Suspected of developing Nuclear Weapons and the countrys development of advanced center fugues. Officials haven kated indicated there is a broad agreement when iran would limit Nuclear Development and when sanctions would be lifted. However, they indicated that there are still differences of opinion. All sides hope direct negotiation against the Foreign Ministers will resolve the remaining points. Some people in japan have high hopes the talks will end with an agreement and could tap into irans source of oil. Iran has the worlds fourth Largest Crude Oil reserve and the nation was once the main exporter to japan until the u. S. And european nations placed sanctions. Leaders in tokyo responded by pulling out of a Development Project at one of the largest oil deposits in the middle east. In tehran threatened to close the most important route for crude shipments. Experts say resolving the issue could pave the way for japanese firms to enter irans market. They say if those 78 million customers and many resources. European officials are trying to figure out the next move on greece. The leaders of france and germany say despite them voting the door to the negotiation room remains open and urging the greek government to come up with a serious proposal. French president and german chancellor met in paris. Translator its up to the government to make a serious credible proposal so their desire to stay in the eros zone can be realized. Translator time is of the essence and we insist a greek proposal must be on the table this week. So we can deal with this situation the way it is at the moment. Moment. Greek Prime Minister spoke monday by phone and told her hes ready to present a new proposal at tuesdays eros zone summit meeting. The details of the officer are not yet known. Greek government officials announced they agreed with banks to continue limiting the amount of daily withdraw ls. Financial institutions in the country are due to reopen on tuesday. The capital controls have been in effect since last week to stop the out flow of cash. Analysts are concerned that the prolonged controls could have serious impacts on the nations economy and peoples livelihoods. And those greek banks may be set to reopen but they may not have much cash on hand making matters worse, their sole lifeline is stretched to the limit. Were joined from the business desk they are finding themself in a tight squeeze. They have no way to tap into the financial market. Thats essentially a march joy problem as trust in the banks has sunk so low they are relying on emergency liquidity assistance from the European Central bank to stay afloat. The ecb is moving to tighten condition to fund them. Board members had an emergency telephone conference on monday ecbs decision will likely strike a further blow against greeces banks. They will require the institutions to provide bonds as collateral because the volume of greek debt sank as the bailout talks founder. The countrys bank may see a drop in the amount of funding they could we steve from the ecb. Board members decided not to lift the lending limit rejecting a request from athens. Now uncertainty over greece remains in the markets but investors reactions was more muted than many expected. U. S. Stock prices ended a little bit lower bouncing back from a sharp sell off at the open. The Dow Jones Industrial average inched down a quarter percent on monday and nasdaq closed down 0. 3 . Now for more lets go to the tokyo stock exchange. Good morning. Looks like everyone was prepared for the worst on wall street but stocks regained some of the lost ground. What is behind that rebound . Good morning ramine. The initial reaction was to sell stocks, but an analyst i talked to this morning said the muted reaction was mainly due to a couple of key points but before we go to that lets take a look at the opening levels in tokyo as we kick off a very good day. Shares are rebounding from yesterdays losses. The nike up over 1 and the topix. What is behind the muted reaction in new york and you are pop, an analyst said one, the market expects a compromise on greece and actually, the resignation of the greek finance minister boosted hopes for fresh discussions between greece and creditors and two, investors expect the European Central bank would prevent connotation to other eros zone countries. These factors are definitely supporting the downside and one of the other reasons behind new yorks selling is because the markets in europe didnt fall as much as many expected. So all eyes will definitely fall on that. Now going back to tokyo, some of the individual stocks that ill be definitely keeping track of as Energy Related stocks here in japan because Energy Stocks plunged in new york after crude Oil Prices Drop to a threemonth low. So well see how that plays into japanese stocks and also watch out for Companies Holdings and the Banking Sector and it looks like the worlds major asset manager black rock purchased the stocks and black rock is a huge money manager, global money manager thats recently buying up more and more japanese stocks. Weve been covering china, as well shanghai composite doesnt really look to be stabilizing that much. Exactly. With so much going on and greece focus tends to fall on europe and chinese stocks going down significantly, the shanghai composite is down 30 in three weeks, the government failed to calm the markets after announcing some fresh supporting measures over the weekend and yesterday hong kong tumbled posting the worst oneday performance in three years. So some analysts are saying that china could be a bigger problem than greece. So the moves on china are also a big focus today. Now over in currency markets, the eros is being bought back a touch of skidding near a sixweek low in the upper 133 but now its in the mid 134 yen. Analysts say the resignation of the greek finance minister is a positive and prompt by back of the eros. However, dealers are still favoring the safe haven yen. Dollar yen around 1 22. 69. So the keyword for today is greece and china. Ill be back in a couple hours but for now, thats it for me. Greece and china. Thanks. Now china has named its candidate to serve as first president s of its new Development Bank beijing nominated former vice finance minister ching lee chin. He played a key role in the establishment and served as former Vice President of the asian Development Bank. A Chinese Foreign Ministry Spokesperson told chen the right choice. Translator chen has abundant experience in leadership and management and the Government International institutions and private sector. The aaib is expected to be established by the end of this year with 57 Founding Member countries. The vote to select as president will take place at the first meeting after the banks establishment. Chen is favored to get the job since china has effective veto power with 25 of the Voting Rights on the bangs board. Leaders of five countries in southeast asias mekong river area were there to talk about aid, trade and some tricky political issues. Nhk world has more. Abbi greeted the leaders. They meet every year to strengthen economic ties and discuss ways to develop infrastructure infrastructure. Fresh aid of more than 6 billion was promised and looking for political support. The leaders expressed concern about the situation in the South China Sea where china has been reclaiming land. Translator japan will continue contributing to the peace and stability of region under the policy of proactive contribution to peace. The countries are members of the association of Southeast Asian nations. Hundreds of people from Japanese Companies are here to find out what the president and Prime Ministers of the countries plan to do to boost the leaders attending the summit say they need Japanese Investment to develop the economies. The Prime Minister says the region has huge business potential. Translator the countries have an advantage in terms of geographic location, a market of more than 300 million consumers. The economies there are fast going and continue to grow. Vietnamese Prime Minister says his country is actively pursuing free trade deals with developing countries. Translator were trying to conclude the chance Pacific Partnership talks, which the u. S. And japan are also part of. I am certain that vietnams economic potential will provide many opportunities to Japanese Companies. The president says his country is building a port and special Economic Zone in the southern part of the country. He says it will help foreign firms do business in the mekon region. The area is crucially located for transporting goods between the pacific and indian oceans and we believe that the countries and japan must Work Together to develop it. Japanese Company Managers welcome the chance to hear the leaders talk about economic strategies. Translator i really felt how enthusiastic the leaders are about attracting companies to the region. It meant a lot to hear the vietnamese president talk about free trade agreements. I get the impression hes thinking from a global perspective. Leaders of the countries in japan are talking up the growing trade and political bonds. At stake is the future of one of the worlds most dynamic economic regions. Thats all for Business News for this hour. Ill leave you with a check of the markets. Japanese Power Company officials are taking steps toward the countriess First Nuclear reactor start. They will load fuel up located in southwestern japan. Officials with the electric Power Company plan to put nuclear fuel into the number one reactor. The operator says staff will work around the clock completing the job in four days. Company officials shut down the reactor two months after the 2011 disaster. They had removed all of the fuel by the end of january 2013. They plan to restart the reactor in mid august after safety checks. Following the 2011 disaster government authorities put into place new regulations for Nuclear Power facilities. The plant became the first to get approved for operation under the new rules. Residents of a town near the plant will be able to return home later this year. The japanese government will lift the Evacuation Order in early september. The towns mayor has met with the head of the governments local task force on the nuclear disaster. He said lifting the Evacuation Order on september 5th will meet the expectations of residents and make it possible to rebuild the town. The mayor accepted the town. The ban was scheduled to end in august but that was postponed because of radiation and lack of med medical facilities. There are mixed reactions to the decision. Its good timing. If we dont go back soon we wont know how to move on with our lives. Translator ill be happy to be home home sweet home. Translator its a very difficult decision. Even after decontamination efforts, there are still some spots with high levels of radiation. The Nuclear Accident in 2011 forced owl aftall of the towns population to relocate. Other municipalityies were subjected to complete Evacuation Orders. First to have the order lifted. Members of a Lower House Committee have heard expert views on a set of security bills they have been debating for weeks. The Ruling Coalition wants the commit toytee to vote july 15th. They would allow other countries to exercise the right to collective selfdefense under certain conditions. The special Committee Held one of the hearings in the southwestern prefecture that hosts more than p 70 of facilityies facilities. I approve of the legislation because its defense oriented only allows the use of force to protect our country. Im afraid the contents of the bills are difficult to understand. I hope the government will give more thorough and detailed explanation so ordinary people can understand the bill. But the mayor has a different view. He referred to the central governments plan to move a u. S. Air base to the district in his city. Translator the governments handling of the legislation is similar to its handling of plans to relocate the u. S. Base. Government officials always say they consider the feelings of the people of. What they actually do is quite different. The mayor mentioned chinas mara tileitime act tvties. Japan controls the islands, china and taiwan claim them. Translator Chinese Government ships have repeatedly entered japan easter toreerritorial waters. We are extremely worried. The security legislation is very reassuring because it would strengthen deterrents. I hope the bills will be enacted after careful deliberations. Some government officials, politicians and burro cats think the peoples right guaranteed by the constitution can be ignored for the sake of security policy. Some people appear to have come to approve such a stance. Thats very scary. The governing parties want to have the bills clear the committee next week after holding a public hearing. The governments top Spokesman Says japan has repeatedly protested to china over its development of new natural gas fields in the east china sea. Translator we have protested again and again to china over the unilateral actions including builds new gas platforms. We have demanded that the operation be halted as well. The government has confirmed that china has been building new plant forms in the sea since june of 2013. He says the sights are on the chinese side of the median line that celebrates two countries exclusive Economic Zones. Japan and china had been negotiating a treaty to jointly develop gas fields around the median line. But the talks have been suspended since 2010 when a chinese fishing boat ran Japan Coast Guard patrol ships off the islands. Conservationists are worried about a rare snail species thats under threat in japans islands if the snails are wiped out, the region may lose the prized World Heritage staters. The ogaswara lie 1,000 kilometers from tokyo. The best preserved echo system. The island is uninhabited and strict controls on entry. Our team could go with government researchers. We hiked for three hours. Translator here is a young one. This is what we came for, the snail is found only in here. It is one of the main factors in the islands world Natural Heritage listing. More than 20 varieties originate from a single species. Depending on their surroundings they have evolved over 3 million years into different colors and shapes. The ground welling type is brown. It blends in with the soil. The tree snails are green, which helps them hide among leaves. Even so the population is falling. On this day, the researchers can only find four. What they did uncover in quantities were the shells of dead snails. Government scientists conduct an annual survey of the numbers. They divide the island into sections and estimate how many snails live in each part. Last year the numbers fell significantly. The scientists blame a predator black rats are eating the snails. The rats are not native. Its thought they came to the island on boats. The problem was known before the World Heritage listing. Environment officials spread a large amount of rat bait from airplanes. At first, the poison seemed to work. But the surviving rats appear to have multiplied. The government planned another round of poisoning, but gave up due to opposition. People felt there was a risk of harm to other species. This february local people together with Environment Agency officials began a campaign to trap the rats. So far, 1,500 traps have been laid. They must be set one by one. But their effectiveness is limited since they cant be placed all over the rugged island. Experts fear that if the snail population continues to decline, some varieties will be extinct by next year. Translator i think were at a critical junk tour. We may have give up the listing. They prompt to revise the heritage listing to a status of Natural Heritage in danger. Thats a title everyone would like to avoid, not least of all, the snail. Its time for world weather. Two of the three systems in the western pacific are turned into typhoons. Yes, we are looking at three systems and two are a strong typhoon status. Lets start off with linfa because weve been tracking this over the sailme waters for the past few days. Its impacted this island with very saturated land and also some flooding that we are still concerned with because this is continuing to accumulate a lot of rainfall because of the westerly flows towards western and impacting taiwan. There are images coming from there with wet and windy conditions and waves are high out there. Rough surf at the coastline on monday forcing beach goers out of the water along the southern coastlines of the island and meter logical departments. Even though the storm is knot expected to make landfall until thursday, it will add the accumulation of rainfall. Flooding will be very high risk. We see another round of very heavy accumulations chasing after that. Well this is wind gusts reaching 180 kilometers an hour and will upgrade to typhoon and gusts up to 252 killometers per hour and makes its way towards Southern China and hitting the southwestern islands of japan. Say by the time that it makes intensifying, it will pull into the areas where the land is well is the rated from the rainy season. Out here across a little bit further towards the west is a typhoon two but likely to become a strong typhoon. So this area will be affected for the next couple days so keep a close eye on this system. You see three pink moving along all the way into the east west. This is going to be affecting much of the area where the land is prone to flooding. The rainy season is moving tort north affecting southern peninsula 15 millimeters of rainfall will fall in an hour across the southern tip and likely to see about 200 mill millimeters of additional rainfall. The southern will be seeing the rain taper off but now towards the Northern Areas with 100 mill mite meters of rainfall and tokyo on and off showers at 24 degrees. Heat advisories in place in northeastern china and look heating up to 30 on your tuesday. Now Severe Weather is impacting here in the americas. Its a line of that creating lots of hailstorms, but this actually created hailstorms across parts of alberta. This issis image from the area where they were enjoying a festival saturday. The hail fell for about ten minutes. This was an incredible image from here. Thats a quite dangerous situation but now affect the western great lakes into northern texas so anywhere along it strong gusts and tornados cannot be ruled out. Out towards the west of that the Pacific Northwest is still seeing those temperatures soaring into the 30s. Again, isolated dry thunderstorms could ignite more wildfires, so please do watch out for your flammable items. Ill leave you now for the extended forecast. Thats all for this hour on news line. Thank you for euromaxx highlights. And heres your host, louise houghton. Louise thanks for tuning in to our highlights show, where we bring you our reports from the past week. Deep down underwater videos by the ocean brothers. Animal magic a magician from finland plays tricks on dogs. And fast and furious exploring the wacky world of water rides. The first underwater film was shot back in the 1940s. Since then, the ocean dehs haveeen recordedy a
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