we go to break. we'll be back in a few. xkç >>> welcome to "worldwide exchange." i'm carolin roth. the dollar rallies as investors in europe eye further action from the ecb. but the former central bank president jean-claude trichet says mario draghi must fulfill previous promises before launching something new. >>> the $ 10 billion start up at silicone valley venture capital firm invests $20 million in snapchat, the messaging service with virtually no revenue. >>> keeping the canadians happy, warren buffett denies burger kidnapping's deal with tim horton's is about tax invasion. he's putting shareholders before patriotism according to speculation. >>> putin says ukraine must agree with rebels in the east of country and moscow will only support the peace process when it starts. >> announcer: you're watching "worldwide exc