so who is yoshihiko noda? here's a look at the man about to become japan's 95th prime minister. >> reporter: yoshihiko noda was elected to the lower house of the diet in 1993 as a member of the now defunct japan new party. he became a dpj lawmaker in 2000. he ran in the dpj leadership election in 2002 in hopes of speeding up a generational change in the party. he lost the election but gained national recognition. noda became finance minister last year. one of his biggest challenges has been a strong currency. the yen surged to a record high against the dollar this month. japan's monetary authorities intervened in the currency market in an attempt to put the brakes on. >> translator: i'm carefully monitoring the market. i'll take decisive action if necessary. >> reporter: noda was one of the first of the dpj lawmakers to announce plans to run for the leadership. he was confident of support from most of the party executives. >> translator: the two biggest challenges for japan right now are rebuilding after the d

so who is yoshihiko noda? here's a look at the man about to become japan's 95th prime minister. >> reporter: yoshihiko noda as elected to the lower house of the diet in 1993 as a member of the japan new party. he became a dpj lawmaker in 2000. he ran in the dpj leadership election in 2002 in hopes of speeding up a generational change in the party. he lost the election, but gained national recognition. noda became finance minister last year. one of his biggest challenges has been a strong cuency. the yen surged to a record high against the dollar this month. japan's monetary authorities intervened in the currency market in an attempt to put the brakes on. >> translator: i'm carefully monitoring the market. i'll take decisive action if necessary. >> reporter: noda was one of the first of the dpj lawmakers to announce plans to run for the leadership. he was confident of support from most of the party executives. >> translator: the two biggest challenges for japan right now are rebuilding after the disaster and de

so who is yoshihiko noda? here's a look at the man about to become japan's 95th prime minister. >> reporter: yoshihiko noda as elected to the lower house of the diet in 1993 as a member of the japan new party. he became a dpj lawmaker in 2000. he ran in the dpj leadership election in 2002 in hopes of speeding up a generational change in the party. he lost the election, but gained national recognition. noda became finance minister last year. one of his biggest challenges has been a strong currency. the yen surged to a record high against the dollar this month. japan's monetary authorities intervened in the currency market in an attempt to put the brakes on. >> translator: i'm carefully monitoring the market. i'll take decisive action if necessary. >> reporter: noda was one of the first of the dpj lawmakers to announce plans to run for the leadership. he was confident of support from most of the party executives. >> translator: the two biggest challenges for japan right now are rebuilding after the disaster and

president barack obama says he's looking forward to working with japanese prime minister yoshihiko noda to tackle various economic and security issues facing both countries. obama made the remark in a statement on tuesday and congratulated noda on his election as prime minister. obama said the u.s./japan alliance has served as the lynch pin of peace and security in the asia pacific region for the last half century and said the u.s. and japan can ensure the next half century enjoys the same stability and prosperity. the u.s. has been seeking concrete progress on the long delayed relocation of a u.s. marine air base in okinawa within the prefecture. it is hoped japan will also join negotiations for the trans pacific partnership at an early stage. the u.s. government wants to hold a bilateral summit late september at the earliest when noda will attend the u.n. general assembly in new york. that wraps up this edition of "newsline." do stay with us.

minister. >> translator: the house of representatives has decided to appoint yoshihiko noda as prime minister of japan. >> the lower and upper houses named noda as japan's sixth prime minister in five years. noda was elected democratic party president on monday. he will replace naoto kan who has occupied the country's top post since june of last year. noda is working to select cabinet members. now, here's a closer look at the new man taking the reins in japan. >> reporter: noda acquired his plan to become lawmaker after -- >> translator: i want to end the culture of many politics. >> reporter: he was elected to the diet in 1993 as a member of the now-defunct party. notice of a makeshift podium in front of a train station for two decades to appeal to voters? sheba prefecture. he did this everyday until he joined the cabinet last year. >> translator: i often see noda distributie inine inine ining lt of the station. >> reporter: in the hope of accelerating the change in e in party. he lost the election but gained national recognition. noda attracted attention as a future leader along wi

round runoff by 215 votes to 177. >> translator: as a result of the runoff election, we elected yoshihiko noda as our new party leader. >> all members of the kan cabinet have resigned at a cabinet meeting on tuesday. noda has already been working to select party officials and cabinet members. after winning the party leadership on monday noda told colleagues he wants to leave the election fight behind and unite the party. he indicated his intention to give major posts to party members who supported other candidates in the leadership election. noda says he plans to select the party's sec. tear gen secretary-general first and hopes to announce his choice within a few days. we asked people on the streets of tokyo what we expect from the new leader. >> translator: i don't want the tax rise, but it is needed to rebuild after the disaster. >> translator: noda should stay on as prime minister for more than a year. he should change his party for the better. >> translator: he oversaw market invention to stem the yen's advance, but had he done it much earlier, the yen might be much lower now. i hope he w

country's 95th prime minister. >> translator: the house of representatives has decided to designate yoshihiko noda as prime minister of japan. >> the lower and upper houses named noda as japan's sixth prime minister in five years at plenary sessions. noda was elected democratic party president on monday. he will replace naoto kan who has occupied the country's top post since june last year. noda is working to select senior party officials and cabinet members. we asked people here in tokyo what they expect from the country's new leader. >> translator: he should have a clear direction as prime minister. >> translator: including the strong yen, there's many problems with our economy. i would be happy if priority was given to reviving japan's economy. >> translator: focus should be on rebuilding efforts due to the march 11th earthquake and tsunami. and improving relationships with the united states and other countries. >> here's a closer look at the new man taking the reins. >> noda acquired his ambition to become a politician soon after he graduated from university. >> translator: i want to become a

finance minister yoshihiko noda is calling for measures to be taken to stabilize currency markets in addition to market interventions. >> translator: concrete measures must be taken to stabilize the yen's rise against the dollar and other major currencies. this is to prevent a further shift of japanese manufacturers to overseas locations. >>> also on tuesday the governor of the bank of japan said the central bank is aware of the strong yen comes from the uncertainty of the global economy. >> translator: it's widely reported due to moving efforts of the global economy. >>> the sell-off continued in the tokyo stock markets on tuesday with the key nikkei average plunging below 9,000 points for the first time in about 4 1/2 months. share prices in tokyo fell immediately after the start of trading on tuesday following the plunge on wall street. the nikkei average briefly lost more than 400 points from monday's close. in the afternoon buy orders replaced on some issues as concerns were eased by smaller than expected declines in asian markets. the nikkei average ended the day at 8,944, down

yoshihiko noda is set to become japan's 6 prime minister in five years. he faces a divided legislator and the daunting prospect of rebuilding areas devastated by the earthquake and tsunami. we are in tokyo and we look at whether he has what it takes to overcome these challenges. >> he is a pretty good orator. his biggest challenge is going to be reaching the divide in japanese politics. his own party is split as well between various factions. what we can see of what he has done since he became leader of this party yesterday, significant. he has been talking to the leaders of the opposition, hoping to draw the men. he said they should all work together. he spent a lot of time working out his cabinet, trying to satisfy all the various factions. the problem is that many of its predecessors have tried to break the stalemate, too. none of them have succeeded. >> we are live from singapore and london. >> five suspected members of the drug cartel in mexico have been arrested in connection with the arson attack on the casino last week. more than 50 people died in

. >> the biggest challenge yoshihiko noda will face is that he will not be another "here today, gone tomorrow" prime minister. mr. noda will have to deliver and as soon as she is to last longer than his predecessors. bbc news, tokyo. >> in trelawney god, mysterious violent attacks by intruders -- in sri lanka, no one has been the rest of your claims responsibility, but they have been dubbed the greece doubles -- the grease devils. >> tension is high at this funeral. the people here are angry and are burning tires on the road. this is the funeral of an ordinary traffic policeman who had been lynched by a crowd. this is where the sergeant was a tactic to death by a mob who, for whatever reason, blames the security forces for protecting a group of criminal attackers. such vigilante violence is spreading dangerously all over sri locked up. -- sri lanka. some are deciding to take the law into their own hands. this is one of the many muslim vigilance-- villages. they call them grease devils, drawing on tales of men who smear themselves in grease. they say sometimes they polonized. -- they p

your yoshihiko noda was a little nun before he became finance minister last summer. -- little known before he became finance minister last summer. mr. noda promise to restore hope to japan, battered by years of crises. >> we have to work together to push this heavy snow ball back to the top of the slope. i want to make people feel the change of administration is worthwhile. >> he is a fiscal conservative who has indicated raising taxes to battle the huge public debt. he wants to restart the reactor is idle after the fukushima daiichi disaster. in wartime, leaders tried and executed were not war criminals. he is concerned by china's growing military might. >> he has always emphasized a strong u.s. alliance. he will probably also tried to reach out to the chinese. but in difference to kan, he has a strong identity as a conservative politician. >> the biggest difficulty is to persuade the japanese people he is not just another here today, gone tomorrow from minister. the japanese people are becoming disillusioned with the rapid turnover of leaders. mr. noda will have to deliver an soon if he

japan's governing democratic party have approved their leadership lineup under new prime minister yoshihiko noda. noda first spoke at a meeting of democratic lawmakers on wednesday. >> translator: what our party needs is the leadership in which all dpj members can exert their full potential. if i were to liken it to soccer, what we need is a bunch of midfielders who can pass strategically. >> participants then endorsed the appointments of the party leadership. in a bid to unite the party, noda gave major party posts to members who supported other candidates in monday's leadership election. upper house leader azumah koshiishi will be the party's secretary general and former farm minister seiji maehara, chairman of the policy research committee. hirofumi hirano will be the diet affairs chief. and deputy secretary general. the party's new secretary general koshiishi vowed to do his best to unite the party. >> translator: we only have one thing to do, unite the party. i will do my best and i will work together with my fellow democratic party members in both the upper and lower house. >> translator:

. >>> yoshihiko noda commented on current currency moves. >> translator: we'll continue to watch the markets closely to see how they react to recent developments in the u.s. >> noda refused to comment on a possible market intervention to stem the yen's strength. meanwhile new york stocks plunged over 2% on tuesday as investors sold a wide range of shares on concerns the u.s. economy may be losing steam fast. the dow jones industrial average ended the day at 11,866, that is down over 260 points, a loss of 2.2%. the drop extended the index's losing streak for an eighth trading day. market players say a series of downbeat u.s. economic data, including sluggish consumer figures are fueling concerns the nation's economy may be slowing down faster than forecast. >>> now let's get a check on how stocks here in japan are doing this morning. we cross over to ramin mellegard who is at the tokyo stock exchange. ramin, good morning. how are japanese markets reacting to the u.s. debt deal going through congress on tuesday? >> good morning to you, ai. the nikkei and the to pix both trading in the

more international stories from across the globe this hour to perhaps find no minister yoshihiko noda is said to be complimentary of the new prime minister that's after he won the runoff vote how by the ruling time a product already noted is expected to begin his term in office on tuesday replacing the outgoing premier. confirmed his resignation last week is an illustration came under fire over its response to the earthquake and tsunami earlier this year and the nuclear crisis that followed. after tearing through the philippines where killed twelve people are typhoon has now slammed into taiwan it's down to more than half a meter of rain into the mountainous south area prone to catastrophic one size response of the evacuation of some eight thousand people from the region and the typhoon is now heading for the eastern chinese coast. the wayward emperor penguin known to the world as happy feet has left a zoo in wellington not on the first leg of his journey back to cooler antarctic waters but bag was found on a new zealand beach in june dozens of kilometers from his natural feeding grou

but more international stories from a clock across the globe to pants finance minister yoshihiko noda in fact to make of the country's new prime minister that's after he won the runoff vote how by the democratic party now to is expected to begin its term in office on tuesday replacing the outgoing premier of kahn who confirmed his resignation and monster week as administrator and came under fire over its response to the earthquake and tsunami earlier this year and the nuclear crisis that's perhaps followed. after tearing through the philippines where it killed twelve people a typhoon has now slammed into taiwan it dumped more than half a meter of rain in the mountainous south the area prone to catastrophic one slides has prompted the evacuation of some eight thousand people from the region the typhoon is now heading for the eastern coast of china. a wayward emperor penguin known to the world as happy feet has left a zoo in wellington on the first leg of his journey back to cooler antarctic waters paper and was found on a new zealand beach in june i don't sense of kilometers from his n

japan's finance minister yoshihiko noda is set to become the country's new prime minister that's after he won the runoff vote how by the ruling democratic party got to do what no to is expected to begin his term in office on tuesday replacing the outgoing premier of no telecom who confirmed his resignation last week as administrator came under fire over its response to the earthquake and tsunami earlier this year and the nuclear crisis that followed. after tearing through the philippines where it killed twelve people a typhoon has now slammed into taiwan it's dumped more than half a meter of rain in a mountainous south area prone to stop the landslides and it's prompted the evacuation of some eight thousand people from the region typhoon is now heading for the eastern chinese coast. well forget the mall deaves or the seychelles or anywhere else if you're looking for a really exclusive holiday you should be looking beyond our planet a russian company is building a new hotel in space which is scheduled to open in just five years time and as daria pushed over found out with a million doll

durans ruling party has elected finance minister yoshihiko noda as its new leader who will become the country's prime minister five candidates were running to replace the outgoing president. who confirmed his resignation on friday there's a ministration came under fire over its response to the earthquake and tsunami there earlier this year and the ensuing nuclear crisis. and tearing through the philippines where it killed twelve people at times food has now slammed into taiwan its don't more than half a meter of rain in the mountainous south the area prone to catastrophic landslides has prompted the evacuation of eight thousand people from the region the typhoon is now heading for the eastern chinese coast. well forget the mall deaves the seychelles or anywhere else if you're looking for a really exclusive holiday you should be looking beyond our planet a russian company is building a new hotel in space which is scheduled to open in just five years time and as diapers go over found out with the million dollar price tag good of you is guaranteed. there is getting away from it all and t

japan's finance minister yoshihiko noda is set to become the country's next prime minister that's after the ruling democratic party elected him as its new chief notable replace the outgoing premier no it will call and will be japan's sixth prime minister in just five years his predecessor face tremendous pressure over his response to the earthquake and tsunami earlier this year and the nuclear crisis that followed. well for those eager for a break from down to earth troubles a russian company has come up with the perfect solution in just five years time they're planning to open a hotel in space and though the price tag is astronomical i was pushed over found out for some the chance of having the ultimate retreat is well worth it. there is getting away from it all and then there's this the first in a hotel thinking in space could be the ultimate escape and according to its leaders this isn't a space fantasy stance on the one year as we relaunched a commercial space station into into sixteen and receive our first guests in twenty seven thousand years designed to host seven guests at most

japan's finance minister yoshihiko noda is set to become the country's next prime minister or that's after the rule democratic party elected him as its new chief will replace the outgoing prettier not a cause and will be a japan six foreign minister in five years his predecessor phrase tremendous pressure over his response to the earthquake and tsunami earlier this year as well as a nuclear crisis which followed. but for those eager for a break from down to earth troubles a russian company has come up with a perfect solution just five years time they're planning to open a hotel in space though the price tag is astronomical as that it was over found out for some the chance of having the ultimate retreat is worth it there is getting away from it all and there is this the first ever hotel floating in space could be the ultimate escape and according to its leaders this is an industry spend to see stansell mobile in europe we'll launch the commercial space station in sixteen and receive our first guests in twenty students in english designed to host seven guests at most it is likely to be

the japanese parliament elected yoshihiko noda to be the country's new premier today. he inherits a faltering economy and recovery efforts from the tsunami and nuclear disasters. the previous prime minister, naoto kan, resigned amid widespread criticism of his administration and fracturing within the ruling party. those are some of the day's major stories. now, back to jeff. >> brown: the troubled u.s. housing market got a bit of good news today with word that some prices are rising. but full recovery remained a long way off. four cities-- chicago, minneapolis, washington and boston-- posted the largest increases in the latest case- shiller home-price index. but prices in detroit, cleveland, las vegas, and phoenix were selling at the same levels as january of 2000, more than ten years ago. what's more, the survey of 20 cities found overall home prices have actually fallen over the last 12 months. and home sales for this year are on track to be the worst in 14 years. and things could get worse yet, once banks pick up the pace on millions of foreclosures, as expected. th

finance minister yoshihiko noda is second in the running with support of over 60 lawmakers, including members of secretary-general casio okada. next is seiji maehara which has about 50 members behind him. agriculture ministry michihiko kano has garnered support of over 30 law makers. bringing up the rear is the former land ministry sumi sumio mabuchi who is trying to bring his numbers up from just 20 members in support. the candidates' teams are working hard to enlist the backing of over 100 lawmakers who have yet to decide or announce who they support. they're also attempting to gain favor with other candidates for a possible runoff, as it's widely expected, no one will win a majority in the first round of voting. kaieda's campaign office believes he is ahead, but is concerned about the moves of other candidates who may join forces in a runoff election. >>> the ground self-defense force has carried out a massive live fire drill involving tanks and helicopters. the annual event held at a training range is open to the public, and attracted about 24,000 people on sunday. about 2,400 gro