Shock to the system. Electronicsmaker toshiba expects record losses and plans major job cuts globally. And the paper crane made by a 12yearold victim of the hiroshima atomic bombing carry her wish to the u. S. 70 years after the war. A search and rescue operation is under way in Southern China after a massive land slide slammed into an industrial park. Authorities havent reported any deaths but say more than 90 people are unaccounted for. They believe the cause of the disaster is linked to construction work. The landslide happened on sunday in the shenzhen in guangdong province. 33 buildings were buried. Authorities say some 900 residents have been evacuated and 91 people remain unaccount for. Chinas land and Resources Ministry blames the collapse of piles of earth dug up from construction sites. State media says the storage of waste soil is subject to inspection by authorities. Chinese media have released three Satellite Photos showing a quarry south of the industrial park. This photo in 2002 shows a deep quarry that used to be the site of a mountain. This 2008 photo shows no major change at the site. But the scene was transformed in last years image the picture shows the area is filled with what looks like large amounts of brown soil. According to local chinese media, the landslide may have been caused by mud and sand from the quarry. Troubled electronics joint toshiba has announced plans to streamline its business. Gene otani has the details and a wrapup of other business headlines. Thanks, james. Weve been reporting on toshibas accounting scandal. Now the company has revealed plans to close factories and cut back its work force. Officials say the firm is expected to post the biggest net loss in its history. Toshiba officials said in the wake of the scandal they expect a record net loss of 4. 5 billion this fiscal year. They said they will close a center in tokyo for developing televisions and personal computers. Theyll also close a plant in indonesia that makes washing machines. The Company Plans to spin off its personal computer business and consider linking the operation with other manufacturers. Toshiba will offer early retirement for job relocation for about 6,800 employees in the Home Electronics business. It will also cut about 1,000 jobs at its headquarters. Transtor with this new action plan, ill do my very best so toshiba can make a fresh start and regain the trust of stakeholders and customers. The companys expected net loss exceeds the previous record of 3. 2 billionest posted in march 2009 after the Global Financial crisis. The Company Plans to focus its resources on the semiconductor business. Investors were unimpressed last friday when the bank of japan announced only minor changes to its stimulus program. Many continued to show their disappointment when trading resumed on monday. We go to mayu yoshida to see how the situation developed. Mayu . Last friday we saw wild swings on both the nikkei and topix. Market players were underwhelmed by the bojs tweaks to its easing program and sentiment took a further hit after Oil Prices Hit fresh lows. Japanese stocks briefly lost more than 1. 5 on monday. Its december 21st by the way. The indices recouped losses later in the day, the nikkei eventually closing down 18,916, still a oneweek low and the broader topix dropped by almost the same margin. On friday, the nikkei shot up 2 but minutes later, everything started going the other way with the nikkei diving more than 4 from top to bottom. Market players initially thought they expanded their program. But then human investors made sense of the details and could see they were not a big deal for the markets. Thats when we saw stocks go down and the yen climb higher. That trend continued today on monday. We saw exporters lose ground on the yens strength. Panasonic fell 2. 6 , sony and tokyo electric are down nearly 2 . Toshiba hit the lowest level in almost three years, falling almost 10 on news its expected to report a record loss this fiscal year. We saw disappointment from the boj. Youre also likely to see a trading thin out for the holidays. Im mayu yoshida from the tokyo stock exchange. Thank you. Other benchmarks fared better. China was the standout, shanghai compass it climbed 1. 8 . Closing at its highest level in near a a month. Some investors expect authorities to announce fresh stimulus measures in its economic plan for 2016. The hang seng ended slightly higher following a rally in shanghai. Some Market Players picked up cheaper shares. Seouls kospi is up 3. 2 . The asx stretched gains to a fourth day to hit a twoweek high. The group of Oil Producing nations, opec, decided to keep output levels. Since then, around 35 per barrel, we asked an expert for his outlook. Translator for the past two years, saudi arabia has been telling opec meetings that they will not adjust oil output. Saudi arabia and other opec members are not willing to cut production while other countries are increasing production. Nonopec members like russia, mexico and especially the United States continue to pump oil at high levels. Saudi arabia has said repeatedly it will not cut production unless other countries cooperate. I believe saudi arabia will stick to this position until its foreign reserves run dry. So i dont expect any change at the next opec meeting scheduled for june 2016. Saudi arabia will maintain current production levels unless it gets an assurance from russia and mexico as well as from iran and iraq, which are opec major producers, that they will cooperate to manage supply. Crude oil prices have fallen to around 35 per barrel. Analysts are mixed in their price outlook, whether prices will drop further remain at the current level or bottom out at some point. My view is that prices have fallen too much. I think that next Year Oil Prices will find supply demand balance at an equilibrium price at 35 to 40 a barrel. They may be trying to drive the price down further to levels seen in 2008 so they can make a profit when prices start rising again. I will certainly not eliminate the possibity of oil prices briefly sinking to the 30 range per barrel. Heres a look at some of the other business stories were following. The japanese government says its assessment of the economy in december is unchanged. Officials say the economy is on a moderate recovery path but some areas remain weak. They say wages and unemployment have improved but Housing Construction is weak. Japanese Home Appliance shipments in november were up 4. 4 in yen terms from last year. Thats the seventh straight monthly increase. Large washing machines were in demand and Foreign Tourists snapped up multipurpose rice cookers. Sales of clothing such as coats and jackets declined as the weather in november was warmer than usual. Lets take a quick look at our Global Economic calendar for the week. On tuesday the u. S. Department of commerce will release its final reading of real Gross Domestic Product in the july to september period. The current reading shows the economy grew at a 2. 1 annual pace. We have figures for u. S. Durable goods orders in november. On thursday, the officials at the bank of japan will release minutes of the policy held in november. On friday, the japanese government will release a batch of Economic Indicators for november including the jobs data as well as Household Spending and the Consumer Price index. Every monday we invite a specialist to discuss events for the week. In this edition of expert view, we hear from a former polic board member with the bank of japan and is now with tokyo financial research. He says says closely watching the Consumer Price index which will be released on friday. The Consumer Price index is likely to remainegative. Because of very weak energy prices. To our surprise, oil prices have come down farther, below 40 a barrel. And some people expect oil prices to come down below 30 per barrel by next year. In line with cheap energy, the cpx is likely to remain negative on a yearonyear basis. Hes keeping a close eye on Foreign Exchange rates. As he says, that will determine the stability of prices. He also says boj officials may take new steps if the yen strengthens further. If the u. S. Economy is weaker than the Federal Reserve wishes for, then the number of Interest Rate increases may be smaller than four times. Then the yen may start strengthening against the u. S. Dollar. If imagine the case that the Yen Dollar Exchange rate moves toward 110 yen to the dollar, the bank of japan may have to move and take certain policy measures. We learned that negative Interest Rates pursued bit European Central bank have been very effective to the Foreign Exchange market. Theres a possibility that the bank of japan may follow suit by reducing Interest Rates instead of increasing the japanese gornment bonds as a means of easing. Thats it for business news. Ill leave you with the markets. Workers are removing sign boards praising Nuclear Power from one of two towns where the crippled Fukushima Daiichi plan the is located. The plaqcards were put up about 25 years ago. The two sign boards bear slogans touting the potential of Nuclear Power but the whole town has been within a designated evacuation area since the 2011 Nuclear Accidents at the plant. Town officials were concerned that the deteriorating boards could hurt people paying a short visit to their home. One of the slogans was written by yugi onoma in his childhood. Hes been calling for the preservation of the sign. Translator the town is dessert and this sign has been left behind with a hollow message. I find it ironic, i thought long and hard about the best course of action and decided this sign should be preserved to convey the negative image it notes. The signs will eventually be arranged to be put on display as a symbol of unintended circumstances. A major drugmaker manufacturing is being investigated of its handliing er a substance that can be illegal. They are investigating kaketsuken. They may be be following rules between transporting botulinum toxin between sites. An internal investigation shows is the company had breached protocol four times since 2007. The firm says none of the substance has ever been lost or stolen during transportation. Earlier this month, help. Ministry officials looked into kaketsuken for using unauthorized message to produce blood products and veterinary vaccines. The officials plan to order the company to be more compliant with regulations. Police in indonesia say they have foiled a series of terror attack plots targeting yearend celebration. Please conducted raids over the weekend and arrested nine people suspected of planning the attacks. According to authorities five of the suspects are supporters of the Islamic State militant group. Police say the other four are members of a domestic extremist islamic organization. All nine were allegedly planning a series of attacks across the country. Officials seized bombmaking materials including parts of detonators and a manual for making bombs in the raids. Investigators say the suspects received Financial Assistance from the Islamic State group. Local media are reporting that u. S. And Australian Authorities provided information of the plot whose targets included a Police Station in jakarta. Investigators are still looking for more suspects connected to the planned attacks. Peace talks against yemens warring parties have ended without a deal but with a promise to meet again. In the wartorn country, fighting rages on. Progovernment forces along with Houthi Rebels and six days of u. N. Mediated talks on sunday. The special envoy for yemen says theres no trust between the party. He noted that a ceasefire was repeatedly violated even as the negotiations went on. And enable sustainability of the special enjoy, bilateral cooperation would be required in yeyen in the coming weeks. The u. N. Envoy said the talks will resume on january 14th. He said both sides have agreed to accept humanitarian aid in areas of fierce fighting. Theres also an arrangement for a release of prisoners once fighting stops again. Hostilities have continued as Government Troops backed by a Saudiled Coalition attempt to regain the capital from Houthi Rebels. The u. N. Says about 6,000 people have been killed since the fighting intensified in march. Spains governing Popular Party has won the general election but lost its majority. Prime minister Mariano Rajoys party must try to form a coalition government. Translator we have had to make decisions that were not easy and at times, they were decisions that no government likes to make. Electoral Officials Say rajoys party won almost 29 of ballots while the Opposition Party followed with 22 . The Popular Party secured 123 seats in the 350seat lower house, short of a majority. The Party Election campaign focused on economic recovery efforts. Its been promoting austerity measures and labor reform over the last four years. The Opposition Socialist Party urged a review of those reforms and called for efforts to narrow the gap between rich and poor. The spanish economy grew 0. 8 in the Third Quarter from the previous quarter showing clear recovery. But the jobless rate is still high at more than 20 . The focus is now on whether the ruling Popular Party can form a coalition. Theres also a possibility the socialists and the far left will seek an alliance. A japanese legend goes that anyone who folds 1,000 paper cranes will be granted a wish. Thats what 12yearold sasaki did, a hiroshima atomic bomb victim. She wanted to recover from leukemia but her wish wasnt granted. The young girl died in 1955. Her story has become world famous after a Childrens Book about her was published this year, one of her cranes travelled across the pacific thanks to a friendship of two special people. Nhk world has the story. Reporter this small paper crane was made by satika sasaki more than 50 years ago. The library was built in honor of president harry truman who approved the atomic bombings of japan in 1945. Sasaki was delighted. Translator this brings me joy, really, i cant be any happi happier. Reporter it was trumans grandson, Clifton Truman daniel, who made this possible. As the honorary chairman of the board of trustees, he persuaded the Library Staff to exhibit it there. Daniel has taken great pride in being the eldest grandson of harry truman. Hes worked tirelessly to preserve his legacy. Thats the book. Reporter but something changed 16 years ago when his son brought home the took about satako. The young childs story had a huge effect on him. My grandfather always said that he used the weapons to shorten the war and save american lives. It shifted everything. Yes, it was the first time i had learned what it had been like to be a victim of anatomic bombing. Reporter danl started learning more about atomic bomb survivors and decided to meet sadakos brother when he visited the u. S. In 2010. Translator the first thing i asked daniel, how did you feel about your grandfather when you found out he was responsible . Translator he told me honestly there was a period he felt distressed about it. Reporter then sasaki gave daniel a small present. He took a tiny paper crane out and put it in my palm and told me that was the last crane sadako folded before she died. At that point, he said, would you come to hiroshima and nagasaki . You really cant say no. They have a lot of power. Reporter two years later, daniel visited hiroshima and nagasaki. He was worried what might happen once people found out who he was. None of the survivors he met blamed him or asked for an apology. All they wanted was to make sure no atomic bomb would ever be dropped again. Harm was done on both sides. People suffered on both sides and if both sides just acknowledged that and move forward together, with empathy and understanding, thats the way to go. Reporter last month when sasaki came to the u. S. For the donation of the crane, he and daniel held talks with middle school students. In america, many schools teach that the bombings ended the war which otherwise might have lasted longer. The two wanted to show that reconciliation between those who have different views is possible. My question was, what is your opinion on people believing that the atomic bomb was the only way to end the war . Translator its important to understand the differences between american and japanese teaching of the events. Its still a complicated issue. But, again, we should acknowledge both sides. Reporter seven years after the war, the tiny symbol of sadakos hope is bringing the people of the u. S. And japan closer together, showing the way of reconciliation. Kenji macaulay, nhk world. May her message continue to generate for generations to come. Kenji, thank you for that story. Jonathan oh joins us with the weather update, starting with the heat wave in australia. Yes, there are some portions of australia where temperatures are surging to the mid to upper 30s, some areas even in the 40s. And the reason that we are concerned about the weather pattern is the fact that it had also been very dry. That led to fire problems in New South Wales and victoria. Let me show you some picks that came out of the region as it went through the weekend. This is incredible video in terms of how much the fire has been causing problems in this area. I mentioned high temperatures and also the strong winds have been fueling the wildfires across several australia states over the weekend. They ended up destroying houses, threatening some community. Emergency services had to issue warnings in New South Wales and victoria. Firefighters had to battle more than 40 fires. The flip side of the whole thing, even though a lot of property was damage, as far as we know, no injuries and no casualties. Thats pretty significant to report. Now, you notice the clouds rolling through sydney. Thats attached to a low thats pushing this front through the area. Yes, its going to bring some rain and a little bit of cooling. It is more of the scattered variety. Its not going to be a sustained rain pattern. Its going to be a bit of an issue when it comes to battling the wildfires. Hopefully these showers will help the firefighters in tampering off those fires. In the process, High Pressure is trying to pick up more steam over toward the north. Thats going to keep the weather relatively dry. As you look at the forecast for east asia, we have High Pressure thats controlling the weather over china and also the korean peninsula. We do have a low pressure system thats now rolling over japan. The clouds are starting to increase over the country and we are looking at the chance for some rain going into the overnight period and then it will wrap up as we go into tuesday. Another system will try to develop out of the southeastern portions of china. That will work its way into japan and bring some rain by the middle of this week. Notice at least for the day on tuesday, looking at relative dry weather except for maybe further up north, we may have moisture lingering around, cold enough to where well even see snow coming up on tuesday in aomori. Looking for drier conditions for tokyo and nagoya. Rain coming up into wednesday and thursday where well see rain into the picture as well from that other low coming in. So coming up on tuesday, again, shanghai and chongqing. As you look at the forecast for north america, low pressure and a cold front is pushing toward the east, bringing a bunch of moisture into the eastern side of the United States. The winds are going to pick up ahead of the system and we are looking at the temperatures b p bumping up just a little bit with the southerly flow. The push towards the east looking at a lot of rainfall as we go especially toward the evening hours for the carolinas. Back toward the west, snow showers into the rockies. Showers into vancouver and seattle. It will be a wet day for you on monday. Highs in the single digits. Ho hope you have a good day wherever you are. Heres your extended outlook. Newsroom tokyo comes to you live at the top of the hour. In the wnng genie hello, everyone. You are watching france 24. These are the headlines. ,ootballs world governing body fifa, slept an eight year ban on suspended president sepp blatter, and michel platini. The ruling conservatives win the election in spain, but they lose the majority. Antiausterity party comes in a strong third