Positions overnight. We dont know what will happen. Even in japan yesterday stocks snapped their earlier gains to close down 4 and we just saw the nikkei reverse those gains right now. We may see another volatile day as chinese stock market swings again. Just had a look at the stocks. All over the place, positive, negative. Currency markets no stranger to some of these wild swings, mayu. Give us some of the levels, specifically dollar yen. Well, the dollars doing a little bit better right now. The dollar recouped some of its losses after chinas Central Banks fifth rate cut since november but its still in a down trend, 118. 75. The euro is edging lower after hitting 117 level monday. Its around 1. 1556. So some are buying back the dollar after purchasing currency to avoid risk like the euro and the yen. Big focus will be on the shanghai composite. Well see how it reacts to chinas rate cut. Ill be back with an update in a few hours. Back to you. Very much looking forward to that. Mayu yoshida reporting live from the tokyo stock exchange. The Life Insurance market in japan is due to shrink because of lowering population. They hope to consolidate their management bases and improve profitability by working together on projects. Sources close to the matter say nippon life plans to buy more than twothirds of mitsui life shares for several billion dollars. The two sides aim to reach an agreement next month. The Business Environment for insurers is likely to become more severe as historic low Interest Rates eat into their profits. Japanese Life Insurance companies are requiring domestic and foreign rivals to expand their businesses and increase profitability. Meiji Life Insurance decided to buy Stancorp Financial Group for about 4 billion. Daiichi Life Insurance acquired protective life of the United States for roughly 5. 6 billion in february. Chinese authorities have been busy liberalizing the finance industry and trying the stir up Competition Among commercial banks. Central Bank Officials have announced that the latest move in that direction, theyre lifting a cap on Interest Rates for time deposits with terms longer than one year. The ceiling used to be 1 1 2 times the base rate. From wednesday, commercial banks are free to set their own Interest Rates for these longer term deposits. Officials at the peoples bang of japan say it remains for terms up to one year as well as for regular savings accounts. Chinese officials liberalized loan rates to businesses in 2013. They launched deposit insurance in may this year to shield consumers from bank failures. And thats it for Business News for this hour. But ill leave you with a check on the markets. Members of the Islamic State militant group are released images showing a temple in the city of palmyra being destroyed. The five images distributed on social Media Tuesday show militants laying explosives in the temple baal shamin. Baal shamin was built in the First Century and was considered one of the best preserved Cultural Assets in palmyra. Islamic state militants have demolished many other cultural properties. Concerns are growing that they may destroy more in palmyra. They took over the city in may. Ahead of the International AtomicEnergy Agency says it will be possible to check whether an Iranian Military facility suspected of developing Nuclear Weapons in the past is doing so again. Iaea Board Members met to discuss how to monitor whether iran is following through on last months final agreement with six world powers. Yukiya amano told the meetings that the process would require and urged them to cooperate. It didnt clarify if they would be allowed to enter the facility outside tehran. One option is for iran to provide images and video of the facilitys interior for inspection. Amano says there are various ways of undertaking the verification activities. The important thing is it should be technically sound. It should be in line away from the established iaea practice and very important element is that it should be we should be able to technically authenticate it. The issue of inspections was a focus of the talks between the country and the world powers. German government authorities are trying to deal with a wave of antimigrant attacks. They estimate that up to 800,000 people will apply for Refugee Status this year. Thats four times last years figure. But not everyone is welcoming the newcomers. A gymnasium intended as a shelter for Asylum Seekers burned down tuesday near berlin. Police suspect it was deliberately set by neonazi or other far right groups. An antimigrant rally turned violent in an eastern town. More than 30 Police Officers were injured. Interior Ministry Officials say more than 200 crimes targeting refugee shelters occurred in the first half of this year. Protesters in hong kong are demanding the release of all the human rights lawyers who were recently detained by chinese authorities. About 30 members of a Group Supporting the lawyers and other activists in china marched on tuesday in central hong kong. They carried about 700 post cards with protest messages written by local residents. They mailed them to Chinese Security officials at a post office. The fates of the detention was not even made known to family members. He says the authorities have detained or questions more than 270 people. 24 of them are still being held or under house arrest and five others are missing. Singapores government has announced that a general election will be held on september 11th. It will be a test of the ruling partys long hold on power ever since the countrys independence from malaysia in 1965. The founder of the party and singapores first Prime Minister lee kuan yew died in march. Singapores parliament was dissolved on tuesday, the last elections in 2011, the Peoples Action Party won 60 of the vote. Its smallest share ever. The election setback was blamed on public unhappiness over immigration and the rising cost of living in a slowing economy. Lee kuan yew still casts a long shadow over the island nation. The founding father transformed a rustic port town into a world class financial and trade hub and his recent passing has rekindled praise of his legacy. The Upcoming Elections have been called one year ahead of the deadline. The country celebrated its anniversary on august 9. Prime minister lee hsien loong used i had Facebook Page to explain why he called the vote. Me he is seeking a mandate to take singapore into the next century. Analysts say the timing is no accident. They hope the ruling party is hoping the recent attention on its past achievements will translate into more votes. Jan ans maritime selfdefense force has sent a team to australia to help promote the countrys bid for a project to develop a new fleet of australian submarines. The cooperation of japans maritime selfdefense force and the Australian Navy will help ensure and improve security in the ocean. Japan is participating in the Competitive Bidding process along with france and germany. Australias expected to choose a partner for the joint project by the end of the year. Nine officers accompanied by officials from the Defense Ministry and japanese manufacturers visited local firms. Theyre scheduled to exchange views with the australian side on wednesday regarding how they would share their roles in the joint project. The japanese government last year adopted guidelines for the three principles of transfer of defense equipment and technology to other countries. Based on the guidelines, the National Security council decided in may that japan would enter the bidding to jointly develop australian submarines. Organizers of the 2020 tokyo him pick and Paralympic Games are casting their attention toward Rio De Janeiro. Theyre watching as the city gets ready to welcome the world next year and theyre trying to learn as much as they can from the first se to host the event in south america. Nhk world has the story. Reporter a series of test events were held in Rio De Janeiro. One of them was triathlon. The slope near copacabana beach. The organizers in the city are checking how to run the event smoothly. Members of the Tokyo Organizing Committee visited Rio De Janeiro a few days after the city began its oneyear countdown. They inspected a venue in a district in northern rio which will host equestrian events. They wanted to check preparations and how organizers plan to run events. The International Olympic committee hosted the visit. The tokyo officials were guided around some venues by their brazilian counterparts. They visited a center for the games management, a residence for participants and an area for supplies and equipment. Tokyo organizers paid attention to how precision equipment wa l with low heat tolerance was being kept. They examined mobile base stations which are essential for communications. Translator we must reflect their experience here through the test events and the real games next year and learn how to manage operations for the tokyo games. Reporter many japanese parties hope to host Training Camps for athletes coming to tokyo. Theyre keen to learn from brazil. Officials from this prefecture visited this estate in brazil. Athletes will hold Training Camps there before rio. Yamanashi officials want to see how they, too, can attract foreign teams. Translator we want many countries to hold camps in our prefecture since yamanashi is close to tokyo. Reporter many other prefectures are expected to follow in trying to attract athletes to their cities and towns. Tokyo has five years to get ready for the 2020 games. Organizers will need to monitor preparations in Rio De Janeiro and push forward to make a strong show of their ability to organize one of the worlds great sporting spectacles. Reporting for nhk world. Were bringing you a twopart series on how more businesses in japan are adapting to the needs of the disabled. Today he lowe look at a hotel o island of hokkaido that has looked to become more accessible. Reporter this man holds a key card over a sensor to enter his room. The door opens automatically. Its just one way that managers here are trying to make things easier for disabled guests. Barrierfree hotel asunado opened in otobe, a town in southern hokkaido. A company that provides social Welfare Services bought an old hotel. The firm spent about 5. 7 million to give it a makeover. The hotel is now barrier free. This room has no steps. The bathroom is spacious. Guests can enjoy a warm soak in the hotels hot spring bath. A special wheelchair takes them down a gentle slope into the soothing waters. Translator the bath was nice. It was worth coming here. Translator it was easy for me to help my mother take a bath because she didnt have to get out of her wheelchair. I hope more hotels like this will open in hokkaido. Reporter members of the hotel staff can use this special wheelchair to evacuate special guests if theres a fire or earthquake. This is the head manager of the hotel. He see the expansion of the Bullet Train Network as an opportunity and a chance to contribute to society. Translator we want to offer services you cant find anywhere else in japan. We can do that if we have a good facility. We want to be ready when disabled people from all over japan start taking bullet trains to hokkaido. Reporter the hotels hiring practices reflect its social conscience. 20 of its 31 Staff Members have disabilities. This is a waitress at the hotel restaurant. She graduated in march from a school for disabled students. Sato was nervous when she started working at the hotel. Translator im not good at being in front of people and serving them. Its not easy. Reporter but after training, she now serves customers with a smile on her face. Sato wants to grow as a person through her job. Guests like her positive outlook. Translator she takes good care of us. I like her. Translator the more customers we get, the harder i want to work to make their stay enjoyable. Ill keep improving my skills to better serve our guests. Reporter managers hope to spread the word about the hotel nationwide. They want to make it as barrier free as possible before the new bullet Train Service begins. Summer temperatures in pakistan regularly soar above 30 degrees celsius for months on end. People go to Great Lengths to keep cool. Nhk world sought local advice on islamabad on how to beat the heat. Reporter during pakistans long rainy season, the heat feels intense and endless. Young people seek swims in the rivers. Its refreshing if only for a while. Translator its so hot that i feel i cant breathe. Reporter this shop just outside islamabad has a cool solution. A pakistani dessert made with rice noodles called faluda. The faluda is made of ice cream and topped with sweet syrup. Now i want to try faluda. This is a very smooth and tastes good. This is very famous food in summer in pakistan. The shop also sells a curious summer beverage. Milk and faluda they add condensed moiks sliced almonds and crushed ice and mix well. The rice noodles are crushed, making a smooth, sweet drink. It sells for about 80 cents a glass. Translator its so nice and cold. Its very soothing, too. It tastes twice as good when you get faluda in it. Im happy. Reporter a threehour drive from the scorching hot capital islamabad leads to the perfect family getaway. Mohammed akbar has come with members of his extended family. They hop into a carriage and set off to explore a tunnel. Translator it was hot outside, but its cold inside. Reporter the temperature inside sometimes drops to 18 degrees celsius. It feels chilly when compared with outside. The tunnel used to be part of a salt mine and mining still goes on here. An unusual gallery has been opened to the public. The admission price is about 2. Traces the of iron and magnesium in transparent salt rocks give off mysterious red and orange glows. He of iron and magnesium in transparent salt rocks give off mysterious red and orange glows. E of iron and magnesium in transparent salt rocks give off mysterious red and orange glows. Of iron and magnesium in transparent salt rocks give off mysterious red and orange glows transparent salt rocks give off mysterious red and orange glows. Translator i wish i could build a house in this tunnel. We could keep ourselves cool without electricity here. The children would love it living here. Reporter pakistans brutal summer is far from over, but now i have a few more ideas of how to beat the heat. Reporting for nhk world, islamabad. Lots of smiles there. People in tokyo, well, they may not be smiling as much. Seeing gray skies and rain this morning. This is after residents in western japan were hit with heavy rain and damaging wind. Meteorologist robert speta joins us with the details. Yes, actually, this showers we are seeing out here on our wednesday is somewhat associated with whats left of goni out towards the west. What you can see here on the satellite imagery is really our storm over the past four days you remember it was down here towards the south as a very strong typhoon, almost near a violent intensity. It brought record breaking winds. Moved across western japan. Now it is getting more spread out because of interaction with the jet stream. One thing we are seeing is a lot of moisture getting pulled in from the southeast across eastern portions of japan including tokyo. Were looking at rain showers. Its indirectly associated with what is left of goni, no longer a typhoon an extratropical low. Winds down in ishigaki. Highest winds ever recorded on that island. Theyre very typhoon prone. Quite incredible. Look at this rain total. 667 millimeters into the kie peninsula. The storm tracks back here to the west. That moisture inflow coming in from the south and really just been piling up the showers even in the tokyo area youre starting to see that rain really start to come down as we go ahead through our wednesday. Should taper off as we go into thursday but still on and off showers expected up and down the pacific coastline. The big threat with this storm is its moving into parts of far eastern russia, china and north korea. We could see seeing as much as 100 millimeters of precipitation. Theres a chance of flooding coming out of this. Fukuoka youll be seeing rain showers on wednesday. On and off showers in tokyo into thursday. Some could become heavy. But vladivostok into russia, thats where we see the worst of the weather. Not uncommon to get high ones in russia. This will be one of those unusual late summer ones. Tokyo with a high of 26. Mentioned that it was cool. Temperatures on tuesday on tokyo down to 23. About what you would typically see in october. This is due to the northerly winds coming around to our other system farther off to the east. Talk about autumnlike air in ontario and quebec. Thunderstorms along the eastern seaboards. But now the topic is that cool air flowing in behind it. Temperatures 5 to 15 degrees below average out there. Also in the southwest, this is bringing in showers there for you. Actually very welcome, the rain showers for most people out here across the desert southwest. They are talking about this exceptional drought out here. It is not going away any time soon. I dont think this will put a big dent in it. But it is going to help out at least a little bit. Unfortunately some localized flash flooding is possible with this, especially around the las vegas area. Looking at thunderstorms here on your wednesday and over towards thursday. Lets take a look at the tropics. Thats whats left of danny. But this is our newest Tropical Storm erika. But eventually this could become a hurricane just off the florida coastline. Something well continue to monitor. Still undecision left with the forecast but at least for now caribbean youll be looking at scattered showers out there for you. Western europe, we still have the rain showers across much of the British Isles will be unsettled over the next several days. I leave you with your extended outlook. Thats all for this edition of newsline. Im Catherine Kobayashi in tokyo. Thanks for staying with us. Hello and welcome to global 3000. At what point does Development Aid begin to do more harm than good . Join us as we tackle this topic and much more. Heres a look at whats coming up on todays program. Poverty as business a critical look at kenyas aid industry. Thirsty neighbors honduras and el salvador share the same shrinking river. And off the streets and into the kitchen a fresh start for Homeless Children in cambodia. International aid is big busine