He is 18 years old and in his final year of high school. Election. Reporter lau was born in Guangdong Province in mainland china. His family moved to hong kong when he was a third grader in elementary school. Since then, lau has enjoyed relative freedom in hong kong under the one country two system policy. As a student in junior high school, he went to an event in memory of the 1989 pro democracy protests in Tiananmen Square. None of his teachers on the mainland had ever told him about the episode. Translator had i remained in china, id have never known what really happened at Tiananmen Square and would never have taken an interest if politics. Reporter then something happened two years ago that deepened his interest even more. Hong kongs leaders announced a plan to introduce National Education for students from elementary through high school. The goal was to foster support for chinas communist party. Lau joined many other High School Students in staging massive protest rallies. They a
Tokyo electric Power Company executives havent officially ruled out using reactors 5 and 6 to generate electricity in the future. Now they say theyll decide what to do with the units after they speak with authorities in Fukushima Prefecture and in the towns that host the plant. Their official decision could come next month. Prime minister shinzo abe has urged them to scrap the reactors. He says they should concentrate on dealing with a series of problems including leaks of radioactive water. Tepco officials plan to use the two reactors to train workers involved in decommissioning the four damaged units. The utility is already organizing funding for decommissioning reactors 5 and 6. But its expected to fall short by more than 250 million. If the decision is made during the current fiscal year next march. Tepco is allowed to raise power rates to make up the difference. Workers at Fukushima Daiichi are on day three of an operation thats essential to decommissioning the plant. Theyre remov
Beefed up in october. Their they saw their biggest gain in three year. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Plenty to get through on todays program. Well continue to travel through eastern europe. Karen is today in budapest where she speaks to the government about return to growth. Well find out why a village is hungarys solution to its subprime crisis. Shipping, selling potatoes, potatoes, its all in the speculation for samsung. Well discuss that at 10 40 cet. And what does matt davis, voters in india, the carrot and a socalled tech lash all have in common . Its the world in 2014, of course. Well speak to the editor of the economist about what he thinks is in store at 10 45. Finally, jcpenney is the latest retail giant to report numbers today. Well find out if holiday discounts will show up in the shortterm and end up in tears in the long run. Join us for that at 11 45 cet. If you have any thoughts, questions, comments, anythin
Amounts of money into the monetary stimulus, but only three of 32 economists saw this one coming. Now it is going to be ¥80 trillion per year that the Japanese Central bank is injecting. About trying to foster that inflation, that 2 target they have. We look at what it did to asia. It ignited asian equities. Hang seng up more than 1 . Nikkei up almost 5 . Nikkei, highest in seven years. Lets see what it did to the yen. We saw the yen really see a sixyear low weakness, that is helping exporters of course. All of this helped by our rather tasty bit of gdp data yesterday. That helped the dollar. Lets look at what is happening to the dollarruble. We are expecting the central bank of russia to hike Interest Rates later. Could they hike by half offer percent half a percent . That is the consensus. Today, dollar is gaining against the ruble. Yesterday was a stellar day for the ruble. Saw strengthening against the dollar. The dollar lost 3 against the ruble yesterday. The dollar getting back
Rivals. Good morning and welcome to countdown. I am mark barton. Is 6 00. Me in london stocks soaring after the bank of japan voted to increase the target for monetary expansion. They 54 for an expansion. Is our economist from tokyo. 32 whober is 3, 3 out of saw this coming. I thought at best, the boj would be telegraphing actions down the road. The Inflation Numbers were disappointing. Paul krugman for the new york in japan, is talking about the need for them to take action. The way stocks are reacting suggest people are enthusiastic. We have the problem with structural reform. Nomics. Waiting for abe boj policy moves are good. They lubricate the process. Make the road easier. We are waiting for the government to do its part. What does that tell you about where the bank of japan is against inflation targets . , corsi pi at 1. 7 . I at 1. 7 . Their are realizing the inflation is not the problem. It is a symptom. Re was a lot of concern about the future of japan and asia in general. It