introduction by eight the editorial director of public affairs and he is the one talking with bling westpac california berkeley and they came up with the idea together. roker i've edited the book and clive said he would write the introduction he has written several books for us at public affairs and seemed to have the right touch. >> host: let's pick one page and you can explain it. as i lay on dead and dying to mine there were a lot those on the contributions and a lot of contributions from certain authors. i don't know if i have that to right in front of me but i know if we come over here these people have that information. do have the sheet of the titles? that is what we're looking for write now. >> host: micki, woody working on? >> guest: the digital audio edition ibm way teeing for a final audiophile to come from michigan and i will prove them into the right here in the booth with headphones and then i wall upload them and let all of the vendors know that audible music is on the drive they can pull down the files and put them on their side and we will have the audio edition. >> host: y

i was now jack mclean, 0313 westpac. i quietly sing feith cadence to myself, one, two, three, four, united states marine corps. this is what we asked for. 3,076, we are the best of all the rest. it left, right, left. left, right, left. i silently hoped, prayed i would remember half of what sergeant bolten had told me. that's my arrival in country. the battle for blank erupted in three days in june, 1968. we landed significantly 41 years ago today. this was the first day of the battle. i have two other pieces, one brief and one a little bit longer. i'm obliged lima. can do anything i want. given the day and given this battle, this terrific battle in which 46 american boys were killed began today. i will read just a piece from the night before the main battle began. some of you may have read or seen three weeks ago just coincidental to the publishing of this book we buried the last three victims from the battle for lz loon in arlington cemetery with full marine corps military honors. their remains were identified, recovere

. >> james shugg, economist at westpac bank. >>> monex saw a 34% slump in the april to june quarter the company earned 1.4 billion yen or $14 million. joining us in a first on cnbc interview is the ceo himself, oki matsumoto. thank you for joining us. your earnings are dictated by what's happening in the equity markets. do you think the worst is over? >> i think the worst is over. compared to the same quarter last year, still the revenue is slightly down, but compared to the previous quarter, actually 2 top line was about 30% better. soble the japanese are better. and i cthink, you know, it's coming back now. >> do you think earnings will be enough to support in upturn we're seeing in the japanese equity market? >> well, the japanese equity, as you know, there are lots of uncertain political environments right now. so i believe earnings will be better, but it's not very clear how the markets will react going forward. >> what sort of clarity do you need to see in terms of where your direction will be headed? >> well, i think, you know, possible we need to -- i mean, the market needs to c

. >> james shugg, senior economist westpac bank, thanks for joining us. you have a good weekend. >> let's talk more about the country plunging into deflation as consumer goods continue to weaken in japan. the boj has forecast two years of deflation. what does our next guest think? we're joined from luca. first of all, we have consumer prices continuing to fall. unemployment, jobless rate at a near all-time high. are things likely to get much worse in the coming months in japan? >> no, i don't think so. i think that surprises are going to stabilize and inflation is going to -- deflation is going to stabilize. we will see a negative number of deflation on year on year price changes for quite some time. but following a little bit what happens in other countries in asia where we should see jump or just like an increase in deflation in the next six to 12 months, i think the numbers in japan will stabilize inflation. keep in mind that japanese companies and japanese consumers are used to deflation situation and so i think that deflation and moderate deflation a

and let's bring back james shugg, senior economist at westpac bank. james, let's focus our attention on the united states. yesterday, dismal retail sales news. what's your outlook for the u.s. right now? >> look, our sense, i'm afraid, is that the uk economy -- or the u.s. economy, although there's a lot of talk about so-called green shoots, we're not seeing them anywhere, other than maybe in the housing sector. but even then, the increase in housing sales that we're seeing is really just the stressed sale of foreclosed properties at real knockout prices. but whether you're looking at the factory sector, autos, employment, all we're seeing is evidence that the u.s. economy is shrinking at a slower pace. there's no evidence yet that we're in a recovery mode. our view is that the economy slank at probably a 3% annualized pace in the second quarter. in the current quarter, we're looking at another shrinkage. maybe only about 1%. but we're not expecting to see a return to positive growth and it will be meek, mild growth of maybe 1% annualized until the fo