toray is spending more than $800 million to build a new carbon fiber plant in the u.s. to meet demand from aircraft makers. the two companies also signed an agreement to jointly develop carbon fiber for next generation aircraft. >>> many auto parts makers are look to the skies and seeing new opportunities. they are hoping it will revitalize the domestic aviation industry and give them more work. nhk world's -- has the story. >> reporter: the mitsubishi regional jet, or mrj, as in this plane, it represents japan's companies to enter the commercial jets industry. >> translator: this world-class, made-in-japan product has finally become a reality. >> reporter: the mrj can carry about 17 to 19 passengers and has good fuel efficiency. it is expected to fly short distances in developing countries where demand is high. mitsubishi has already received more than 400 orders from airlines in and outside japan. many auto parts manufacturers expect the domestic aviation industry to grow once mass production begins. hiroshi yamaguchi is one of them. he runs a metal processing plant.

japanese tech stockmaker toray industries has agreed to provide fiber to boeing. the contract is worth over $1 trillion yen, roughly $8.6 billion. toray's president says his company will provide the carbon fiber for boeing's next generation 777-x passenger jet. in addition to the 787 dreamliner. he said the firm will extend its current supply yield which was to end in 2016 to last more than ten years starting this year. toray is spending more than $800 million to spend a new carbon fiber plant in the u.s. to meet demand from aircraftmakers. the two companies also signed an agreement to jointly develop carbon fiber for next generation aircraft. >>> okay that is going to wrap it up for biz tonight. i'll leave you with the markets. >>> every morning investors turn our attention to asia. the 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. and analysis by specialists from around the world. >> get all the

. >>> toray industries have has agreed on a major deal to supply carbon fiber to boeing. the contract is worth more than 1 trillion yen or about $8.6 billion. toray president said his company will provide the carbon fiber for the boeing's 777 x passenger jet in addition to the 787 dream liner. he said the firm will include its current supply deal which was to end in 2016, to last more than ten years from this year. they are spending more than $800 billion to build a new carbon fiber plant in the u.s. to meet demand from aircraft makers t. two companies also signed an agreement for next generation aircraft. that's the latest this hour. i'll leave you with a check on markets. >>> every morning, investors turn their attention to ace. the tokyo market leads the way and markets around the world follow. >> to the companies at the forefront of change. >> up to the minute market reports. >> and analysis by specialists from around the world. >> get all the latest business news in insight every day here on "newsline." >>> the new international school in japan are looking to -- the

in earnings-related movers we were following textile maker toray.ut suzuki motor on the flip side fell after operating profit came in a little bit below analysts' expectations. quick look at dollar/yen as well. seeing a lot of volatility in that pair. 115.20-25. u.s. currency has gained three yen this week against the dollar and could rise even more if u.s. jobs data beats estimates. let's have a look at asian markets as well. hong kong's extending its losing streak for i afifth day but as i mentioned the nikkei looks set to rise for a third week so we'll keep track of that. seoul, shanghai, and australian indexes also trading higher. that's all for me. back to you. >> thanks a lot for that update. ramin mellegard there reporting on the morning's market moves. >>> some japanese business people are thrilled at the direction the yen is taking. they see good times ahead. but others are wringing their hands. >> translator: the weaker yen is definitely good for machinery makers like us who rely on exports. >> translator: this is terrible for our business

the biggest gainer, toray industry, has confirmed that it won a one trillion order from boeing. it also makes cycles for the tour de france. australia is falling 0.5%. japan is falling the most with 2%. we look forward to excitement and a bit of caution, hong kong and china when it comes open in about 10 minutes time. we look forward to reaction to that. backed of these live pictures, this is the ongoing ceremony. that is the hong kong chief executive. the hong kong-shanghai connect is now underway. leung very much part and parcel of this opening ceremony. >> the new market access -- one, -- [inaudible] hong kong has the combined advantages of one country and two systems. we offer the unique feature -- [inaudible] we are the connector between the rest of the country and the rest of the world. it will be an upgraded version of hong kong as the connector to and from china. the government will now work with the central government. [inaudible] i offer my sincere gratitude. once the soft connect starts, there will be close monitoring by the government. thank you. [applause] on the ho

clubs, and crucially, the man who won the tour de is made fromike the carbon fire that is made by torays. >> talk about diversification. they've got it all. >> top of the charts. >> all right. we will see how it looks later on. that is the verdict from the stock exchange. basedporters' picks are on news events. we will count on to the shanghai-hong kong stock connect less than 30 minutes away. that is up for "first up." "on the move" is coming up. we have plenty more coming up. have a great morning. ♪ >> good morning, everybody. we are live in hong kong. i am rishaad salamat and this is "on the move." 30 minutes to go, the hong kong-shanghai connected ready for launch. into recession, japan's economy shrinks again. the odds rise of a snap election. g-20 leaders promising to create growth and jobs. we have got breaking n