yoshihide suga isn't ahead in opinion polls, but he has the support of key factions within the party who will decide the succession. local media reports the contest will be held on september 14. china's charm offensive in europe may have backfired. the visit of the chinese foreign minister culminated in a tense exchange in berlin yesterday when he was confronted by his german counterpart for saying they would pay a heavy price for a visit to taiwan. would not beurope intimidated. global news 24 hours per day powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. francine: a week after two protesters were fatally shot in kenosha, wisconsin, president trump visited and applauded the police and national guard. the visit came over the objections of the mayor and the governor, both democrats. the president did not meet the family of jacob blake, the man shot in the back by the police. president trump: the people of kenosha want change, they want to see law and order. they want great police force. they want people that are g

a new prime minister of japan as yoshihide suga takes over for shinzo abe.any expecting little deviation from the past set out by his predecessor. it's time for sports now. the news that has thrown a twist into the tour de france. defending champ has annnced he is dropping out of the race. harding, who is race.ng the stage 17 is kicking off i believe you are at a pretty steep location, could you tell us more about where you are? simon: i have almost 2000 meters of. -- up. cameraleague behind the will show you the picturesque scenery that there is behind me here in the french alps. the second m mountain statate -e stage in a series of three grueling legs in this final week of the tour de france. don't be full by the beautiful scenery. we were able to take the road the riders s will have one hella ride up this mountaiain gradien. climb to o get up to where i am right now. it iss g getting to be very complicated. climb,his uatategoreded the harder one. .hat will be even higher u up 2300 meters. 21 k kilometers up. they willstage where be hoping they could maint

this was the highlight of yoshihide suga's career, until now.s the uncle. to 71—year—old has long played a central role in shinzo abe's administration but many people say he lacks charisma. that said, after shinzo abe announced his resignation, four of the five biggest factions within the ruling party have endorsed mr suga, and that means he will most likely emerge as the country's next prime minister. other signature economic reforms became known as abenomics, so what might be known as suganomics. translation: i intend to further my predecessor's policies and further promote them. they include pumping money into the market and making credit more accessible. but yoshihide suga may be more open to lifting the minimum wage. he is also focused on controlling the strong yen, and he was behind a move to over japan's doors to foreign workers. what about the other candidates running? so far, there have been more questions than answers. translation: how should we distribute the fruits of abenomics? how should we address the inequalities aggravated by th

up next, yoshihide suga is set to be voted in as japan's new prime minister later.e are on the ground in tokyo for a preview. this is bloomberg. ♪ ♪ we are getting breaking news when it comes to facebook. the federal trade commission is preparing an antitrust suit against facebook. we are hearing they could file it by the end of the year, according to people familiar with the matter, in a case that would challenge the company's dominant position in social media. we are hearing the preparations are coming after the ftc spent more than one year proving these concerns facebook has been using its powerful market position to stifle competition. of thisat the conduct handful of hugely dominant tech companies are the people familiar with the story say there has been no final decision made whether to sue facebook. the commission does not always bring cases even when it is making these investigations and case preparations to do so. it decided against filing a complaint against google in 2013, despite taking part in a lengthy investigation. facebook is still in the process of

laura: breaking news this morning, japan's chief cabinet secretary yoshihide suga has won the race toed by the ruling liberal democrat party. the group will install suga in a vote. turkey's credit rating has been dumped into junk by moody's, warning of a balance of payments crisis, assigning the lowest grade it has ever given to the country, b2, five levels below investment grade. uk's rule of six comes into place. sharply at aing pace not seen since may according to the institute for employment studies come at u.k. faces twice as many job losses in the coming months than the session following the financial crisis. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. anna: thank you very much, laura wright in london. let's get the latest on europe's political outlook with our new weekly segment taking place every monday. it is called the brussels edition. at the son of every week, we will bring you an essential need to know guide to the political week ahead in the 27 countries th

yoshihide suga may be 71 years old. vested interest and blind adherence to precedent", he says. "i want to form a cabinet that will work hard for the people." mr suga is best known as prime minister shinzo abe's long serving and grim faced spokesman. a man with no hint of charisma but according to those who know him, a man with a ferocious work ethic. this is a man gets up at five o'clock in the morning, does 100 sit—ups and then reads all the newspapers and by 6.30 he is starting meetings with businesspeople, advisors, with outside economists. he absorbs like a sponge and wants to get things done for the country. he is not interested in any of the glitz or bling that comes with modern government. that is all well and good but the problem for the new prime minister is that his election was essentially a stitch—up by the party bosses in smoky back rooms. the japanese people have had no say in the matter. suga's rise to power has only happened because shinzo abe stepped down unexpectedly. he will now need to prove himself

for now, the world will have to get used to remembering the name yoshihide suga.. it appears the monkey thought the phone would make an interesting snack, but he apparently didn't find it very appetising. the culprit seems to have fired off a series of selfies, but, inevitably, got a little bored with the whole process. the man found his phone when he rang the number and discovered the phone in the forest. to the sinai desert now where hundreds of bedouins gathered to race their camels after a six—month break due to coronavirus. more than 500 camels were loudly cheered by their owners during the race events which were reinstated from the beginning of september. the camels ran around a two kilometre track, followed by spectators and owners riding in vehicles to get a closer view of the action. camel racing is a popular traditional sport in many arab countries, most notably in the gulf region. and briefly, our main story again, the uae and bahrain have signed the medical agreements with israel at the white house ina with israel at the white house in a ceremony overs

in japan, in around 25 minutes time, yoshihide suga is expected to be confirmed as the country's neweneral election and seek an electoral mandate of his own. let's go to our asia business hub in singapore, where sharanjit leyl has more on this story for us. this is a change in leadership and the first for some time? that's right. it is something closely watched in asia, despite the fact everyone knows it isa despite the fact everyone knows it is a done deal. there were other contenders but yoshihide suga was the favourite of the party bosses at the ruling democratic party and he was essentially elected on monday by them so what is about to happen is a vote in parliament where yoshihide suga will be rubberstamped as prime minister giving the ruling party a majority in parliament. he has spent decades in parliament, most recently as chief secretary, the equivalent of a communications director, vp, all rolled into one. he will have challenges ahead, including an economy stricken by the coronavirus pandemic which perhaps because of the cancellation of the twenty20 olympics. in terms of w

japan has a new incoming prime minister, as the governing liberal democratic party elects yoshihide sugao replace shinzo abe. the prime minister's former top legal advisor says he's vote against a bill that would enable the government to break international law, by overriding parts of the brexit withdrawal agreement. a survey of 8,000 doctors in england suggests most believe there'll be a second peak of coronavirus cases within the next six months. high winds threaten to spread devastating wildfires even further across the west coast of the united states. social gatherings of more than six people will be banned in england from today following a steep rise in coronavirus cases. the new law will apply to people meeting in private homes — indoors and outdoors, and places like pubs and restaurants. there will be some exemptions — schools and workplaces. if you break the rules, you could be fined a £100, which would double with each offence. leigh milner has more. jenny and tom from lincolnshire have four children. today's changes mean they now won't be able to socialise together with other f

this is bloomberg. ♪ francine: yoshihide suga is set to be japan's new prime minister.inet secretary overwhelmingly wins the party's race to succeed shinzo a bay that shinzo abe. nvidia will buy arm, and there is a report that ubs is exploring a merger with credit suisse. both banks declined to comment. and boris johnson prepares to send his brexit lawbreaking proposals to parliament. the justice secretary warns he could quit over the issue. investors now await the boe rate decision on thursday. good morning and welcome to "bloomberg surveillance." i'm francine lacqua in london. tom keene is in new york. tom, there is a lot of news for monday money. tom: huge news flow. francine: -- there is a lot of news for monday morning. tom: huge news flow. francine: i'm very focused on the swiss bank. both banks have not talked about it yet, but huge news should it come to fruition. tom: it

yoshihide suga looked certain to become the next prime minister.nalysis, we are by the former japanese ambassador to the u.s., ichiro fujisaki. thank you for your time today. we have heard about the potential of yoshihide suga becoming the next prime minister and how that would mean a candidate of continuity, whether oris for the economic policy domestic policy in general. what does that mean for foreign policy? mr. fujisaki: good morning, thank you for having me. if he becomes the prime minister, and it looks almost is continuing foreign policy as well. >> what does that mean for the u.s.-japan relationship? jobnow abe has done a good despite the challenges from the trump administration. think u.s.-japan relations will not change because of two reasons. mr. suga has been chief cabinet secretary for eight years. chief cabinet secretary means like chief of staff in the united states. engine of thee administration. the second reason is even if the leader changes, we cannot afford to change the policy with the united states around north u.s.-japana, r

. ♪ >> yoshihide suga is expected to be installed as japan's new prime minister on wednesday.he question now turns to his picks to help run the country. jeremy joins us from tokyo. what do we know about the likely cabinet lineup? is it going to be a continuity lineup as well? >> now that yoshihide suga has been elected the president, he will form a new cabinet and the names of the likely ministers are expected to trickle out later today. he has said he wants to appoint reform-minded people who could come from any faction. so far reports are that he plans chairman the committee and -- in a leadership reshuffle. he also plans to name a form early affairs and communications minister as chairman of the party's general council counsel and the currents committee strategy chairman will take over the party's chairman counsel title, replacing his election rival. >> and we know that suga has pledged to continue with abe-nomics but what does that mean? because at the same time he wanted lower cell phone fees, which doesn't help with the inflation target, does it? >> that's right, he's be

japan's ruling party picks a new leader today, frontrunner yoshihide suga

japan's governing party has elected yoshihide suga as its new leader to succeed shinzo abe. has a majority. for some it's cause for early celebration. one twitter user shared this comparison — saying "big news out ofjapan — new cakes to celebrate suga yoshihide being elected as japan s new prime minister are already available." i think very very good likeness, which made me think that look, if the prime minister of japan which made me think that look, if the prime minister ofjapan can have his face and a cake, why can't i? i am going to miss him the first of all, you've got a cake. you've got a cake. mine is a chocolate cake, yours is a carrot cake. obviously, because mine, you have carrot flavour. i am going to miss shinzo abe, i'm sure he has done a lot to reform japanese trade and diplomacy, but this is what i will remember him for. this is the board back from canada. oh, my goodness. that was so much fun in the bank it in and there has never been a greater move towards diplomacy with canada than that from shinzo abe. see you tomorrow. hello. high is set to stay in control

japan's main ruling liberal democratic party has elected chief cabinet secretary suga yoshihide as itser. the ldp president is virirtuall guararanteed t to succeed prime minister abe shinzo, who is stepping down because of health issues. suga has been serving under abe for nearly eight years. he h has pledged to carry on th current policies. diet members will vote wedednesy to pick the new prime minister. suga will almost certainly win, sincnce both houses are controld by an ldp-led coalition. japanese business leaders have been expressing what they hope to see from suga. the chairman o othe japan businessss federation wants sug to stop the fururther spread of cororonavirus infefection whileo woworking on economic recovery. nakanishi added he wants to see bold growth strategies, including digital transformat n transformation. the leader of japanan industry, mimura akio says stability and continuity of policies are important when the country is experiencing difficult times. mimura hopes suga will show strong leadership so people in japan can have a bright future after the pandemic subsi

yoshihide suga's firstjob was to pick a new cabinet.e policy of giving most of the top jobs to men. here's rupert in tokyo again. it is a careful balance, representing all of the major factions in the ldp who supported the vote for him to become prime minister, and that's already leading to speculation here that mr suga is really going to be controlled by the faction leaders in the ldp who got together in a back room to make him the new prime minister. thanks to rupert on that. in the next half an hour on outside source, we will turn to what was our lead story yesterday. the flags of two arab countries have been protected on the walls ofjerusalem's old city after they signed an agreement with israel. the deal has, as you might imagine, divided the arab word. —— arab word. related to that, there has been in israeli air strike on gaza. both hamas and fought dominic —— and fata have condemned that deal, saying... the ambition for many palestinians is that they would have their own state. they see the steel, signed in the white house yester

the absolute front and for the moment is yoshihide suga, who has been the chief cabinet secretary forother two major contenders are his first foreign minister fumio kishida and his former minister at large for economic reconstruction shigeru ishiba. i know shigeru ishiba was shinzo abe's chosen, or rather, the public‘s favourite. who looks set to win or who looks or has looks pretty strong in campaigning coachella i think campaign wise, suga looks the favourite. but i think... suga has been the party favourite to serve out the continuity. suga initially, when mr abe announced he was go to step down, said he did not want the post at all. and there are questions also, because any mr abe did shut down a lot of questions from journalists. is there a chance we could see more of this with mr suga? i doubt that. i think ms. -- i think —— i think suga knows he is being watched very closely. the putting on his performance in the next 12 months or so, he could open themselves up to serve the new term is the prime minister, so he would be very careful in treading many things. that includes certa

largest faction of japan's ruling liberal democratic party has backed chief cabinet secretary yoshihide sugader. the leader of the ldp will almost certainly become prime minister because of its majority in the lower house ofparliament, replacing shinzo abe who on friday said he was stepping down for health reasons. steve bannon, a former advisor to donald trump who's charged with defrauding a crowdfunding campaign to build parts of a wall along the us border with mexico, has been told his trial will begin next may. mr bannon is one of four people accused of using hundreds of thousands of dollars to cover personal expenses. all deny the charges. also in the us, a couple who allegedly aimed guns at black lives matter protestors in front of their house in missouri have appeared in court. mark and patricia mccloskey are accused of unlawful use of a weapons, an offence which has a maximum penalty of four years in prison. in the wake of the incident, they were given a prominent speaking slot at the republican national convention. australia's foreign ministry says it has been in contact with an aus

largest faction of japan's ruling liberal democratic party has backed chief cabinet secretary yoshihide sugader. the leader of the ldp will almost certainly become prime minister because of its majority in the lower house of parliament, replacing shinzo abe who on friday said he was stepping down for health reasons. steve bannon, a former advisor to donald trump who's charged with defrauding a crowdfunding campaign to build parts of a wall along the us border with mexico, has been told his trial will begin next may. mr bannon is one of four people accused of using hundreds of thousands of dollars to cover personal expenses. all deny the charges. a couple who aimed guns at black lives matter ‘s protesters have appeared in court. mark and patricia mccloskey are accused of unlawful use of a weapons, an offence which has a maximum penalty of four years in prison. in the wake of the incident, they were given a prominent speaking slot at the republican national convention. australia's foreign ministry says it has been in contact with an australian citizen working as a high profile news anchor in c

minister the new prime yoshihide suga was elected leader of the liberal democratic party.he party will use its majority sugarliament to install as prime minister monday. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ ♪ trump: i have spent the last four years bringing jobs back to america, securing our borders, rebuilding our military and standing up to china. nobody has ever stood up to china like we have stood up to china. you have not seen the last of it. jonathan: that is the campaign pitch from the president going into an election less than two months away. equity futures shaping up as follows. the500, two hours away from opening bell, futures positive. 1.23% after two weeks of losses. last week, european outperformance we can talk about later. --market, the euro during the euro doing nicely. even with pushback in the president. the bond market unchanged. in the middle of that, your 10 year-year-old -- 10 year yield. tom: money is f

the administration of prime minister yoshihide suga.,he was secretary under he was well-known for attacking the profit margins of japan's mobile carriers. the profit margins are quite attractive, quite extraordinary. he campaigned over the last several years for the mobile carriers to reduce the fees that .re paid by customers in japan one government survey, around six cities around the world. they found that data heavy users in tokyo were paying more than three times for their monthly mobile bills. make a taxued to carriers made from concessions to him. primehe became minister, he was reducing mobile bills and that was one of his key policies and it seems ntt has decided to bite the bullet and take docomo private. haidi: gearoid reidy in tokyo. business flash headlines this hour. huawei's cfo resumed her fight against extradition from canada claimsu.s., saying -- are so flawed they should be dismissed. she is accused of tricking hsbc into processing transactions that left it open to violating those sanctions. is counterp lvmh suing tif

suga yoshihide met with relatives of the abductees on tuesday for the first time since he took office>> translator: i will personally lead efforts to bring back all ththe abductees as soon as s possssible. i won't miss any opportunities to achieve a breakthrough on this issue. >> suga told the families he's already asked for support from the leaders of the u.s., china and south korea. the japanese government says north korean agents abducted at least 17 japanese citizens in the 1970s and '80s, five were repatriated after a bilateral summit in 2002 but the rest are unaccounted for. one woman's father brought international attention to the issue leading the campaign to repatriot japanese abductees before his death in june. >> translator: my husband did his best until his dying day, but he was unable to see our daughter again. now in heaven i believe he's still yearning for her return. >> the younger sisteter was abducted by nororth korea inn 1. he said he's followed japanan a north korea's negotiation for years but hasn't seen any tangibleprogress. >> translator: i told the prime minist

of the three main contenders, suga yoshihide is the only one who o sn't born into politicics. his family owns a strawberry farm in northeastern japan, and his first job was at a cardboard factory. suga broke into the political world as a yokohama city counselor before winning a diet seat in the 1996 lower house election. yeyears later, he would become part of abe's firsrst cabinet, serving as the minister of internal affairs andnd communications. he would eventually push for abe to r return from the p politica wildererness. the prime minister resigned in 2007, but support from lawmakers like suga helped him regain leadership of the party five years later. suga became a key face in abe's next government, which would become the longest in japan's history. as the top government spokesperson, suga was the one to announce the name o of japap latest era, reiwa. the moment earned him m interne fame and a an uncle reiwa nickname. now in his first ever r leadersp race, suga has pledged to carry on abe's policies. kishida fumio won his first lower house election at the age of 35. a forme

in asia overnight markets were fairly flat yoshihide suga new president of japan.awsuit against facebook, jackie deangelis with the details. jackie. >> federal regulators could anows that lawsuit by the end of the year that's according to "the wall street journal" looking into the company acquisition and treatment app developers apartment of a wider investigation and sources tell journal no final decision has been made on whether fcc is watching facebook and premarket they are down one and a half percent. meantime u.s. justice department joining investigation into electric semitruck research says that company misled investors with exaggerated claims about its technology just last week nicole announce a two billion partnership with general motors. those shares are down in premarket trading almost 8% this morning, and strike reportedly offering a 20,000 dollar bonus to workers who move from expensive cities like new york city, san francisco, and seattle by the engsd of the year. but of course there is a cash here. the payment processing company will cut the workers n

in japan, the parliament has elected yoshihide suga to be the country's first prime minister in almost eight years. he will replace shinzo abe, who stepped down for health reasons. he will lead the world's third-largest economy as it tries to recover from the coronavirus pandemic. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i am ritikantries, gupta. this is bloomberg. retaken, equities, bonds, currencies, commodities. really led by technologies, futures up 15, dow futures up 94 as well. i want to focus on what chairman powell is going to focus on, ,hich is the top lines yield 0.6 8%, nowhere since time began. then you have inflation nudging up nicely in the united states compared to europe, and you end up with a real yield. do the mathematics, it is real simple. -.9995 on the 10 year real yield, and that is germane to all watching the fed meeting today. francine? francine: european stocks are edging higher. it is all about the fed and seeing whether we have more clues about what to do next in terms of inflati

the parliament of japan elected yoshihide suga today to be prime minister.had long been the top aide to shinzo abe, who resigned as prime minister due to chronic illness. after his election, suga promised to focus on the pandemic and economic troubles. he also called for even closer ties with the u.s. the u.s. justice dartment has with computer hacking more than 100 companies and organizationst u.s. and worldwide. the five suspects remain at large.at invests say they found no direct connection between the hackers and the chinese government. today it has no pl raiseunced interest rates, at least through 2023, in order to boost economic growth. chairman jerome powell said the economy has recovere quickly than expected, but the outlook is still uncertain. >> the labor market has improved but its a long, long way from max employment and it will be some time getting back there. tothink that's the best wa think about it. in many parts of the economy, there's just a lot of disruption and its very hard ot say where we are. >> woodruff: powell also urged congress to

in japan, yoshihide suga is expected to become the country's new prime minister after winning the ruling liberal democratic party's leadership contest in a landslide monday. suga is expected to take up his predecessor shinzo abe's push to revise parts of japan's pacifist constitution. suga supported laws allowing the military to join combat operations with japanese allies. he is also seen as one of the most pro-immigration politicians in japan. a large chunk of ice, twice the size of the island of manhnhatt, has broken off the arctic's largest remaining ice shelf in greenland. last month, scientists said greenlanand's ice shsheet has sk past the point of f return. in related news, u.s. government scientists s said this summer oke the rerecord for hottest ever in the northern hemisisphe. in brazil, thousands of fires in the world's largest wetland have scorched more than 5.8 milillion acres of some of the planet's most bio-diverse land. the fires in brazil are often set to clear land for logging and farming but have been exacerbated by severe climate change-fueled drought. conservationist

. >> yoshihide suga knows the ins and outs because he's been his right-hand man for the entirety of thesetting term. he knows what to do with the job. he will essentially be a continuation of many of shinzo abe's policies. now, whether or not that is good or bad for the ruling liberal democratic party depends on how the government perceives its new prime minister. although he will not officially be named prime minister until a vote on wednesday, but basically all but a shoo-in at this point because he is the leader of the ldp and the ldp has a majority in parliament. there are a lot of challenges facing suga right now. from japan's economic issues, the recession as a result of the covid-19 pandemic, the pandemic itself and, of course, tokyo 2020. >> translato >> reporter: he's known in japan as uncle reiwa. had the honor of announcing the name of the next imperial era. shinzo abe's right-hand man says he's the one most in sync with the outgoing prime minister and the favorite to take his job. >> is there anyone else in japan right now knows how to be the prime minister, at least in term

chief cabinet secretary suga yoshihide visited the offices of party lawmakers to seek their support. uga is also connecting with local party members online. ldp policy chief kishida fumio visited the northeastern prefecture of miyagi. he met local rice farmers who are worried about low demand for their crops amid the coronavirus pandemic. >> 394 ldp lawmakers have votes in choosing the new party leader. in addition, local chapters in the country's 47 prefectures will have three votes each. suga appears to be the front runner after securing support from major ldp factions. next wednesday, the new party president will be virtually assured to win the vote for prime minister in the diet as it is controlled by an ldp-led coalition. the person will succeed abe shinzo who announced last month he is stepping down to deaeawith health issues. ♪ >>> walt disney is facing a backlash over itits release of e of the bigiggest movovies the year. someme criticscs are calling fo boycott t of the live action remakef f "mul" bebecause e e film wasarartial fililmein a chinese regionhehere oiciaials haveee

ministry in pyongyang published a statement on the matter hoursrs after japanese prime minister suga yoshihide met with the affected families. the statement criticized suga for saying he intends to keep his predecessors policies in place. it called the policies extreme and said they are aimed at isolated north korea. the meeting was suga's first with abductee families. he pledged to make every opopportunity y to break the deadlock. the japanese government says north korean agents kidnapped at least 17 japanese citizens in the 1970s and '80s. pyongyang repatriated five of them in 2002. but the rest remain unaccounted for. >>> people in south korea are kicking off a holiday weekend. but the government is urging them to avoid travell due to o coronavirus. millions of people normally crisscscross thehe country to ad family gatherings during this holiday, but t the prime minist is calliling on the pupublic to respect social distancing rules and avoid long distance trips. authorities are also charging fees on toll free expressways and limiting the number of train tickets to half capacity. the govern

chchief cabinet secretary suga yoshihide has a lead that would be hard to beat. is facing off against the party's former secretary-general, ishiba shigeru, and its policy chief, kishida fumio. the winner is set to succeed prime minister abe shinzo, who is stepppping down over health issues. nhk interviewed party members about their vovoting intentions and found momore than 70% suppp suga. that includes both sitting lawmakers and local members across the country. 535 votes will decide the winner monday. nearly 400 of those will be cast by ldp diet members. the rest will come from the party's 47 prefectural chapters, which have three votes each. earlier, ai uchida spoke with nhk world political reporter aizawa yuko for an update on campaigning in the ldp presidential election. how did suga get such a big lead so early in the race? >> one big reason is a desire among ldp members for continuity. the coronavirus has created a lot of uncertainty, and suga has been a voice for the government from the beginning. as abe's chief cabinet secretary, he was there when strateg

the chief cabinet secretary suga yoshihide has been one of abe's closest aides and a popular spokespersonhroughout abe's eight yeaears in office. suga promises to continue abe's policies including his goal of containing the newew corononavi while maintaining economic activity. ldp policy chief kishida fumio says he w will promote economic policies prioritizing middle income eararners and alsoo pledg to use his expererience as a former foreign minister to put japan's technology and culture at the centerr of the country's diplomacy. ishiba shigegeru is running to party leader for the fourth time. the former ldp secretary general and defense minister has long bebeen seen as abe's rival. he says he will improve living standards in rural areas by creating jobs and raising incomes. 535 votes will decide the winner next monday. 394 of those will be cast by party lawmakers. the remainder will come from representatives of local ldp chapters, which have three votes each. the party will announce the new president later the same day. >>> japan continues to reopen to countries and territories where it

." >>> we begin here in japan where prime minister suga yoshihide has tasasked regululory reformrd digitalization>> translator: my cabinet is ready to serve the people. we will try to deliver tangible results and live up to their expectations. >> suga's cabinet started work on thursday, one day after the long-time chief cabinet secretary became japan's 99th prime minister. he met with new ministers who are in charge of key policies. administrative reform m ministe kono taro has launched a new web page to complain about government regulations. >> translator: i have already received about 7 emails. i'm afraid the suggestion box is about to explode. those messagess include specifi requests for regulatory reform, which i find reasonable. i'm convinced it's a worth while effofort. >> suga also met witith digigit transformation minister takuya. he said he's been instrucucted speeee up the process to createa neww government agency in charg of digitalization. he said he plans to prepare relalated to bills to be sububmd to the diett session starting i january, aiming to set up the new agency before march

their leaders spoke over the phone on thursday on the first call since japanese prime minister suga yoshihideook office. the talks were organized at seoul's proposal. after speaking with president moon jae-in for 20 minutes, suga met with reporters to share key details. he says he urged moon to take appropriate steps to resolve an outststanding historical issue. >> translator: starting with a wartime lalabor isissue, i told president moon that we must not ignore thehe very difficult t situation between our two countries. >> relations cooleled after sou korea's top court ruled that japanese companies should pay koreans who say they were forced to work during world war ii. the japanese government maintains the issue of compensation was settled more than half a century ago. trade friction has also threatened the bilateralal relalationship sparked by japan decision last year to tighten export controls of high-tech materials. suga says things cannot be left as they are considering pressing regional issues that require cooperation, including bringing back japanese abductees taken by north korea in

as for the country's top job, suga yoshihide is widely expected to be elected prime minister on wednesdayt an extraordinary session of the diet. the vote among lawmakers is virtually assured to name suga as successor to prime minister abe shinzo since a liberal democratic party-led coalition controls both houses. the political transition comes after abe's surprise announcement last month that he would step down to deal with health issues. suga won a commanding victory in monday's vote from the main ruling ldp leader -- for the main ruling ldp leader. he's well known to japanese as the voice of their longngest-serving government, , acting as abe's chchief cabinet secretary fofor more than seven years. elected on a promise of stabilility, suga is vowing tot keep a steady hand on the helm as japan navigatates a sea of instability caused by the coronavirus pandemic and its economic fallout. after suga forms his cabinet, the emperor will ceremonially endorse him and his ministers at the palace. after that, suga will hold a news conference and convene the first meeting of the new cabinet. nhk "

suga yoshihide won t the parart leadership race on monday by taking nearly 70% of the votes. he is set to retain secretary general and diet committee affairs person. he also intends to name sa sato tsutomu as chairperson. and yamaguchi taimei as election strategy chairperson. means that the key post will be filled by members from the five interparty factions that backed him in the election. suga is preparing for the laufr launch of his new cabinet. observers say deputy prime minister aso taro will likely hold a new post in the cabinet. attention is also focused on who willll succeed suga as chief cabinet secretary. suga is in the selection process centering on his deputies under the administration of prime minister abe shinzo. nhk has learned british pharmaceutical giant, astrazeneca, plans to resume trials of a coronavirus vaccine soon, following their resumption in britain. this week, at the earliest, in multiple locations in japan, with about 250 people aged 18 or older taking part. astrazeneca is working with oxford university to develop the vaccine. trials in britain and

the government's top spokesperson, suga yoshihide, met with supporters to lay out his plans. chief cabinet secretary has already picked up pledges from most of the party's largest factions. hehe's vowing to carry on babe' policies including making tokyo more assessable. >> translatotor: and contributeo the community or their profession. we will hold the tokyo olympics and paralympics next year. we need to do all we can to make the games a success. >> ldp policy chief kishida fumio is framing his candidacy on creating economic policy focused on middle income earners. his platform includes raising the minimum wage and reducing the financial burden of education and housing. >> translator: domestically, i must tackle the issue of economic disparity. i must also point out that globally, social divisions have created problems. >> forrer ldp secretary general ishiba shigeru appealed to lawmakers who feel they're underrepresented. >> translator: if the public thinks a small group of people are making the country's popolitical decisions or that popoliticians only care about their pers

. >> reporter: nearly every day for the past eight years, suga yoshihide has stood here taking questions from reporters especially in a tim they faced tough criticism to unpopular policy decisions. the top spopokesperson seemed unflappable. >> reporter: then he took this step into the glare of the public eye. suga unveiled japan's new era name. reiwa. it's an uncommon honor w which made millions look att the prir miminister's trurusted aide and adviser in a new light. it earned him the nickname uncle reiwa. suga grew up in akita prefecture on his parents' strawberry farm. he was nearly 40 when he first ran for office netting a seat of yokohama city council. less than a decade later, he used strong street-level campaigning to win a seat in the lower house. known for his loyalty, he never forgot his roots. as a cabinet minister he promoted policies to help rural communities hit hard by the demographic shift. throughout his career, suga has lived by a motto. where there's a will, there's a way. and five years after abe's first resignation, he led a call to bring his popolitical ally backo p

kitamura also told o'brien that the cabinet of new japanese prime minister suga yoshihide will remain cocommitted to strengthening the bilateral alliance. hehe pledged close cooperation with washington to promote a free and open indo-pacificic. >>> many countries around the world are preparing for a possible resurgence of coronavirus cases. japan is taking steps to promote social and economic activities. government officials and experes med friday to discuss theheir antivirus strategy. the minister in charge of the coronavirus response said new plans are i in the works to stimululate consumption. tran tran we're planning to start two programs from mid october, go to event and go to shopping street. >> the go to event campaign is aimed att helping businesses in the entertainment field. event goers can get discounts of 20% on tickets for museums, concer concerts, movies an sports events. the go to shopping street campaign is designed to help small businesses that hold festivals and events bring in more customers. such shopping districts will be eligible for subsidies of up to about $28,

. >> chief cabinet secretary suga yoshihide is expected to join the race wednesday.e's already received backing within t the party. the ldp is scaling back its election protocols to ensure a swift change i in power as the country deals with the coronavirus and other pressing issues. all 394 ldp lawmakers will get a votete, along with three officis from each prefecture. to reflect the pp of its 1 million-plus members it will be up to local branches to hold new elections. once the party president is choesz en, japan's diet could vote within days. a winning there is a forgone conclusion since it's controlled by an ldp-led co-lags. japan's new leader will face a series of challenges including the coronavirus. officials say nearly 50,000 people have lost or are about to lose jobs because of the pandemic. labor ministry officials believe the actual situation could be much worse as the current figure only reflects cases reported to regional employment offices. as a countermeasure the government is extending its wage subsidy program to the end of the year and calling on busi

much a foregone conclusion that yoshihide suga will be the next prime minister of japan barring somenforeseen calamity because of the way they set up this internal vote. it gives a lot of weight to the fivepowerful factions and of the seven factions have come out publicly stating they are supporting suga. he has 10 lawmaker votes more than needed to become the next prime minister so if you are abetting person, the odds are high he will become the prime minister with the internal vote coming up in less than two weeks, to be confirmed a couple days later, likely by parliament. he has a lot on his plate. aboutke at length continuing the policies of shinzo abe he was a right-hand man of shinzo abe, mr. fix-it, the back room enforcer for abe's policy. policiesthose backwards and forwards. he will continue with abenomics and the alter easing policies with some changes as needed. he has been a bit more populist in that those tweaks to policy could come to protect jobs and the economy of course as the number one priority, he says, will be combating the coronavirus. economic andn the financia

. >>> turning to japan, prime minister suga yoshihide has been laying out plans for his cabinet and thateans cutting the cost of mobile phone services. his new communications minister says he's ready to get to work on the task. >> translator: it's a bad idea to keep a system in place that sees mobile phones as luxury goods. we will hear from carriers and consumers before coming up with solutions. >> tack da speak to reporters on friday after meeting with suga and says he hopes to get results as possible. while mobile carriers in japan have been charging less, the communications minister says prices still remain relatively high compared to many other countries. to find out more about suga's domestic priorities, nhk spoke with a politicalal science professor. >> translator: i don't see suga is planning any new measures to curb the spread of the coronavirus or revitalize the economy. personally i think it's a little discouraging.. >> suga may have risen to power by promoting continuity and stability but thinks the new prime minister needs to formulate his own vision to ensure long-term succ

ruling liberal democratic party is split over when to hold a jn election with prime minister suga yoshihideeciding when -- t the terms of current memembers expire in abo a year. one other issue high on his agenda is dealing with the coronavirus pandemic. some ldp lawmakers say he isn't likely to dissolve parliament early. that's because he's already picked his cab met to deal with the country's challenges. they say he should focus on the pandemic as he's promised not to create a political vacuum. others say time is tight to dissolve parliament as the nation is committed to hosting the olympics and paralympics next summerment finance min ter taro says he should consider dissololving the house early. others want to see it happen by the end of the year. that would capititalize on high approval ratings for suga's cabinet seen in polls. he's e expected to decide what happens with the coronavirus and public support for his cabinet. >>> a widely watched business survey here in japan is expected to shed some light on the pace of recovery amid the pandemic. the bank of japan is releasing its latest

they're urging suga yoshihide and his ministers to stop the spread of the coronavirus and get the economy track. >> translator: japan's status on the world stage will depend largely onn whether it can minimize the damage from the coronavirus pandemic and recover from the crisis while it still has strength to spare. the country is now at a crucial juncture. >> mimura said small and medium-sized firms have found themselves in uncharted territory. he said demand has dried up. mimura said if there is another surge in infections and a sececd state o o emergency, m many companies will go under. the chairmaman of the japan business federation said suga's cabinet is facing several daunting challenges. he said ministers will need to oversee a major transition to digital technology and do more to promote energy and environmental policies. he said they will also have their work cut out advocating a shift back to a free and open global economic order. he said he hopes suga will use strong leadership to promote a range of social reforms. the bank of japan has decided to keep its current monetary easin

chief cabinet secretary suga yoshihide is expected to announce his candidacy on wednesday, and appearso be solidifying support among party lawmakers. the party will soon choose who will succeed prime minister abe shinzo. he announced last week he would be stepping down due to health issues. susuga is expected to cite t th coronavirus and the needd to continue abe's policies ass his reasons for running. aside fromm suga, two other candidates have emerged. ldp policy chief and former mininisterisish bah shigeru and kishida fumio both declareded their intention to run on tuesday. >> translator: i will put everything on the line for the peopople of ththis country. i want to be a leader who can get everyone to work together. >> translator: it is my responsibility to carry out policies based on the will of th people. the liberal democratic party wants to make every effort to accomplish this. >> in this election, all 394 ldp lawmakers will g get a vote. three representatives from each prefecture will also have a say. ldldp party leaders are urging local chapterss to hold preliminary elections

. >>> japanese prime minister suga yoshihide spoke to his russian counterpart by phone for the firstime since taking office earlier this month. the two leaders spoke for about 20 minutes on tuesday. they reportedly discussed the economy, the coronavirus and efforts to reach a peace treaty. but after the talk, the two sides highlighted different parts of the conversation. suga says he reaffifirmed that president putin and former prime minister abe shinzo agreed to accelerate associations based on a joint declaration. it states that two of four russian-held islands would be handed over to japan after a peace treaty is concluded. japan claims the four islands, which it calls the northern territories. the japanese government inherents the islands are part of the territory. it says the island were ilillegally occupieied after wo war ii. >> translator: i propose resolving the issue in the northern territories with russia instead of leaving it to the next generation. >> russia emphasized economic and health care cooperation but did not specifically mention peace treaty negotiations. and pri

we start in japan, where the country's main ruling party elected chief cabinet secretary suga yoshihide leader. the politician is virtually assured to succeed abe shinzo, who announced last month his decision to step down to deal with his health. >> translator: i would likee to proceed with regulator

japan's ruling party electing yoshihide suga to succeed shinzo abe.ht. some of the stories we're watching this morning, it includes a lot of deals on the table. china's bytedance tapped oracle as its partner for the u.s. business of tiktok, beating out microsoft. president trump signed an executive order banning the app unless u.s. operations were sold to an american company by this tuesday, september 15th. calling it a national security risk. shares of oracle in the premarket are higher by better than 9% right now. nvidia is acquiring arm holdings from softbank for 40 of billion dollars, this is a big deal in the semiconductor industry. arm makes chips used in cell phones. checking shares of nvidia, we're looking at a rally of 6% on that stock. consolidation in the biotech industry to report, gil yesterdagileadsciences you agree immunomedics. here's a look at the two stocks ahead of the opening bell. immunomedics is up 16%. the race to november now 5 50 ds to election day. president trump is in nevada, slamming joe biden's voting record and his menta