on the asia pacific side we have the emerging tpp which is in negotiation. now, if they can counterbalancing trade blocs, maybe, but i think it should somehow accommodate each other eventually to create a macro framework of extended asia pacific free trade network. i don't know, you may have a different idea, but can you think about asia pacific free trade without china? and can you think about east asian free trade without united states? i don't think it makes sense. so, that's where korea can play its role. we are the strong ally of the united states, we have fta with the u.s. which is a benchmark fta. now, in the tpp negotiations, all the countries are looking at the fta to see if we can introduce some trills and the regimes from the fta. so in a way chorus fta is playing a role of the tugboat, you know the boat carrying the big ship. i'm a former navy officer, so i know how important is tugboat. and also, through our bilateral negotiation with china, we are doing our role, important role, of liberalizing the china market. so that they can accept the globa

and good for the world, and especially good for the asia pacific. and showing to a year ago who could not have entered the country, they are not going to look back, but look forward. >> the performance lately hasn't been that rising oproblem prows promising india no, not at all, and there is such excitement that maybe he will change that, a 5.7% growth rate, which for slow growth america sounds terrific, but when you have 1 million or many people seeking to enter the job market, it isn't enough. and so i think the excitement that you saw, when i walk by the white house today, it was terrific. there is an excitement that maybe he will bring change, but the reality is it is sit rhetoric. people will start looking for real action. the details. >> he promised to change it, was did he just saily change it, or was he more program itic did he diagnose the problems? is. >> he ran to alarming extent on his record as chief minister which has been one of the most successful states in india in the last decade and he ran on a program of helping the young people.

the rescue operation. that is coming up next. ♪ >> this is "asia edge." re going to check on some of the stories making headlines for you. the cease-fire in the eastern section of ukraine is under strain. the rebels agreed to a truce last week. president poroshenko and putin talked last week and. there is no talk of ending the cease-fire but martial law may be imposed if it does fail. calling a member countries to find the political will to confront the islamic state and other militant groups. they denounced the killing in iraq and syria. they said that members often fear to act for fear of interfering in another country's affairs. president obama will lay out his strategy later. this week. >> this is not going to be an announcement of u.s. ground troops. this is not the equivalent of the iraq war. what this is is similar to the kinds of counterterrorism campaigns that we have been engaging in consistently over the last 5, 6, 7 years. minister isn prime facing the first major natural disaster of his administration with at least 120 people killed by floods

navy commander says hundreds of people from the asia pacific region may have joined the islamic statextremist group. >>> and efforts to rebuild gaza remain stalled one month after fighting between israel and the palestinian islamist group hamas ended. >>> japanese prime minister shinzo abe spoke at the united nations general assembly in new york. he promised his country will contribute to fighting the ebola virus and countering threats from the islamic state militant group. nhk world's mike ibara has more from new york. >> reporter: prime minister abe spoke thursday morning at the general assembly hall. his main message was that japan is ready to make a stronger commitment to the world's fight against global threats. >> mr. president, humankind faces serious unprecedented crisis. the government of japan is putting forth its best possible effort in the fight against the ebola virus disease. international communities should come together and address this crisis that affects directly peace and security of africa. japan regards the activities of isil, which extends across national borders

commanders are staging a large scale military drill to prepare for a threat in the asia pa a sific. >>> voters are in scotland are heading to the polls to decide whether to leave the united kingdom. they've begun to cast their ballots. recent polls suggest it's a close race. 48% of decided voters support independence, 52% do not. 10% are undecided. voters are deciding whether scotland should be an independent country. they'll answer with yes or no. scotland's future will be decided by majority. if yes, scots will mark the independence day march 24, 2016. >>> market players are closely watching the referendum. if people vote for independence, british pound and shares are expected to drop. it could affect financial markets around the globe. >>> australian police have detain add 15 people in an anti-terrorism raid. abbott says the group was planning demonstration killings in the country. authorities searched 30 locations in sydney thursday. some of the men detained had plotted to kidnap and kill a random member of the public. the report say the plan including filming a victim draped in t

he is the first man from asia to reach a grand slam final. why the pay cuts and chinese bankers take so much less than americans. >> mind the gap. fear of a talent exodus. sidestepping bonus rules. hit the road. launching the ipo sales pitch today. we have a look. hong kong starts off the trading week. there is no training -- trading in shanghai because of a holiday there. we have john dawson. >> we can see it opened today and taiwan is closed and south korea is closed. there are marginal gains. we look forward to the data coming out in the next half an hour. exports and trade data are important. chinan see hong kong and is shut. we have a quick last question and the opening price. no dramatic change. so, keep your on that. you can see it open officially. what is the overall picture in the opening stages of this? i can show you this wonderful chart and you can see the opening gambit in the early start with the low-volume. the consumer services are up and financials are down marginally. andcan see it down 2% computer services and equipment are

the move." stay tuned for asia edge. we will recap the big stories. asia-pacific of with j.p. the middle of the trading day and this is "asia edge." ♪ >> i am rishaad salamat. our top stories. losing momentum. cooling in august. more gains. asian stocks resume their run. protesters in occupied central hong kong. >> i am angie lau. much more on a hong kong's suffrage story. we will hear from all of the major players including martin a lee, the founder of the democratic party. thaticroscopic particles are entering the food chain. a special report. getting away from it all. we revisit welcome be the most isolated hotel. this monday edition of "asia edge." >> i am watching the markets. i am exact -- i am exaggerating, a good start. came out ofpmi china, things started to turn around for the better. another good session over in taiwan. something that has become quite common. inflows intoet taiwan. the most in asiace

coming to "first up," you live from the bloomberg asia headquarters and streaming online at bloomberg.comchina's growth targets is again under threat, new data over the weekend showing a continued slowdown in growth. let's head over right now to bloomberg's stephen engle in beijing with the latest. steve? >> yes, the economic indicators, angie, you are right, pointing missing the growth targets, and it is the same as the previous year, 7.5% for the target. his options have narrowed. stimulate or miss that target. now, we had the weakest economic outlook. sales, they moderated last month, as well, and we saw the second straight decline in growth of imports and a 40% drop in the broadest measure of new is aggregate financing. over at morgan stanley, one person saying this is a pretty important wake-up call, that they need to do more, but will they stimulate more ortiz policies? policies? they do not want to inflate asset bubbles and get into the thattment and indebtedness they are trying to whittle loss right now -- to whittle off right now. so that is something we could be looking at at th

led to the community of apek, the community of stations in asia pacific. under my prien ministership, we sharpened that focus, for having a whole of nation policy paper, calling australia in the asian century, looking across the 100 years to come, the original growth in our region of the world and its rising economic power. we were very conscious of the strategic weight of the world in which we live and the australia's place for that and the great opportunities that can flow from it. >> do you think australia has a lfn lesson to teach to the united states as it talks about tilting towards asia, refocusing not necessarily away from europe but taking a wider view of the world? china is a big player now. and i think america's associations are still very heavily pitched across the atlantic. >> i was very happy as prime minister to welcome president obama to australia. he spoke in our parliament house. and he spoke at the time that the united states was first articulating the doctrine of the pivot or the rebalance, whatever terminology you want to use, towards a

the u.s. are they going to dismiss it in asia, as well? yeah, i think they will probably be relaxed about it. the u.s. gives you the lead. if you look at the broad range of data coming out of the u.s., it has been really quite solid. number, i don't think people are going to revise their views on where the u.s. economy is going or how long it is going to be before the fed raises rates. lot moreing to learn a after the fed's policy meeting next week. that is going to be a key event next week. >> a lot of people have been explaining this optimism and really trying to give credence to this incredible rally we've seen in u.s. equities. if you take a look at the fundamentals in the u.s., do you see the strong fundamentals that could really encourage equity markets in the u.s. to go even further? tough one.that is a it seems pretty clear to me that the economy is recovering quite nicely. you have a growth rate still at 3% quarterly. you can clearly see that the consumer is coming back. corporate investment is doing quite well. i think the real q

laos is one of the poorest countries in asia but the economy has been expanding resulting if larger middlend wealthy class. they are concerned about their health and will pay as much as 20% more to purchase organic vegetables. the market, apparently, always sells out. the farmers wear green polo the shirts ide aork. officily accredited organic fa ly certified farmers are organic markets are supported by the government. 80% of the country's population is involved inning a gagricult e agculture. rice and vegetables have been produced and consumed locally. the mighty river winds through the indochina peninsula. the friendship bridge is great increased trade between laos and neighboring countries. the amount of imported goods from thailand is growing yearly and the community is set to be launched in 2015. it will eliminate customs tariffs within the community and allowffdabl hig quality produce from neighboring countries to hit local markets. it's expected to have a huge impact onning agriculture in la. organic agriculture is seen as the key to boosting the doe domestic market. laos is suited

. >> reporter: she will compete in the asia paralympics next month. she wins she will be guaranteed a ticket to rio and will be one step closer to winning two straight golds. >>> people in the northern u.s. are dealing with cold temperatures and heavy snowfall. our meteorologist joins us for more on that. >> it's still mid september but people in the northern u.s. are experiencing winter-like conditions in south dakota, part of the area are in white. take a look at rapids city. rapids city made a time leap and transformed into a winter wonderland thursday. early snow storm dumped up to 20 millimeters of precipitation. this is the earliest record snow fall recorded mptd the heavy wet snow is expected to continue and power outages and fallen trees are highly possible. western canada was hit by heavy snowfall earlier this week. the cold air is brought by these high pressure systems and these high pressure systems are moving to the south reaching sugern planes on your friday. warm air is coming in from the south. in between severe weather is happeni happe

and one of my favorite questions, who was the beautiful amazon queen who stalked alexander the great across asia? is a delved deeper into the latest archaeological discoveries and the old nomad traditions, more and more new questions demand answers, and i wondered, who else was fascinated by amazons besides the greeks? what kind of stories did they tell themselves about their own heroic women and what about other ancient cultures that bordered on the steppe regions called cithia. what sort of tales about nomadache warrior women in persia, egypt, india, central asia, and even china. the answers to the questions reveals that the nongreek cultures told radically different stories about warrior women, which i cover in the concluding section of my book. well, i'll stop there because i'm sure some of you have burning questions about amazons of your own and i'll be happy to try to answer them. thank you. [applause] >> did you find any archaeological evidence linking the methods and legendded of art at the muss and the hunters to actual amazon. >> she was the goddess of the hunt, and it's interesting th

the economy? hello, you're watching asia biz forecast. i'm yuko fukushima. managers of japanese companies have a fight on their hands. people have been reluctant to spend money since the consumer tax hike in april. household spending was down more than 5% last quarter. the auto industry has taken one of the hardest hits. car sales plunged in april and they hav

the market figures. >>> every morning investors turn their attention to asia. e tokyo market leads the way and markets around the world follow. from the decisions that could change the course of an economy. >> to the companies at the forefront of change. >> up to the minute market reports. >> analysis by specialists from around the world. >> get all of the latest business news and insight every day here on "newsline." >> next in sports, japanese wheelchair tennis player is on a role. last weekend she won both singles and doubles titles at the u.s. open in new york. here's her story. >> reporter: nothing keeps her from training, even when the temperatures are scorching 35 degrees celsius. >> i'm yui camiji number one tennis player in the world. >> kamiji competes against stronger rivals. players are allowed two bounces of the ball. her strong point is her being quick to the return the balls even in intense rallies. kamiji was bornwise a spinal cord defect. as a child she was able to run a little. by the time she turned 11, she had lost strength in her legs. at ab

the revision is meant to reflect the shifting security situation in east asia. that includes north korea's nuclear and missile development. authorities in pyongyang launched ballistic missiles into the sea of japan in march, june, and july this year. this was another reason why prime minister abe announced a fundamental change to a decades-old policy. his cabinet approved a reinterpretation of the constitution, allowing japan to exercise its right to collective self-defense. that means it could defend a closely related country under attack. >> translator: with this decision, japan could strengthen its deterrence and contribute to international peace and stability. and also ensure japan's security. >> reporter: but abe needs to amend more than ten domestic laws to make the change a reality. so he's creating a new cabinet post devoted to that job. 58% of people who responded to nhk's latest survey said the prime minister and his cabinet have not fully explained the issue of the right to collective self-defense. the new ministers will be expected to convince the jap

the latest on bridging. "asia edge" returns and a couple of minutes. ♪ >> the first full trial of the exchange went smoothly. brokers working over the weekend and they said mock trades carried out with the no major issues. the unprecedented access in mainland china. on link is expected to start the 13th of october. for more on this, the managing .irector at the j.p. morgan thank you for joining us. how important is this? because very important whether talking about the train and it is not materialize. there are lots of issues. it has to do with the and both hong kong and china and foreign exchange, capital flows, etc. it is now on our doorstep. mid-october, the implementation will go ahead. it is quite important. if you think about it, the quarter, the daily trading and annual trading eventually will be expanded. i think the shanghai-hong kong exchange will eventually extend as well. it is really encouraging movement of capital between hong kong and china providing for both markets. >> does it really? what does ho

it is the middle of the day, and ."is is "asiah before selling shares, and stocks on the way down along with copper and crude oil. >> also coming up this hour, crucial independents vote is coming up this week, but what effect will it have on industry? island,w-laying talking tourism and trade. and the world's first ever green in beijing. >> and i am john dawson dawson. markets very much driven by weak numbers from china. some declines are significant. australia, and these are very d to china, and the first is china, and the other is sinopec selling a stake. op

the luxury sector because they have no growth in asia. y concerned about richmont coming through. very well but not enough to upset sales. these are five-month numbers. an odd. as they have their annual general meeting. the three big movers. the equity market is pushing higher. the three headlines. the grapple over scotland's future in the u.k. enters its final day. minister makes his final appeal today in an effort to claim a victory in the last 24 hours of the two year campaign. roseean trop -- crop sales for the 12th consecutive month for the longest growth stretch on record. other things help boost sales. is finally recovering from last year's two decade blow -- low. and --ng to a over government official, they will funny -- funnel the money into the five against banks area and hasn't been announced. talking to caroline now, airbus fourly delivered its first yesterday but there hasn't been a single new order for the double-decker jet this year. we will talk with the ceo himself. that the demand, though it was soft, that they are stayin

the philippines can also lower labor costs compared to most other asia nations. and the high birthrate meant there were no concerns of a labor shortage any time soon. so the economy grew by more than 7% last year. business in the local shopping center near to this factory district has begun to expand. moegs of these eat ris used to close at 9:00 p.m., but now they stay open all night. the search has seen a huge increase in customer who is eat late. cab and penny cab drivers also come here to eat. >> it's 10:30 and the first round of profitable time slots for this noodle shop has just befun. this shop specializes in a local noodle soup dish called mame. at around 50 yents a serving, the dish is also a popular takeout food. >> this lady is off to have a drink and ebb joy the noodles with her colleagues. the store quickly fills up and 50 servings of mame are sold in under 30 min you wills. shi opened the store about 10 years ago. her full scale, late-night operations started three years ago. her seven daughters work as her staff. the family lives in the same building

he's determined to sign up to a free trade pact in the asia-pacific that would cover around 40% of global gdp. he hopes the trans-pacific partnership will help boost the country's exports. but japanese delegates are still trying to iron out differences with their u.s. counterparts. and ministers of the 12 negotiating nations haven't met over the summer. experts say upcoming and midterm elections in the u.s. could cause further delays. one analyst says some investors now believe that the implementation of abe's growth plan is too slow. >> last year foreign invested purchased japanese stock more than 15 trillion yen. but this year, they sell japanese stock. this shows the foreign investor expectation to the abenomics is starting to fade out. >> reporter: abe faces another major challenge. he has to manage our country's debt that's expanded to a record level of around 9.6 trillion dollars. the japanese government has a plan to raise the consumption tax to 10% next year. abe will decide by the end of the year whether he will carry on as planned. a further tax increase may drag down personal c

a bit of a mixed picture in the asia pacific today. >>> trade negotiators from 12 countries have gatheredn vietnam for a new round of talks for the transpacific partnership and on the other side of the ocean, japanese and american officials have resumed their own part of the deal that focuses on autos. those talks opened in washington on wednesday and will run for three days. u.s. officials want to increase their auto exports so they are urging their japanese counterparts to revise their standards on vehicle safety and fuel efficiencies. the u.s. wants the right to reinstate duties in the event of a surge. but the two sides have yet to reach an agreement. next week the focus will be on agriculture when negotiators meet in tokyo. >>> a swiss based research institute has ranked japan the sixth most competitive economy. that's up three places from last year. researchers at the world economic forum ranked the global standing of economies every year. they analyze a number of data such as corporate operation, education and medicine. switzerland remains in the top spot and singapore is second. t

. >>> on to the markets now, some investors in asia took profits from recent gains, while others stayed on the sidelines. their focus is on upcoming major events. the european central bank is scheduled to announce its policy decision later on in the day. also we have got u.s. nonforeign payroll data coming out on friday. you can see most of the major dch mark benchmarks finished with declines. nikkei was down .33%, 15,676, that comes after reaching a seven month closing high for two days in a row. the yen's pause in weakening was not a positive for the market. in sydney, the s&p asx 200 index down more than .4%. 5,631. that is a second straight day of declines there. pulling the index lower today was resource stocks. they came under pressure due to falling iron ore prices. and in china, the shanghai composite climbing .8%, recovering that 2,300 level for first time since may 2013. shares in the sector went higher today. >>> a federal district court in the united states upheld a $6 billion judgment against japan's largest drugmaker. the court says takeda pharmaceutical hit cancer risks a

the u.s. is a wake-up call in asia. let's find out more. or for the asset management, research, and asset at business school. he joins us from singapore. thank you for joining us. evaluation currently stands at billion.lion -- $231 a 38% increase on the first day. is that just the beginning, or where do we go from here? >> the story of alibaba is really the story of the chinese e-commerce market. that, the chinese e-commerce market is only 9% of total industry consumption in china, and it is bound to grow. economists estimate that the chinese e-commerce market will soon surpass those of america, britain, japan, france, and germany combined. --baba is personally vertically positioned to take full advantage of that. we heard from jack ma, he said it was an opportunity to be more transparent to the world's investors. does this mean that we could see a trend towards more transparency of for chinese companies that list and trade it right here in hong kong or asia? well, this is a very important step for the chinese economy. and it is a very impor

cully, talk about the pivot to asia, a sort of late first term initiative. it's kind of gone aground and seems to be he'll leave office with it uncomplete. >> yeah. i used to be an english teacher at the high school level before i went to high school and my favorite line from shakespeare is talkers are no good dohrs. look at what people do, not what they say. you said there's a pivot to the asia in the obama administration, most people would say there is? when did that happen? you have chinese jets circling our jets. you have the chinese navy expanding exponentially. you have chinese making extraordinarily extra territorial claims in terms of the -- their eez. they're building. their economy is now slowing down but you know, i think the obama administration, it may not have been a pivot but it's been a repositioning some of the pieces on the chess board because we need to do that. what's on the front page of the paper is isis, russia, is and i think this, that gentleman's question is further support for the argument that we'll probably see a big debate about

me and her father probably cried the most. >> reporter: in asia's memory the cothams say so far they have handed out 85 scholarships in amounts ranging from 500 to $2,500 a year and now they are just out with a new book, asia's new wings, the untold story of a young girl lost on 9/11. >> god bless you. god bless you. >> reporter: asia had big dreams. she was on her way to swim with the dolphins in california. she wanted to go to medical school to become a pediatrician. >> she did things in double time. maybe she just knew she wasn't going to be here long. >> reporter: where do you think asia would be right now? >> well, hopefully -- >> hopefully working, graduate from college and working. >> reporter: but every time a friend or a scholarship winner reaches a milestone asia never got a chance to reach, they celebrate. >> through the foundation asia lives on. she lives on in the hopes and dreams of everybody who receives a scholarship and what they do with their education and what they do with their life asia lives on. >> reporter: at the pentagon memorial bruce leshan, wusa9. >> wow. t

it's facing key territorial issues in the asia pacific region. he is off to the united states to take part in the u.n. secretary general assembly, and to meet with president obama for the first time. this comes as china and the united states is facing off over key regional and global issues. accountant to this is the sweeping influence of china from a region called the stripping of pearls in the maldives and sri lanka all the way through to central asia to countries like turge ebbingize tan. >> people have been killed after a fight in elab ra prison. adam raney has this report. >> reporter: riot police guarding the bolivian prison that has seen two riots in less than a week. these are some of the weapons found in a search of the cells. inmates and their families say the elab ra prison outside the central city is rife with abuse. often at the hands of police. >> translation: they simply abuse and humiliate us to obtain moneys, per fumes, everything we have. everything that we have earnt through sacrifices. we will not allow the return of police unt

the stores. all of that and more in this monday edition of "asia edge." >> i am david ingles. watching the markets in the region, especially hong kong. stocks poised for the worst day in months. we are seeing downside momentum building up. technicallso some things here. how things are holding up in a little bit. back to you. >> just a bit of breaking also coming through. beverage workers in a coca-cola factory are striking to support these protesters in the city center. are closings streets, disrupting public transport. in the past few minutes, we heard about these workers as well. let's just get you over to rosalynn chan down at the protests themselves. what does it feel like right now? >> it is pretty peaceful over here. there is generally a pretty good atmosphere. are resting and staying out of the heat, they are still occupying the highway, blocking out ways of getting into the central part of hong kong. in fact, stopping people to get into the government building. we are standing right in front of the government complex. there are a lot of people over there, that is the dr

military drills in the asia pacific region. it's held every two years. the drill involves 19 ships, including 2 aircraft carriers. more than 200 aircraft are taking part and 18,000 personnel. u.s. military officers say they aim to improve the overall operation skills covering sea, air, space, and outer space. this year's exercises will simulate all-out battles at sea. china has reportedly been trying to improve the capabilities of its naval power. the deputy commander of the u.s. 7th frites, rear admiral russell allen, is in charge of the exercise. he didn't mention china by name but said one of the goals is to prepare emerging challenges. >> against that emerging threat, yes, that is part of the exercise. >> the drills will continue through next tuesday. >>> chinese companies are featuring the capabilities of their drones. many are equipped with high-definition cameras for surveillance. a company from jung su province say theirs can fly for 12 hours and recognize 27 meters wide objects from an altitude of 500 meters. leaflets distributed by the firm show

>> well, the core mission, for which it was formed is to stabilize former central asia, the stan republics with their authoritarian, but secular regimes, which no one wants to see to crumble and be replaced by some kind of revolutionary islamic regimes, and of course central asia is a very mineral rich country. the region, china, has been buying up this mineral wealth. and gas and oil pipelines, and of course for china and for russia. especially for china now, now, everyone agrees, including the west. >> do you think that it's looking to expand that? shakeup the global order and the other organizations such as the u.n., the ims and the world bank, and maybe nato? >> well, russia was promoting the expanded role for the organization, and being right now an increasingly bitter prospect with the united states and it's allies, if russia wants to counter weight that with going east and establishing better relations with china, with other countries, and of course maybe using the organization too, the problem is that neither china nor the centralization an republics are really interested in such a

the asia pivot, there's a lot potentially in 20 years that people will look back on and say, you know what, they did some good there. but it's all economic. the public doesn't see it. this really is about trying to create a more stable environment. >> i know you're going to do a deep dive on this on "meet the press." >> we'll have a lot on isis, we'll hear from the administration, and also jim baker on, former secretary of state during bush 41. successfully built a middle east coalition. he knows the syrian problem very, very well. he's one of those not involved in the iraq conflict of '03 that i think has a lot of wisdom to provide. that's number one. also, hillary clinton's going to iowa so we're starting our meet the candidate series with bernie sanders. >> we'll look forward to that. what's at stake for her, by the way? >> i think it's her campaigning with her husband is always -- never gone as well as it could. i actually think that picture -- i know there's some hillary supporters are like, why's she making the trip with her husband? >> risk involved. >> because he is such a lar

i want to talk about the calculus of the asia society. the first and second beijing, taiwan, between them, us, australia? what are those rates of change right now? >> they are huge. the basic issue is china is growing. its military expenditures have gone up from about 20 billion per year in 2002 to at defense intelligence agency estimates that honest 250 billion today. -- almost 250 billion today. >> that is still one third of what it is in the u.s. >> it is, but they are a regional power and we are a global power. when you factor in their , likeng on one area anti-kerry or ballistic missiles, anti-laser technologies, it is creating much more of a balance in that part of the world than we have seen for the last 70 years. china's economic situation is growing. there will be the largest economy in the world whether it is 10 years or 20 years, it doesn't really matter. >> give us the latest on the issue.ruption is it affecting what it wants it to affect? >> that is the real question, what does he wanted to affect? if you are to ask, is this

he's determined to sign up to a free trade pact in the asia-pacific that would cover around 40% of global gdp. he hopes the trans-pacific partnership will boost the country's export. but the delegates are trying to iron out differences with their u.s. counter parts and the ministers of the 12 negotiating nations haven't met over the summer. experts say upcoming mid-term elections in the u.s. could cause further delays. one analyst says some investors now believe that the implementation of abe's growth plan is too slow. >> last year foreign investors purchased japanese stock more than 15 trillion yen. but this year, they sell japanese stock about 230 billion yen. and this shows that the foreign investors expectation to the abenomics is starting to fade out. >> reporter: abe faces another major challenge. he has to manage the country's debt that has expanded to a record level of around $9.6 trillion. the japanese government has a plan to raise the consumption tax to 10% next year. abe will decide by the end of the year whether he will carry on as planned. a further tax increase may drag dow

one of the reasons is attracting the middle east and southeast asia. would've seen it in this year. they have a relatively small muslim community around 2 million people. one of the main drivers to them inflows into the real estate market. different countries have a different drivers. the attraction of capital from the middle east and south is asia is one of the main drivers. as quickly growing as it should be. if you look at islamic finance, 80% is in the gcc. why is that? why has it been slow to international growth? >> if you look relatively speaking after the economy and the global economy as a whole, we have seen within the last 30 or 40 years within the islamic community and that has been a relatively fast pace of growth if you look at it but now, what we are saying is a broadening quiteinc. with the number large within the countries in africa in particular and north theca where they have possibility. i think a now we are entering the new phase where there is a potential where countries learn from the experiences of other nations. they can accele

as representative of the asia pacific bloc, we look for a strong outcome of the council summit on threatsto international peace manufactured security caused by terrorist acts shared by president obama this afternoon. another critical global focus may be an affirmation of mutual respect of in manufactured among religions manufactured peoples. the teachings of true islam are clear. sectarian violence is condemned. it prohibits violence against christians manufactured other communities that make up each country let me say once again, arab christians are an integral part of my region's past, present manufactured future, manufactured i call on muslim manufactured other leaders to work against falsehoods manufactured divisive actions. jordan is honored to have spearheaded global inter faith manufactured inter religious initiatives. building on this, jordan will introduce a draft resolution covering the general proposition that a new international offense falling under the crimes of genocide manufactured crimes against humanity be considered on the basis of the ab herns of new crimes against com

qatar is one of the states involved in the asia coalition against isil. saudi arabia is another member of that coalition. let's get more on saudi arabia's role in the fight against isil. joining me now, editor at large at the saudi gazette. thank you for being with us. as we've seen arab nations have set aside their differences to unite against isil. explain to us how united, though, are these nations given there is underlying tensions amongst them? >> well, i think there has always been underlying tension, but they united this time on paper, and for this project to see that the fight in the enemy that is for biddable, and that's a very savage and deadly enemy. but i think as was said this is a fight, not a military means, but i think fighting is ideologues and people who believe in what they're doing. i think it is needed more reforms on the ground and the arab states talking to the young people because if you see most of the foot soldiers in these savage organizations are young men and women, who also don't know what they're doing, but they're led by rut

but turning around the mobile business has now become an urgent task. >>> investors in asia are waiting for the outcome of the federal reserve's policy meeting. it's scheduled to be released later on in the day. most major benchmarks across the region finished higher. investors took heart from renewed speculation that the fed will keep its interest rates low for a considerable time. chinese equities ended higher. media reports say the people's bank of china is injecting 100 billion yuan. that's about $16 billion, into each of the country's five major state-owned banks. this action follows some recent lackluster economic data. and in hong kong, shares of these banks, including bank of china, and bank of communications, rose sharply. the hang seng index climbed 1% finishing at 24 sshs 376. the first raise in nine days. also indonesian shares showing a strong performance. the key index finished up by 1.1%. foreign investors were optimistic about the country's reforms under the incoming en they poured money into select shares such as telecom indonesia. tokyo's nikkei average shed more than

the way. shinko electric, moving on, a few other movers across asia. a taiwan-listed l.e.d. chipmaker. the c.e.o. coming out based on a report saying that revenue actually peaked in the second quarter, and we may actually see a single digit decline this quarter, third quarter, according to the economic daily, citing the chairman of the company. earnings concern there at hyundai motor. we had august sales coming out falling for the month. hyundai motor, of course, 2.4% on top of a lot of headaches that come with having a lot of these labor actions it's been grappling with over the past few weeks. >> indonesia's president-elect hopes to curb inflation in 2015 enough to allow a rate cut. let's find out more. bloomberg tv indonesia dahlia, very good morning to you. what are we talking about here? >> very good morning to you. inflation is recorded and expected. limited, significantly slower than 3.9% from the previous month. and inflation lower in two months, but would increase slightly in november and december. central bank targets inflation at 5.3% in 2014

the shellshocked loophole. good morning to our viewers in europe. good evening to those in asia. me to those waking up in the united states. this is "the pulse." we are here in london. what have we got coming up for you? the ryder cup tees off in scotland. we are going to look at golf's popularity program -- problem. european stocks stabilizing. there is little bit of green in europe. what is going on? jonathan ferro. --ibex >> is it going? >> they are green. losses yesterday. there is a risk to take one day's losses and try to blame everything. the best thing we can do is look at the macro side of things. not great on both sides. that is the story. look at the french pmi. contraction territory. that is not pretty. there are business confidence is an consumer confidence is trending lower. we need to think about bad news does not mean good news because the central banks will not do more. the bank of central japan providing a crate -- a case study on currency. not much good stuff happens on the other end. morning,we are this wall street flatlined a little for most of the afternoon,

the crews operated good results driven by on-board spending and a stronger performance in the asia division, shares rose a fraction to 40.51. and fertilizer company in preliminary merger talks with norway's yara, also a fertilizer producer, they say there is no guarantee that any deal could come out of these discussions. still, shares popped 5% to 269.37. >>> deer says it is thinking over strategic options for the low margin crop insurance business and it has hired citigroup as an adviser. the revenues have been falling as farmers hold off from buying new products because of lower expectations for commodity prices and harvest. the stock lost a fraction. >>> and ftc may be looking to block the planned merger of cisco and foods. they are concerned that combining the nation's two biggest suppliers could threaten competition. shares of cisco off to 36.75. >>> and proctor & gamble selling eukanuba to spectrum brands. they say exiting the business will help to focus on the core units. the financial terms of this particular deal were not disclosed. shares down a little bit. 84.44 at the close, fac

mcdonald's says its global sales fell in august to almost 15 percent drop in the asia pacific region. world's biggest hamburger chain says a food safety scandal in china really damage its reputation in the country. back in july, a food supplier was caught repack aging expired meat. popular on line marketplace is banning redskins name and logo from the site. in a state, etsy says native american groups find the term unacceptable so it will no longer be permitted. ukee and erika. >> jill, thanks very much. we will get back to you later this morning. >>> in other news delaware has its candidate... for november elections. kevin wade defeated karl smilk milk to win republican nomination. he will face incumbent democrat chris coons n race for state simmer, ken simpler, he will face shawn barn any november. for more results from the delaware primary go to cbs philly to the come. >>> alarming new information in the healthwatch about teenagers and marijuana use. australian research are found teens who smoke marijuana every day are more than 60 percent less likely to finish high school. they ar