let's get the latest from ai uchida. fill us on what is happening here. >> many investors were disappointed that trump did not clarify details about specific policies and that some even became cautious as china and mexico were grouped together as the source of the u.s. trade deficit. what we're seeing this morning here in tokyo is the classic risk-off move as investors sell stocks and buy the yen. the nikkei is trading lower. it's down 1.21%, 19,130. most sectors are lower, especially pharmaceuticals are seeing losses as trump spoke about the need for the government to stem drug costs. let's check out currencies. the dollar briefly plummeted from the upper 116 yen level to the lower 114 yen level after trump's news conference and that is as his remarks lacked policy specifics. right now, it's at the very lower end of 115. the dollar is weaker against other major currencies, like the euro and british pound. the euro is also lower against the yen. moving on to markets opened this hour in the asia-pacific, we're seeing mode

uchida. what did they talk about? >> they discussed president-elect donald trump and his policies how they could affect the economy. we're learning that almost all agreed there is a greater possibility the economy could get a boost. as for an economic forecast, participants emphasized their considerable uncertainty about the timing, size, and composition of any future and future fiscal and other economic policy initiatives. but almost all participants indicated that the upside risks to the forecast for economic growth had increased as a result of prospects for more expansion their fiscal policies in coming years. trump has been pointing to a push for fiscal stimulus such as a huge infrastructure investment. the policy makers pointed out the possibility of raising interest rates more quickly depending on economic conditions. and to get a better idea about future rate hikes, market players will be watching for details of trump's policies. they'll have an eye on rust jobs data on friday. officials say inflation rates are

to find out more, let's go to ai uchida. >> they are certainly scrambling and trying to figure out how to strengthen their capital base. we heard from them earlier about possibly selling one part of their business. now we are hearing that they are considering postponing and separating assets. by doing that, the company aims to earn more than $2.6 billion. this plan comes after executives revealed they are considering spinning off their flash memory operation in central japan. toshiba plans to present it to its main lenders to ask for support for fundraising. the company's losses stem from the nuclear power operations in the u.s. >>> the u.s. federal reserve chair janet yellen has given an upbeat assessment of the country and said a rate hike could come later in the year. they say that the country is getting closer to maximum employment and inflation is nearing the fed's goal. >> many of you would love to know exactly when the next rate increase is coming. and how rates rise will depend on how the economy evolves over the coming months. >> yellen talked about the dollar after the speech

my colleague ai uchida earlier spoke with the president of the institute for international monetary affairs and has been heading the japan bank for international cooperation until june. >> now when we asked you about possible risks to the global economy, you mentioned that 2017 was the year of the rooster. we're going to call it the year of the chicken. and you've listed your customers as an acronym. let me first quickly go over this. "c" for china and big uncertainty. "h," heightening tension in the middle east. "i," inequality. "c" continuing low interest rates as well as inflation. "k," korea's in danger. "e," european fragmentation. "n," no global political leadership. we will get to that in a bit. at the top of the list, "c," china and big uncertainty. the economy in china has seemed to recover somewhat due to government stimulus measures. what are your concerns now for china? >> china's economy has been losing some power in the last two years. you mentioned about some of the government intervention has been working but still there is no solid policymaking for the coming years. some pe