For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
before we go, mark zuckerberg has said elon musk isn t serious about holding a cage fight and it s time to move on. in a post in his soders social media side, he said he had offered a date but the rival entrepreneur had offered excuses. mr musk had suggested on x formally known as twitter that he was willing to fight as early as monday. the builyan agreed to a bout injune, sparking huge media attention. that is all we have you on this edition of asia business report. i m at monica miller. thanks for watching. bbc news, bringing you different stories from across the uk. the thing is challenging enough in itself to ride, it has a flipside today which is not making things any easier. adam certainly like making things any easier. adam certainly like to making things any easier. adam certainly like to challenge - certainly like to challenge himself to say the least. training for his latest
staging a cage fight and that it s time to move on. the billionaires agreed to the bout injune, commanding huge attention, as zuckerberg was launching his new microblogging site threads, which is a rival to elon musk s x, the site formerly known as twitter. zuckerberg posted on threads that offered musk a real date , but the rival entrepreneur had made excuses. here in the uk, more rail strikes were announced for late august last week. the rmt union wants better pay and conditions for its 20,000 members who will stop work on august 26 and september 2. it s more evidence of the pressures on the government and bank of england as it seeks to reign in inflation. it s not been falling as sharply as other countries. injune, the figure was 7.9%. we ll get the latest update on wednesday