And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru Ishiba itjumped because Shigeru Ishiba supported the independence of the central bank, as opposed to his opposition,. They again started to weaken when people thought she was going to win. Each the opposition was seen as a protege of shinzo abe. Hurricane when Shigeru Ishiba was elected, the young strengthened again. Im not sure there will be a massive reaction on monday, but we will see. Reaction on monday, but we will see. How would you describe the state of the japanese economy right now . There was spiral it was courting for a long time. Unlike the rest of the world, japan had been suffering from decades of falling prices. As far as i can remember growing up far as i can remember growing up injapan, prices never went up. Inflation is finally there and consumers have been feeling the pinch. It was caused by external factors like the war in ukraine. Prices are now starting to rise. Wages, which remained flat for decades, are also starting to go up. The normalisation of the monetary policy. It is probably in a better state than where we were before. ~ ,. , thank you. To the us now where trade tensions with china are being ramped up today as Import Taxes or tariffs on a range of chinese made goods are going up sharply. Thats despite a last Minute Appeal on thursday by the Commerce Ministry in beijing for washington to reconsider. China is desperate to dig its economy out of a slump. In the last few hours it has cut the cost of borrowing and pumped money into the banking system. As the bbc� s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time, the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include A100 Duty on electric vehicles made in china, well, that theyre largely symbolic, especially since chinese evs arent currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris and former President Donald Trump have clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports, while miss harris has said that his proposal would raise prices for the american people. Staying with china, its Stock Market has hit a 16 year high at the end of a week in which dramatic new economic stimulus measures were announced. The cost of borrowing has been cut and more money pumped into the banking system. Thats helped Boost Markets around the world. Lets have a quick look at the numbers. Here in europe, the main indices are performing strongly. Here is where Hong Kongs Hang Seng ended the day, along with japans nikkei. The Shanghai Composite ended 2. 88 higher. Susannah streeter from Investment Firm Hargreaves Lansdown said the stimulus had lifted markets across the board. Certainly this big Stimulus Package in china, which has been described as a � Shock And Awe move. I mean, certainly the Peoples Bank of china pretty much threw the Kitchen Sink at chinas growth problem. That certainly has lifted sentiment towards Chinas Economy and the Stock Market, which is why youve seen this real surge in investor sentiment. A lot has gone down, so the Peoples Bank of china has lowered key Lending Rates right across the board. Theyve lowered the amount of Capital Banks need to keep in reserve. Theyve lowered the ratio, the deposit ratio, for home buyers, as well. So theyre really trying to stimulate lending and try and boost economic growth. Whether that will work, it remains to be seen. I think this rally may be a little bit short lived because ultimately consumers still feel very cautious. The Property Market has been in crisis for around three years. Thats dramatically affected confidence, particularly with House Prices still falling in many key cities right across china. It looks like targeted Fiscal Stimulus will also be needed to really help the economy turn a corner. How important is the ceo to the success of a company . In recent weeks, boeing, nike and starbucks have all changed their boss in an attempt to change their fortunes. Thats the subject of this weeks Talking Business and my Colleague Mark Lobel has been talking to the entrepreneur marcia kilgore, the woman behind Fitflop And Beauty pie. He asked her what weighs most heavily on her shoulders when running a company. It is really the human Cost Stop making sure that everyone is given an opportunity to flourish in whatever it is they have been hard to do within the business. It is so important for me that we are able to pull from each individual to talent that they both naturally have and are able to develop over the course of their time within the course of their time within the business. It can be really a difficult thing to manage amidst all the other pressures that you have. It is a hard balance to find. That you have. It is a hard balance to find. How did it all store for balance to find. How did it all store for you . Balance to find. How did it all store for you . How balance to find. How did it all store for you . How did balance to find. How did it all store for you . How did you. Balance to find. How did it all. Store for you . How did you know you could succeed as a serial entrepreneur and run company after company . After company . Here is the thin , after company . Here is the thin, i after company . Here is the thing. I still after company . Here is the thing, i still dont after company . Here is the thing, i still dont know after company . Here is the | thing, i still dont know that im a successful entrepreneur. Part of being wired as an entrepreneur is you are not really wired to believe it. You think everything will explode if you make one small misstep. I am down in the details, most likely to my own detriment, just because i really want everything to work and i always believe that it is too good to believe that it is too good to be true. Believe that it is too good to be true. Theres lots more on what it takes to be a successful ceo on � Talking Business this weekend, right here on bbc news. Now to a fraud warning. Are you sure the peope you will speak to on Videocalls Today who they say they are . Generative ai is behind a new phenoemon so called � ceo fraud, impersonating Company Officials to steal money. One case in Hong Kong saw a Finance Worker tricked into handing over 25 Million by an Ai Clone of a senior executive. Our cyber correspondent joe tidy, along with his clone, have been investigating. This is an Ai Clone, notjust of my Face And Voice, of my thoughts as well, trained on my public profile. Hello, joe. What is it thatjoe tidy likes to do for fun . I enjoy participating in triathlons, marathons, and wild swimming. I also like golfing and i am a movie geek. Aside from the long delays, it works pretty well one to one. What if i send it to a Work Meeting . These Ai Clones are more about attending meetings than doing the whole job. It keeps things interesting, though. There is growing excitement for Al Clones across the industry. The ceo of zoom says that in the future well be able to off load some of our more mundane meetings to the bots. It sounds bonkers, but things are moving fast, and of course criminals are experimenting too. Police are investigating in Hong Kong after cyber fraudsters used some sort of ai Face And Voice clone to trick an employee during a live video meeting. 25 Million was transferred in a fake deal in february, thought to be the first case of criminals using live cloning tools to carry out a so called ceo fraud. But Ai Voice cloning has become far more common. Martin, upon sending the ndi, i will be able to furnish you with additional details to ensure the successful completion of this operation. They were quite lifelike, and actually later on in the process when i actually forwarded these to someone who has known him for years, he actually said, ok, that could be marco. Martin was targeted by criminals who sent him voice notes that sounded like his new boss, and almost convinced him into transferring £800,000 to them. They only need a few seconds, apparently, of speech to work with, and they pick up the mannerisms, they pick up the language and the way it is used, and theyre actually quite believable really. But what about sending a full Ai Clone to a meeting on your behalf, then, for noncriminal purposes . This is the weekly Tech News Planning meeting. Hey, hows it going . Good, thank you. Oh, it is al, isnt it . It is al. Its definitely ai. I said it was alto start with. The blinking was so weird. This Ai Clone, then, was fooling no one. But the creator says there is potential. If i say, hey, i have an assistant, its ai, you would have a completely different set of expectations. Face swapping technology costs a lot of money to do right, but again, everything gets cheaper, and it happens so fast. All the perils and positives of Ai Clones are coming at us fast. Clearly, were going to have to start working a lot harder to make sure we know whos on the other side of that screen. Joe tidy, bbc news. Alarming stuff. That is your business today. Stay with us here on bbc news. Hello from the bbc sport centre. Im hugh ferris. The draw for the Group Stage of the womens Champions League is about to take place with some of the 12 teams who made it through the Play Offs securing their spots on thursday night. One of those teams are scottish champions, celtic, who beat Vorskla Poltava of ukraine to reach the Group Stage of the competition for the first time. Theyjoin the likes of real madrid, Manchester City and arsenal in fridays draw. Weve got the confidence and at half time to know that we can do this. And, yeah, Ithink The Second Half we were really, really good. Just crazy. Like, two weeks ago ijust signed. So to now be playing in the Champions League, scored a goal and really good for scottish football to have a team now in the Group Stage of the Champions League. And im just delighted that its us thats managed to do it. So the 12 teams who made it through the Play Offs join the four seeded clubs, the champions of the four major womens Domestic Leagues chelsea, bayern munich, lyon and holders barcelona. They will be in pot one, with the others distributed alongside them over the next hour or so. The extraordinary start to kamindu Mendis Test Career has continued with the batter scoring a fifth century in just 13 innings for sri lanka, matching the record set by The Legendary Australian sir don bradman. Kamindu is also the first batter in the history of Test Cricket to make a 50 plus score in each of his first eight
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