26 Burst results for "Kushida"
AP News Radio
Japan's Kishida in Poland for talks after visit to Ukraine
"Japan's prime minister says he will support Poland, which bears an increasing burden due to Russia's invasion of Ukraine. Alongside Polish prime minister Matthias, fumio kushida says he visited Ukraine and conveyed unwavering solidarity of Japan and G 7 directly to president volodymyr zelensky, adding, as this year's G 7 presidency, Japan will work together with Poland to demonstrate leadership. So that's the international community. Can unite and firmly support Ukraine kushida added Japan would offer development assistance in light of the increasing burden on Poland, Japan usually provides the type of promised aid to developing countries which Poland is no longer because Japan can make an exception here. I'm Charles De Ledesma
AP News Radio
China, Japan leaders end visits to warring capitals
"Ukraine has faced more Russian drone attacks that killed at least three people, shortly after Japanese prime minister fumio kushida left Kyiv. Kushida's surprise visit to the Ukrainian capital stole some of the attention from Chinese leader Xi Jinping was chipped Moscow, where he promoted Beijing's peace proposal for Ukraine, which western nations have already dismissed in turn she left Moscow early Wednesday, despite these diplomatic moves, Ukraine faces a new series of Russian drone attacks that have killed people and damaged infrastructure across the country. The she and kushida visits about 500 miles apart, highlight her country's aligning up behind Moscow or Keith during the nearly 13 month old war. I'm Charles De Ledesma
AP News Radio
Japan, China leaders visit rival capitals in Ukraine war
"Japanese prime minister fumio kushida is in Kyiv for talks with Ukrainian president volodymyr zelensky. Kushida began a surprise visit to Ukraine early Tuesday, hours after Chinese president Xi Jinping arrived in neighboring Russia for a three day visit the dueling summits come as the longtime rivals are on diplomatic offensives because she does surprise trip to Ukraine, comes just hours after he met with Indian president Narendra Modi in New Delhi, kushida who's chairing the group of 7 summit in May is the only G 7 leader who hasn't visited Ukraine and was under pressure to do so at home. He's expected to offer continuing support for Ukraine when he meets with zelensky. I'm Charles De Ledesma
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"The Japanese yen also stronger up three 10% one 32 as the prime minister kushida confirms that a new bank of Japan governor has been chosen. Gilts yields up three basis points on the two year at 360 seven, Brent is higher, lower I should say, 86 to a lot of square down 7%, WTI also down below $80, $79 around that's a drop of 1% on reports that the Biden administration is considering releasing more oil from its strategic petroleum reserves calling. Okay, that is the market update for you. Let's give you some global news now. He's been both Louise moon. Good morning. Good morning, hopes to find survivors of devastating earthquakes in turkey and Syria are dwindling. It is over a week since the quake's first truck. Close to 40,000 people have died with many more unaccounted for. Aid agencies are also warning that helpers taking longer to reach Syria because of the country's ongoing Civil War. In New Zealand, a national state of emergency has been declared as psycho and Gabrielle brings flooding, landslides, and power outages. Tens of thousands are without electricity with many rows closed in northern regions. Auckland airport says 45,000 travelers have been disrupted due to flight cancellations. And Bloomberg has learned that Qatari investors are set to make an offer for Manchester United in the coming days. Sources say the Middle Eastern countries sovereign wealth fund is helping their consortium with preparations for a bit. The future of the English Premier League club has been the subject of speculation since its American owners were reported to be open to selling a stake. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Louis moon, this is Bloomberg, Caroline. Thank you so much, Louise. Yeah, the Manu bi is quite interesting. I don't know whether you're interested in football, but the price tag is takes your breath away really, doesn't it? 5 to 6 billion pounds for this possible bit. If you've been across the Qatari investment authority, it was really interesting because of course fancy lacquers sat down with the QIA at Davos, of course the World Economic Forum asked them about this question around whether or not they were indeed eyeing up Manchester United. What they did say at the time was they are considering certainly and they are looking at potential opportunities in the UK market in the UK football market. So now we have confirmation that is indeed something that they are actively considering. But yeah, the price tag and the question marks about what your return on investment is around English the English Premier League, but this is in a fascinating story we'll continue to keep across the course. Yeah, no, absolutely. Louise, thank you so much for that world news update. So just in terms of what's happening here in the UK, I think those jobs figures out of Britain were quite interesting. They're going to add to the case for the need really I suppose for hawkishness by the bank of 6.6 .7% for the last three months of the year. And again, for the record, the highest, that's the biggest jump that we've seen on record since 2001, and as you say, you would assume that that is more ammunition for the hawks at the Bank of England to say, look, we have to address the wage pressures. If you don't get wages down, you're not going to get a control on inflation, we're still well above the 2% target, of course. And there is then a stronger case for doubling down a rate increases at the next meeting in March. But we know that the NPC is split. Yeah, they are. And that's kind of deeply problematic. Also, so you've had a 102,000 employees that is a payrolls in January, and then also the number of vacancies going down in January 2. So that in terms of the kind of detail around the hot jobs report and what it means for the Bank of England. Look, our next guest though, I think, is definitely someone who will be able to give us an interesting view. Alex brazier, it joins us now. He's deputy head of the BlackRock investment institute. And actually was a member of the Bank of England's executive board executive director for financial stability as strategy and risk. Welcome Alex to the radio studio good morning. Thank you so much for your time. Let's start there. I know we can get on to the fed and the bank of Japan and lots of other things, but let's talk about the UK. What do you make of these of the UK jobs data? The Bank of England needs to hike rates and yet the economic outlook is absolutely grim. It's stagnation or recession and the UK economy post Brexit is far less resilient than the U.S., so the Bank of England is in a very difficult position. Yes, it is. And I have every sympathy for them. Really, the UK is a microcosm of a couple of issues that are facing developed markets in general. The first is, of course, inflation is coming down. But it's easy to get it down from ten to four, the issue is that services inflation, wage inflation, and much more sticky. And that's because of a tight labor market, which is what we saw this morning. We've got very low unemployment, despite weak growth, that reflects weak productivity growth. We've got persistent wage growth. And really, as you describe it, you know, the bank needs to squeeze labor demand to get unemployment up and wage growth down in order to make sure inflation returns to the target. And you look at its own forecasts, it's saying that if it keeps raising rates to around four and a half, it's not going to generate a deep recession, but it will generate a very prolonged recession with effectively no growth over a four year period. So the tradeoff facing the Bank of England is very stark. And credit to the team at BlackRock, because you and the team at background being out front in talking about that shift from core to services and how that's going to be sticky and more challenging from four to two. And that's where the lag is going to be. That's where it's going to take time. But I just wonder if you put your if you were back in your role at the BOE looking at financial stability, looking at risk would alarm bells be ringing in terms of your concern, the concern of the team there now as rates move higher in this fragile economy that maybe something's going to break. Well, I think actually, after last year, which had a big dry run of a very sharp rise in market interest rates, there were some difficulties, but actually the system proved pretty resilient to what was a very big spike in that certainly the long end of the yield curve. And rates now have been rising for quite some time. I think it showed that the economy is resilient kind of financially. But what we're beginning to see now is that the real side of the economy, growth is slowing growth is probably contracting. And financial conditions are still tightening. As a result, the UK is entering a recession. But what remains to be seen is how that recession translates into weaker labor demand, weaker wage growth and hence bringing whether it brings insulation all the way down to the bank's target. Okay. Are there financial stability concerns or risk from the crunch in the housing market? And the correction is underway. Bloomberg calculates a 20%
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"President Mike Pence has reportedly been subpoenaed to appear in front of the special counsel investigating the January 6th insurrection and efforts to overturn the 2020 election. More revelations about the supposed weather balloons sent up by China, drifting over Montana eventually shot down by the United States English writing found inside along with surveillance tentacles that could see. They were found in the debris. Now over 20,000 people are confirmed dead after that massive earthquake hit turkey, most of the dead in turkey but several thousand in Syria also reportedly died. The new old Disney CEO slashing jobs and finds his premium streaming service loses viewers, mostly in India with apparent gains of new subscribers elsewhere though, yesterday we heard Disney let go 7000 workers. Global news powered by more than 2700 journalists and analysts in over 120 countries in New York, I'm Leslie lotto. This is Bloomberg, Paul All right, thanks very much, Leslie. Well, Japan's prime minister fumio kushida is a long, awaited decision on a new bank of Japan governor, looks like it's going to be announced on Tuesday. Joining us to discuss we've got Paul Jackson, Bloomberg's economy editor for Japan, Korea, and Australia. So Paul looks like Tuesdays of the day looks like messy Yoshi amamiya or deputy governor Hiroshi nakaso are going to be the new governor or could we have a surprise on Tuesday? Well, that's the question on everyone's lips. I think before we get to the official nomination on Valentine's Day and it should come around 11 o'clock local time in the morning. I think probably we're going to see local media reports flashing ideas of who the person is going to be. I'm emea is the deputy governor. He's been working behind the scenes engineering a lot of the policy that we've seen under Corona. He's been the FrontRunner in our economist polls of who people think will take the helm of the Central Bank. He's the closest you could get to a candidate of continuity. And he has been the favorite, but nakasa Hiroshi nakasa is a former deputy governor. He's also a very strong FrontRunner. While it looks as if he might be flagging that he wouldn't take the job last week when he was talking about his upgraded ramped up role. He was taking at apec on a task force. Recent comments by kishi to this week talked about the governor needing to be someone who would keep market stable and would have the communication communication skills that served the country well during the Lehman shock the global financial crisis. And la Casa was one of the key players behind the scenes arranging things like dollar swaps during the global financial crisis. So those words sounded a lot line of Casa. So it looks like it's going to be a toss up between. And the Casa, but we also have yamaguchi has been like number three. Slightly distance third on our polls. We put out a story yesterday suggesting that that choice might not go down well with either markets or the ruling party, the LDP. So in terms of continuity, I think at this point, when you look at inflation on the consumer level, Paul, as you know, in Japan that's 4% right now and expect it to remain at higher levels. Is there any sense very quickly that we could see a change in yield curve control in the near term under either of these candidates? Well, I think obviously markets are paying for some kind of changes, incredible pressure on the yield cap that the DoJ has been using to stimulate the economy. I think if you look at kind of market response to any news on them, you'll see that they think you would probably go slow on any changes, whereas in a castle might go a little bit quicker on any adjustments. But I think they're both taking it very cautiously. Whereas these kind of outside the yamaguchi would be a bit more gung Ho about coming to change. As we saw in December, when the bank of Japan doubled, the movement arranged around the yields, essentially doubling that cap on yields. Although we're talking about continuity in this continuation of stimulus, BOJ still has plenty of room to say it's continuing stimulus while adjusting that YCC without scrapping it. The element of surprise always good for a central banker to keep that in the quiver I guess. Paul, thanks so much for being with us, Paul Jackson is Bloomberg economy, editor for Japan, Korea and Australia. Joining on daybreak Asia talking about the nomination for the new BOJ governor that will happen on Valentine's Day. This
AP News Radio
Kishida prioritizes arms buildup, reversing low birthrate
"Prime minister fumio kushida, such Japan faces the serious security environment in the region, since the end of World War II, and is pledging to push a military build up under a newly adopted security strategy. In a policy speech opening this year's parliamentary session, kushida said active diplomacy should be prioritized, but it requires defense power to back it up. He said Japan's new security strategy is based on a realistic simulation as we face. He says more regional tensions since the end of World War II. This month, the Japan leader took a 5 nation tour, including to Washington, to explain Japan's new defense plan and further develop defense ties with the U.S.. I'm Charles De la
Monocle 24: The Globalist
"kushida" Discussed on Monocle 24: The Globalist
"Isabelle sensor Elon Musk fall from grace when he took over Twitter and has been much reviled for what he's done on the site. Many people have said they wouldn't be seen dead in a Tesla. That's the other company that he controls. However, Tesla is planning to spend more than $770 million on a Texas factory expansion expansion. So Kelly, there must be an appetite for the vehicles. Well, actually, I think they missed delivery at the end of last year, which was a bit of a concern for investors who are already pretty shaky because there's some worries that he's sort of treating Tesla stock as a bit of a personal ATM to fund the Twitter acquisition. But yeah, this factory in Austin is less than a year old. So this new sort of huge expansion is pretty fast out of the gate. It was being headed up by an executive called amida F sharp, but recently Tesla promoted their China chief, Tony Zhu, to come over and be manufacturing boss for the whole company. So he came over, I think, this month, which isn't perhaps not a coincidence. Let's move on to uniqlo because they are planning to raise pay. In Japan by up to 40%, that's a large amount. Yet massive. So for new people coming in, you graduates is going to be a wage hike of about 18%. It's closer to 40 for people who've been there for a couple of years. And there was already a wage hike in September for the hourly staff. This is after the Japanese prime minister fumiyo kushida asked companies to fast track wage hikes because wages aren't keeping pace with inflation in Japan. It inflation there has hit a 40 year high as it has in many countries around the world, but it should be said that for Japan of 40 year high is only three .7% compared to say here where it's 10.7. And is that just raising pay in Japan in their Japanese stores and factories, or will that be rolled out throughout their outlets in the rest of the world? Just Japan as far as we know. Right, because of course, here in Britain and in many other countries, there are huge demands for wage increases. Absolutely, if I was a British uniqlo, worker right now, I'd be feeling pretty jealous. Well, let's move on to danone. Now, this is the French food firm. They're being sued by activists. Why is that? So France has this law called a duty of vigilance law. It was only brought in in 2017, and it effectively means big French companies have to be pretty hot on scrutinizing their business and supply chains. For environmental or human rights concerns and there are these activist groups, I think there's three of them who are saying that danon has not been vigilant enough when it comes to plastic pollution and that it didn't talk about plastic pollution in its most recent mandatory report, which this law makes it give out. And so how much plastic pollution is done on responsible for? Absolutely heaps. I think the last account I think for 2021, it was something like 750,000 tons. Which was actually more than in 2020. The company says that it's reduced its plastic use 12% from 2018 to 2021, but it looks like there was a slightly uptick in between those two years. Isabel, thank you very much indeed. That's Isabel Hamilton. And this is the globalist on monocle 24. Now, the
AP News Radio
Japan, US to hold security talks before Kishida meets Biden
"Next week, we'll see Washington based strategy talks between the U.S. and Japan. Foreign and defense ministers will discuss security, the day before Japanese prime minister fumio kushida lands in the U.S. capital next week, kushida meets with president Joe Biden on January 13 for a summit wrapping up his tour of group of 7 nations as Tokyo expands its military and deepens its alliance with America. The Japan officials will meet their American counterparts Lloyd Austin and Anthony blinken for talks on Wednesday. They're expected to focus on their new national security strategies and concerns, including China, North Korea and Russia. I'm Charles De Ledesma
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"Is a Bloomberg business live. And I'm Paul Allen in Sydney, we were seeing a little bit of weakness in the early going here, the ASX off by a third of 1% right now, pretty much a similar story around the region in terms of those markets that are open at the moment. We've got the cost and weaker by four tenths of 1%. The Nike, the worst performing in the region right now off by 1%. We've got the yen trading pretty flat right now, one 36 34. We did hear a report today that prime minister fumio kushida may alter bank of Japan policy over the year 2% inflation target might build in a bit of flexibility around that and plans to discuss it. Replacement when the time comes in April and we will have a bank of Japan great decision on Tuesday we are expecting them of course to stick to the negative right to path. Elsewhere we got the U.S. ten year trading at the yield three 50 pretty much flat at the moment in Japan, and the oil price is kind of going a bit sideways right now as well, 74 78 for a barrel of West Texas. Kind of quiet on the data front today we did have New Zealand reporting it's a weakest consumer confidence on record, a little bit earlier on and a little later we're going to get trade data out of Malaysia for the month of November, and that is your business update. Time for chick of global news a Baxter's in the San Francisco newsroom. It all right, Paul, thanks U.S. is welcoming Japan prime minister fumio kitchen is called for a stronger military saying
AP News Radio
Japan, Australia upgrade security pact against China threat
"Japan and Australia have signed a new bilateral security agreement to reflect the deteriorating security outlook for their region driven by China's increasing assertiveness The upgrade of the joint declaration on security cooperation was the major outcome of Japanese prime minister fumio kushida's meeting with its Australian counterpart Anthony albanese in the West Coast city of Perth albanese says the two nations have grown closer to ensure the security and stability of the area Our commitment to consult each other on contingencies is a natural step in our efforts to support the security and stability of the region Japan says its self defense forces will train and take part in exercises with the Australian military in north Australia for the first time I'm Charles De Ledesma
WTOP
"kushida" Discussed on WTOP
"President Biden and Florida's Republican governor set their differences aside today as they surveyed the damage. CBS is Steven portnoy. President Biden told reporters that Ron DeSantis has done a good job. First of all, the biggest thing governor John and some of the others have done. They recognize his thing called global warming. Desantis has blasted proposals to curb fossil fuel emissions, but he has backed efforts to adapt to a changing climate. Desantis thanked mister Biden for swiftly approving a disaster declaration. And we really appreciated that as well as doubling to 60 days the period of time in which the federal government will pick up the cost of debris removal. Steven portnoy, CBS News, Washington. 6 shootings in California appear to be connected which has led police to call them serial killings, all killed were men who were long late at night. It sparked concern among the homeless population, Stockton police chief Stanley McFarland. It would take a homeless person. I would say any individual homeless or not out on her own sleeping somewhere or sitting in a car a few hours before they go to work is probably not the best thing to do at any moment in time. North Korea conducts a 6th missile test in just 12 days and its first since launching a projectile over Japan two days ago. Reporter Alex Jensen in Seoul. North Korea fired two short-range ballistic missiles soon after 6 a.m. Thursday, local time, according to South Korean and Japanese officials. This time they were fired in the direction of Japan, but didn't fly over the country, though Japanese prime minister fumio kushida told reporters this absolutely can not be tolerated. OPEC plus says it's cutting back oil production by 2 million barrels per day. It could mean higher prices at U.S. gas pumps. White House press secretary karine Jean Pierre. It's clear that OPEC
AP News Radio
Japan's former leader Abe honored at divisive state funeral
"Japanese prime minister fumio kushida has paid tribute to his predecessor since to Abe as a man of courage and a sincere and compassionate person at the state funeral for the assassinated former leader In his eulogy kushida says history will remember Abe more for his achievements than for the duration of his period in office and that Abe would have been able to act as a compass for Japan for another two decades at least dozens of foreign dignitaries including vice president Kamala Harris and Indian prime minister Narendra Modi were among the 4300 attendees Meanwhile hundreds of people marched peacefully to state their opposition to the event some saying the legality of a state funeral was dubious I'm Charles De Ledesma
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"Has set out a very generous set of measures in terms of energy costs. But if it's doing that and it's cutting taxes or not putting taxes up, then look at the overall picture and it looks as if the UK is going to be borrowing an awful lot more money. That's former just a sack of treat David gock. He isn't alone in his concern over today's many budget Arthur Haskell a member of the Bank of England's policy making panels as the government's plan to stimulate the economy raises difficult issues for the bank as it tries to cut inflation from record levels. Goldman Sachs, meanwhile, says it expects the Bank of England to raise its key rate by 75 basis points in November and December. That's after three policymakers called for an increase of that size and a split decision vote yesterday, the BOE delivering 50 basis points on Thursday taking the benchmark rate to 2.25%, Goldman economists now predict the rate will eventually hit four and a half percent up from a previous prediction of 4%. Japan is to abolish many COVID border controls from the 11th of October in a move to revive the tourism industry. Prime minister fumio kushida says individual visitors would be allowed to enter with Visa waivers reinstated under daily cap on arrivals removed. From October 11th, Japan will relax border control measures to be on part with the U.S. as well as resume bizarre free travel and in the computer individual travel. Japanese prime minister fumio kushida announcing that plan in front of an audience of the New York Stock Exchange after reaching a record of almost 32 million visitors in 2019 numbers traveling to Japan slumped last year to less than to fewer than 250,000. Now FedEx is cutting flights deferring projects and closing offices the company seeking to save as much as $2.7 billion to tackle challenges including slower demand and a tight labor market, FedEx is also planning to raise shipping rates in an effort to regain its footing after withdrawing its annual forecast and posting lower than expected preliminary results. Well, those are our top stories. Let's get to a look at some of the stories we're watching out for later today, James Wilcox is with us in the studio still. James, what have you picked out for us? There is plenty to say, Steven. Now obviously we're all looking ahead to the UK chance of this check at quality quad ten's mini budget. We're expecting that at 9 30 in parliament. And in terms of what we're going to have on the radio show today, look ahead to next hour where we'll be having Gerard lions who is informal in economic adviser to Liz trust, change that 7 30, and then ahead of that we'll be talking to Carrie's Roberts the director of the IPPR, who have been doing some of the research into quite how the sums add up behind this policy. Now, outside of the UK, we take a broader look at eco data that's coming out today. There are flash PMIs starting at 8 15 London time you have Fred flash PMIs 8 30 German, 9 for the Euro area and 9 30 for the UK. And we've been talking about central banks this week. We had Valerie earlier on saying what a big week it's been for central banks. In terms of some of the speakers who are talking this Friday, you have ECB's Kazakh speaks at 9 and then at four 30 in the afternoon, nagel and the S and B's Jordan speak in Switzerland and finally fed chair Jay Powell has made such big news this week with the fed rate rise is scheduled to speak again at a fed listens event at 7 p.m. UK time. And it would be remiss of me to let you go without mentioning that today is the last day of election campaigning in Italy ahead of the big vote on Sunday as they seek to try and rebuild a coalition after Mario Draghi. Left office. Yes, we will have plenty more on that in just a moment, but just to bring you some of the picture of where we are with the markets this morning, particularly as we look to head towards the start of European trading later, European stock futures pointing to a pretty muted star to mention that European stock futures were positive this morning, but not by very much just a tenth of 1% now in the stocks 50 futures. That's a market that of course has seen huge slumps this week as we've seen this equity sell off pouring out across markets due to the Central Bank decisions those hiking race hikes, the aristocracy index yesterday closed down 1.9%. It stands 6% this month so far. And if we look at where things are in Asia as well, stocks in Asia heading for a 6th weekly decline today, that's on expectations of tighter monetary policy still and is slowing global economies. That's some of the issues that are driving markets as well and you know it is also worth a mention on what's been happening in Japan because that was such a big story for us yesterday when we were heard about that intervention in the currency markets from the Japanese finance ministry, the Japanese yen strengthening further this morning up two tenths of 1% in the Japanese yen Sparta index a 142 17 is where that's coming. That's coming down from the 145 handle that we'd seen reached yesterday that, of course, the lowest since 1998 for the Japanese Yan as well. Well, let's get more on the elections in Italy. This weekend, Italian voters going to the polls to elect the 70th government in 77 years, a crunch time for Europe's third largest economy, which has for decades been struggling with massive debt, but also now faces the renewed pressures of inflation like elsewhere in the continent as well. The campaign has been interesting to a party descended from Mussolini now could find itself leading a right-wing coalition with its late leader Georgia maloney in the running to become Italy's first female prime minister for more, let's go to Rome and join Bloomberg's attire at large fancy LaCroix good morning francine. How are things set up going into this election? Well, Steve, you absolutely right. This would be a pretty remarkable win. We can't talk about the polls, but it does look like giorgia meloni the head of fertility Italia will probably become prime minister now. I was at a rally at Piazza del popolo. He said, I have to say the beauty of it, Stephen kind of took my breath away, but then there was this rally, and it was amazing to see some of these old faces Silvio Berlusconi was actually the first one to speak, because what George abalone is doing is already forming an alliance. So we had four big leaders. He spoke for about 15 minutes. We had giorgia meloni and we also had Mathieu salvini of the Liga. There was also someone else mister lupe, but he has less of an international presence. Now, the rhetoric was really on values. The Reddick I have to say was pretty belligerent. The concern, I think if you're a market participant right now, is that if you look at what giorgia meloni and remember, she really rose to power as an anti Mario Draghi, is basically she's telling the markets of she's not going to really change what Mario Draghi put in place. And has the green light from Brussels to get €1.9 billion in money from the EU recovery fund as long as they stick to 55 points. For the moment, she's talking the right top she says, look, I'm going to keep a fiscal spending in check. I'm going to do the debt will be fine. We'll continue with the reforms. But what happens when she's empowered because actually politically, Steven, as you said, I mean, she comes from fascist roots. She's trying to eradicate or her parties comes from fascist roots. She's trying to eradicate that part of it. But then in rallies, some of the things she says
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"For global news. Japan's prime minister fumio kushida demanding China stole its military drills let's get to it in San Francisco. He has all the global news, edge. Yeah, exactly Juliet says their major issue for Japan's national security also says he's met with Nancy Pelosi and confirmed the importance of the U.S. Japan alliances. Meanwhile, the region around Taiwan is bracing for another day of Chinese military drills. They started about midday yesterday in the first wave yesterday, Bloomberg Stephen engel says a very marked escalation. Yeah, it keeps on being escalated with Japan's defense ministry essentially saying that it tracked at least 5 Chinese missiles that landed in its exclusive economic zones, the EEZ, as well as four of those 5 likely flew over Taiwan territory. That would mark a major escalation. It would be the first time as well that missiles Chinese missiles landed in Japan's EEZ and by most accounts will be the first time that those Chinese missiles would have flown over the main part of Taiwan. And Richard haass, the president of the council on foreign relations on Bloomberg's balance of power today said these drills will backfire against China's standing in the region. Everything China is doing here. BCB Taiwan, I think will contribute to the momentum in the region to essentially bandwagon against China. And we'll open pocketbooks. It'll affect people in this country and obviously it will affect people on Taiwan. And I think it will increase public support for defense spending. And so will Japan's condemnation of the drills China has called off the face to face meetings between the two countries foreign ministers and Asia. Hong Kong's government will make a decision on cutting the duration of hotel quarantine for overseas arrivals from the current 7 days. Now, sing Tao is reporting two options are being weighing either 5 days or four days come with what is called yellow code restrictions which could be of varying lengths too. We'll wait for the official announcement. It looks as if the tax and climate bill can move forward in the Senate as senator kyrsten sinema says she will back it and they get their fellow Democrats had to drop the so called carried interest provision. She says it will protect manufacturing. We're also getting a note that now Democrats have added the stock buyback tax to the Senate bill so whether we'll see whether that affects any of the fragility of any of this. U.S. secretary of health, Xavier becerra has declared a health emergency for cases of monkeypox. The latest numbers. Well, there are some 6600 reported cases of monkeypox in America. Last week, by comparison, when we did another press roundup, there were about less than 5000 cases. This is a federal declaration allowing further movement than on treatment education and vaccines. In San Francisco, Ahmed Baxter, this is Bloomberg. All right, Doug. Thank you, Eddie. Let's get to Dan Schwartzman
AP News Radio
Japan PM cites "problems with the security" in Shinzo Abe assassination
"Japan's prime minister says local police will not provide strong enough security when former leader Shinzo Abe was attacked Fumio kushida has blamed inadequate police protection for the death of former leader Abe who was shot while giving an outdoor campaign speech photos and videos of the shooting show the government was able to come close to abbe officials at the national public safety commission and national police agency are investigating what went wrong and will come up with measures kushida is urging them to fix what needs to be fixed while also studying examples in other countries
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"The international energy agency that the worst of the energy crisis may be yet to come. J in Detroit, I'm reporting rivian automotive plans hundreds of layoffs, and those are some of the stories are 2700 Bloomberg journalists and analysts are working on this morning around the world. It's 5 39 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. Sympathy and outrage over last week's shocking assassination of former Japanese prime minister Shinzo Abe contributed to the sweeping victory of his liberal Democratic Party in recent opera house elections. However, machias, the former prime minister, though, Japan's current leader, fumio kishida, must now find his own path. That will mean, for example, fleshing out his own economic vision for Japan. Kushida, who's called for a fairer and more inclusive new form of capitalism that can tackle inequality in contrast to Abe's focus on growth. Ultimately, kushida will need to implement tough reforms that even Abe couldn't manage, including making changes to Japan's rigid, seniority based employment system. Japan would not be the country it is today had it not been for Abe's vision and drive. Kushida can best respect Abe's legacy by forging his own. The editorial was written by the Bloomberg editorial board for more Bloomberg opinion, please go to Bloomberg dot com slash opinion or OPI and go on the Bloomberg terminal. This has been Bloomberg opinion. Listen for Bloomberg opinion editorials every weekday at this time terminal customers can read more at op N go. S&P futures down 26 points, down futures down 211 NASDAQ futures down 76 points, ten year treasury yield 2.92% two
WTOP
"kushida" Discussed on WTOP
"Japan's current prime minister fumio kushida visibly shake controlled the nation we can not accept that this violent act took place during an election. The foundation of democracy in the strongest terms I condemn it. Abe was Japan's longest serving prime minister when he left office in 2020 due to ill health. A polarizing figure he was a right-wing nationalist and conservative and a fierce supporter of Japan's military. His political opinions were controversial, but the country is united in shock and sympathy at the news of his death. That CBS correspondent Liz Palmer reporting. It's 1135. Right now, former White House counsel pat cipollone is testifying behind closed doors to the January 6th committee, which is also getting ready for two public hearings next week WTO's Mitchell Miller is on Capitol Hill. The panel's vice chair Liz Cheney has been pushing for this testimony, noting previously that cipollone's former boss probably isn't happy about it. Our committee is certain that Donald Trump does not want mister cipollone to testify here. That's because cipollone has extensive knowledge of efforts to overturn the election results, and the events that took place as rioters attacked the capitol on January 6th. Maryland congressman Jamie Raskin will help lead a hearing next Tuesday into how far right militia groups were involved. And then what may be the final hearing will be held next Thursday in prime time during the evening. On Capitol Hill, Mitchell Miller, WTO P news. Coming up after traffic and weather here, a new program in
WBUR
"kushida" Discussed on WBUR
"By the avalanche is not yet known, but the local emergency service said it believed 15 were in the group at the site of the collapse. Helicopters have been sent to the scene as well as Alpine teams and sniffer dogs and the search for survivors will resume in a few hours. Terry Egan. Over the weekend, people in Japan were asked to turn off their lights to help the country conserve power during a record breaking heat wave. The prime minister funnier kashida says the country will now use nuclear reactors to supply electricity as the scorching temperatures put pressure on the power grid. Our correspondent in Tokyo Rupert wingfield Hayes says the recent increases in solar power haven't been enough to help Japan cope with the crisis. In the last few years, there has actually been a big pickup in renewable energy production, but it's mainly been solar. There are lots of solar farms all over Japan now, but they peak production during the middle of the day and peak electricity demand is in the early evening when people get home, want to cook, want to switch on all the light and switch on the air conditioning, and that's just at the time when the solar is not producing at full capacity. And so that's where we see this really, this problem occurring last week. So I think the longer term solution, which the kushida government has announced is to dramatically increase renewables. They're going to go from around 20% to 40% by 2030, that's his ambitious target, and that will include a lot of wind and a lot of perhaps tidal power and other types of renewable that will not go off at sunset, but he's also sticking to 20% nuclear in the long term, and a lot of people here say that is not a realistic target because there's so much social resistance to reopening the nuclear plants, although as we've seen this week, mister kishida is using this crisis to push ahead with that agenda of getting nuclear plants back on. To Sri Lanka now, where all supplies of fuel are expected to run out in the next day or so. The United Nations is warning that the country is on the brink of a humanitarian crisis with many people struggling to get enough to eat and medicines in desperately short supply. The government has run out of hard currency to pay for imports, and situation many blame on mismanagement combined with the effects of the pandemic which sought tourist numbers plummet. Our correspondent reginae fighting Arthur sent this
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"Central Bank is set to raise rates 1% its fourth straight interest rate hike significantly it'll also lay out how it intends to take uncharted steps to unwind to more than a decade of bond purchases policymakers led by governor Andrew Bailey are going to have to balance efforts to contain inflation at a 30 year high against the risk that raising rates will slow the recovery Now Boris Johnson is to meet his Japanese counterpart fumio kushida in London later today where they're expected to discuss a plan to help Asian nations diversify away from Russian oil and gas Meanwhile this comes as a UN says more than 300 civilians have now been evacuated from the war blasted Mario pole in a new safe passage operation in Ukraine And finally London's long awaited crossrail project is opening this month after yes and years of delays Bloomberg's Charles cape or has that story Officially called the Elizabeth line the railway connects the east of London to the west of the city and will open on May 24th subject to final approvals That's following years of delays and cost overruns so much so that it became a running joke for Londoners The line will run as four separate railways at first and connect as one by autumn this year the central section opening this month connects paddington to Abby wood while the services to Heathrow Airport and reading and shenfield are already running in London Charles cape or Bloomberg daybreak Europe Global news 24 hours a day on air and on Bloomberg quicktake.
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"News headlines now with bluebirds and a George monaghan up Good morning Caroline We start in Japan where prime minister fuma kushida's liberal Democratic Party held on to its majority in the general election averting a worse case scenario Bloomberg Isabel Reynolds reports Japanese prime minister fumio okita's liberal Democratic Party won a clear majority in Sunday's election defying many of the polls ahead of the vote The LDP lost only 15 seats in the 465 strong house putting the premier who only took off as a month ago in the strong position to press ahead with an agenda of seeking to narrow the disparities in society and pass an extra budget aimed at easing the economic hit of the pandemic His next electoral test comes in the upper house next year In Tokyo Isabel Reynolds Bloomberg daybreak Europe Here in the UK prime minister Boris Johnson insists the country will have a Christmas without restrictions despite a spike in COVID cases Another 38,009 new infections were reported across the UK yesterday There have also been a further 74 deaths reported within 28 days of a positive test but Johnson says he's seen no evidence to think any kind of lockdown is on the cards Now as cop 26 gets underway 2021 is expected to qualify among the hottest set in 7 years in history according to an early estimate by the United Nations all 7 of those years have been recorded since 2014 naturalists sir David Attenborough is urging nations to take action Would it.
TIME's Top Stories
"kushida" Discussed on TIME's Top Stories
"Local media reports sent Japan's imperial household agency, which handles the royal family's affairs, submitted legal paperwork to register the couple's union on their behalf on Tuesday morning. Under law, females lose their imperial status for marrying a commoner, with moko being the latest family member to leave the Japanese monarchy after aakko Maria in 2018. She now becomes plain Marco kamura, and the 9th princess to renounce her royal status in post war, Japan, with her exodus reigniting debate about the shrinking royal line. Women are not eligible to ascend the Japanese throne, and Succession must be patrilineal, which limits the number of possible future monarchs. Only three men can succeed emperor Naruhito is 55 year old younger brother, crown prince, akishino, his 15 year old nephew, prince. And his 85 year old uncle, prince Hitachi. An earlier poll from broadcaster NHK suggested that most Japanese would be ready to break from tradition by having an Empress or an emperor from the maternal line to ensure stable Succession. But the ruling conservative elite, including prime minister of fumio kushida, want to preserve the world's oldest monarchy the way it is now. They believe that the unbroken male line is essential to the legitimacy of the throne, says Jeffrey Kingston, the director of Asian studies at temple university in Tokyo. This isn't really about the facts. It's about a patriarchal ideology and the assumption that women wouldn't be appropriate as sort of the symbol of the nation, which the emperor is under the constitution. The concept of a female Japanese monarch isn't new, 8 empresses have taken the chrysanthemum thrown in the past, though all of them were descendants from the male line. It was only an 1889 that women were explicitly barred from ruling, an updated imperial house law in 1947, also stripped the royal status of 11 collateral family branches who shared a common ancestor with the imperial family. A princess will have to relinquish her imperial status if she weds outside the nobility. But this legal measure drastically reduced the pool of eligible males. Meanwhile, there were no princes born in the four decades after 1965, sparking concern for the future of the line. While apprehensions were eased in 2006, when prince ishita was born, the problem with Succession looms prince his shishito is the only male out of the 7 remaining royal imperial family members under 40. If all the unwed princesses Mary commoners, he will be the only Japanese royal left and speculation over the royal line will reappear. While his wife produce a male heir, that will be the only thing people care about, Kingston tells time. Kushida's government has tasked with addressing the issue being a leader of the conservative liberal Democratic Party and a member of the right wing nationalist group Nippon Kai, the.
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"Quick take This is a Bloomberg business lash From Bloomberg world Hank waters I'm Charlie pelota sudden acceleration to the downside here with the Dow the S&P and NASDAQ all declining We've got 13 minutes to go ahead of the closing bell but definitely a new leg lower here right to the numbers S&P down 16 now That is a drop of four tenths of 1% The Dow down 153 down 5 tenths of 1% NASDAQ composite index down 38 dropped there of three tenths of 1% Aztec 100 index down 5 tenths Russell 2000 an up day by four tenths of 1% down transports up now by 8 tenths of 1% Bottom line stocks lower across the board with the S&P down 17 down four tenths ahead of earnings tomorrow JPMorgan Chase reporting bright and early down now by 1% Stocks falling in a choppy session investors are awaiting the start of earnings season They're also weighing the risk of inflation as the fed gets ready to reduce its pandemic era stimulus Tenure of 1230 seconds ten year yield 1.56% stocks extending losses gold up four tenths of 1% spot gold 1761 ounce West Texas intermediate crude $80 48 cents a barrel So again repeating the equity numbers S&P down 17 down four tenths the Dow now down one 55 as stack lower by 39 I'm Charlie peleton that is a Bloomberg business flash It's three 49 on Wall Street This is Bloomberg The following is an editorial from Bloomberg opinion Fumio kushida won his new job as Japan's prime minister largely because ruling party insider saw him as the safe choice To have any chance of success he'll need to surprise them So far kushida has been circumspect about his economic plans beyond offering more fiscal stimulus and vague promises to boost wages and redistribute income This is hardly enough Kushida should also be urging fundamental labor reforms clothing to divide between regular and contract workers making it easier for women to have fulfilling careers and widening the pipeline for foreign workers to come to Japan And he should look for new ways to cut red tape and promote startups How much he can actually achieve will depend on his party's showing in future parliamentary elections But it isn't too soon for kushida to announce his ambition This editorial was written by the Bloomberg opinion editorial board I'm David chipley for more Bloomberg opinion Please go to Bloomberg dot com slash opinion or OPI and go on the Bloomberg terminal These has been Bloomberg opinion.
Bloomberg Radio New York
"kushida" Discussed on Bloomberg Radio New York
"From boom bags European headquarters in the City of London and Laura right with this Bloomberg radio business flash the MSCI age Pacific up 8 tenths of a percent and AK two G 5 up 1.5% remarks from Japan's prime minister kushida that he will not increase capital gains at this time as giving Japanese equities a boost The hanging up 2.2% tech shares getting a boost within Chinese markets hanging touch index is up 3.6% Australia's markets Right now down three tenths of a percent Sydney opening after a three month lockdown Looking ahead to European futures you're 50 futures flat to the upside E minis flat to the downside following Friday's jobs myth and it is Columbus day so cash treasuries are closed The Aussie tenure up 8 basis points yielding 1.720 The blue major sport index is flat cable at a one spot 36 handle up two tenths of 8% hawkish commentary from two Bank of England policymakers over the weekend Finally in commodities Brent crude price of $83 74 cents a barrel up 1.6% also iron ore up 6% price at $131 a ton That's the Bloomberg radio business flash His handed George with the world news morning Hannah It's leonora but thank you very much Sidney is emerging from more than three months of lockdowns with restaurants gyms and retailers allowed to open to fully vaccinated customers the state of New South Wales had been one of the world's most prominent success stories in containing COVID before the they introduced strict estate at home orders to fight an outbreak of the delta variants back in June meanwhile chief medical adviser Anthony Fauci is warning the U.S. should not prematurely declare victory against the virus He says infections remain too high for a return to normal Here in the UK a new report says the country's nightlife sector has lost around 86,000 jobs since the pandemic trade body the nighttime industries association says it's pivotal no further restrictions return to bars and to clubs It is also calling on financial support from the Chancellor Rishi sunak and from today over 18s in Wales have to show an NHS COVID path or proof they have been vaccinated to get into nightclubs and attend a large event That's in Wales People can only show they have had a negative lateral flow test result within 48 hours Those who do fake a result or vaccination status will be committing a criminal offense Global news 24 hours a day on air.
The Economist: The Intelligence
Fumio Kishida wins Japan leadership race, setting him up to become prime minister
"Japan's ruling liberal democratic party or ldp held its leadership runoff election. The last round was between two former foreign ministers. Kishida fumio and kotaro. Mr kushida came out on top. The ldp has dominated japanese politics since its founding in the nineteen fifties. So the party's new. President will be the country's new prime minister when tsuyoshi he steps down toy so in his victory speech. Mr kishida said that from today. I will with all of my energy. Get straight to work. How and where he will channel that energy though is still something of an open question as is how much. The electorate will support him. This year's election for the presidency was more unpredictable than most heading into the vote. Today there was some some genuine uncertainty about who would emerge the victor noah. Sneider is the economists. Tokyo bureau chief but this kind of free for all uncertain circus like for the mvp at least election campaign. I think really master distracted from deeper and more worrying trend in japanese politics namely growing voter apathy and disillusionment from the political process and given that apathy. How do you think it is that. Mr kishida came out on top. The dynamics of this election were a bit complicated. But let's unpack them. Konno tato former foreign and defense minister was the favourite in public and the favourite amongst younger diet members in the ldp who saw him as potentially more transformative figure who also crucially might help them keep their jobs in elections that are looming in later. This fall masan however is unpopular amongst. The party's old guard and and they see him sort of unreliable uncontrollable. He has a reputation for being a bit of a maverick so he won. The the vote of the rank and file in the first round of the party's election but he didn't win enough support amongst his colleagues to win the election outright so it went into a second round run-off there to she support from within the party really proved decisive. It is i think a result that reflects the enduring strength of the ldp's establishment and is in some ways the kind of rebuke of public
SPORTS GOOFS
"kushida" Discussed on SPORTS GOOFS
"That was found that. They're gonna continue that feuds that maybe you let archer and suzuki get over them i don't know that'd be cool. But the main events could be bryan danielson aka dan bryan that day. Right the yes guy from wbz. I used to talk a lot about going. It's kenny omega in a non title match about it. Making a non title really kind of tips. The nose or tips the hand. That danielson going to win. But you couldn't have a situation where someone who's an outsider. Just comes in winstar auto kenny when he beat everybody else as long as we're delaying the hangman title match. I don't know how far we're gonna go into that a very interesting seeing what we can do. I just wanna wrestling clinic. Bryant wants wrestling clinic. That's why he kind of left. W w a month every other reason why it's a dream match for sure. Let's see what happens. Go do it. let's happen. Let's have kenny lose. Start freaking out because the guy who was undefeated for awhile sex. Losing a bit gets paranoid. His best friends young volkswagen title. And then hang. Oh come in and take that belt. And then we'll have adam cole by doing some stuff in between casillas as you note all lead baby but listen. Aws got a strong roster now granted. They sign like everybody that w released but one man strache is another man's But i look at it. This way was the purpose of going buying diet coke coke but limit the amount of proteins that cop. You still get that sweet fresh taste but not the overcoat which is white. Wb heads do us up with rematches gabor stall storytelling hct l. storytelling goldberg All this stuff comes into it. I'm leaving a to a degree maybe But they were going to wb. So i got break. The circus last time i had her come back from the show. Returned last added a loss of happened. Wbz as we're going off the air tomorrow chop is your new wbz. Champion as you know our love samoa. Joe had vacated idle for whatever injury happened so they held a fatal four way to champa. One it. I'm happy for that considering the fact that vince mcmahon is want small midget bonilla men and chop up my be cornered into this situation but now he has his second title run with the title. He never lost. Probably gonna drop it really soon. That was happening last week but while we were on the show there was another title. Change this what's going to happen often francisco now. They've been spanish running. Annex t kushida an see cruiserweight champion has held it since april dropped talented rodney strong. Who i love. Roddy i love kushida. My disappointment is when exactly as you predicted to happen. When there's vincent man running a thing a show a match when there's squat of people each other the squad interferes with And initiating that's can't we just have that you'll win title swear i understand. He's a he'll there. There's different ways how he does. The gimmicks gimmicks needed won't annexed team was supposed to be more about like wrestling matches at. I like a little schmoozing. my roughly. I think it's needed but is really going to bring diamond mine. Which is the faction that part of up there more so than just and help establish roddy as a leader or would have been better if he just kinda like to shida plus i just want to watch banger no longer. Are we going to be in a situation to which i can..
The Mr. Warren Hayes Show
"kushida" Discussed on The Mr. Warren Hayes Show
"His head or close to like a bit of a sloppy spot but the diamond mine right now is the is. The is the most fun thing on an extent. It was for weeks. Then tyler Whatever they call them hit the bricks. They tossed his ass out. Not only add these two guys they have. Rod is still one of the best workers in the company now divided Shoot what's her name Ivy nile. That the that one who competed on that one american ninja was it was it american. Ninja or american gladiators or Wipeout it was. It was one of those I look i. I like i like i like the creed brothers. I want more of them. I want more diamond mine. Roderick strong versus kushida should be great titan games. Thank you. I was one of those things in its i the all sorts of mishmash together like look. I'm i'm i'm an older guy. I told you this. So i remember like the original american gladiators and everything after that is a copy of original american gladiators. I don't know what you're doing but Yeah this was cool like i like the creed brothers. And they look. They're building. they're building them properly bringing them in giving them Lebron's tossing them around for like two three minutes getting squashes. What more do you want. That's how you build guys. I keep saying it so whenever. Wwe doesn't allow do this more this more and and they're not wasting our times with promos from the creed brothers although it's still early but we have been got a we haven't got anything where they go. Oh yeah when we were growing up. We were bullied at school. Know bullshit like that. We're just.