Transcripts For BBCNEWS Asia 20240704

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guidance on whether or not the bank ofjapan will remain an outlier and keep its interest rates ultralow. i spoke to the international groups in china is facing a confidence problem within the consumption sector as well _ problem within the consumption sector as well as _ problem within the consumption sector as well as the _ problem within the consumption sector as well as the corporate l sector as well as the corporate sector as well as the corporate sector and we had the simply and aggregate and data and there was released and is marginally weaker than expected and tomorrow, we have this operation, the expectations don't have much cuts in the way generally speaking, we could see an increase in probability of ten basis points and policy is not going to have a change it's going to be tweaking to be accommodative. imilli it's going to be tweaking to be accommodative.— it's going to be tweaking to be accommodative. will be getting extra data and _ accommodative. will be getting extra data and what _ accommodative. will be getting extra data and what is - accommodative. will be getting extra data and what is the - extra data and what is the biggest problem facing china to get its economy back up and running? get its economy back up and runnina ? ,, , ., get its economy back up and runninu? ,, , ., . running? sense of confidence. the rate between _ running? sense of confidence. the rate between 35 _ running? sense of confidence. the rate between 35 and - running? sense of confidence. the rate between 35 and 3796. running? sense of confidence. i the rate between 35 and 3796 and the rate between 35 and 37% and there are some areas of the implement marked up a need to be mindful of and it'sjust implement marked up a need to be mindful of and it's just the sense of getting things back to normal and the sense of domestic demand and with the with the policy and interest rates and fiscal policy is really trying to underpin. talking about japan, the really trying to underpin. talking aboutjapan, the gdp figures as well as on tuesday, were you expecting?— were you expecting? japan is been one _ were you expecting? japan is been one of— were you expecting? japan is been one of the _ were you expecting? japan is been one of the preferred - been one of the preferred markets from an investment perspective and redistributing that cash to minority shareholders and the economy despite doing well and the survival of demand coming through, it is unlikely that the bank ofjapan, will really change dramatically their policy direction when it comes to overall managing of its fiscal policy there. japan is a bit of an outlier in terms of its economies and is kept its interest rates low and what they continued to do this because they gnostic inflation? to be very incremental and appearing in many years where they had this and they don't want to derail demand and deter confidence in the country between china and japan, is are the countries that are very much in easing mode where most economies around the world are in the titling phase.— in the titling phase. fidelity international. _ in the titling phase. fidelity international. addressing i international. addressing labour shortages at home, new zealand is one of them and say record and flow of foreigners of the restrictions from covid—i9 were lifted. injune, the country relax those rules again to attract highly skilled workers. and a senior economist at government owned bank and she's is an increase in net migration is good news for new zealand businesses.— zealand businesses. referred businesses — zealand businesses. referred businesses crank _ zealand businesses. referred businesses crank out - zealand businesses. referred businesses crank out for - businesses crank out for workers over the past three years and as a matter if it's it or hospitality, they've all been crying out for workers but those three in particular, those three in particular, those jobs are being filled most of the people coming in from overseas are vaporous, construction workers and the food services and that is of the problems of the labour shortages of been in not being filled with good news and we're still trying to resolve all the labour shortages.— still trying to resolve all the labour shortages. going to the olls in labour shortages. going to the polls in october, _ labour shortages. going to the polls in october, you - labour shortages. going to the | polls in october, you expecting the policy to change? in today's _ the policy to change? in today's economic climate with such an incredibly tight labour market, i think any policy that makes it harderfor market, i think any policy that makes it harder for people to come to new zealand would not be the most popular policy public can further be on the pandemic, this a case to be made to improve the quality of labour that we are importing. we have heavily relied on overseas relatively cheap overseas relatively cheap overseas labour in preventing employers from implementing new technologies and i think there was a report done when new zealand wrecked run 26 out of 27 countries and spending on research and development and there is a case to be made to make migration focus on attracting those top and in entrepreneurial investors stop what will you see it later this week changing its interest rates? it is the policy statement this week were not expecting any changes from the banks and we are expecting them to keep the cash on hold at 550 and they said themselves there is a very high barfor a hike and the data we have seen, most of surprised on the downside, not materially but on the downside of expectations we do not think that hurdle has been crossed for the data we have seenin crossed for the data we have seen in the outlook is still relatively soft interest of forecasting a recession for the economy that should really help those inflation pressures cool and we think the bank and sit tight today and the remainder of the season. abs, tight today and the remainder of the season.— of the season. a senior economist. _ of the season. a senior economist. motorbikesj of the season. a senior - economist. motorbikes are popular form economist. motorbikes are popularform of economist. motorbikes are popular form of personal transport across asia. the vehicles are cheap and convenient but can also cause mass amounts of pollution. busy cities need to make the switch to have more collective energy. taiwan believes it is the answer to lower the cost of going electric forced operation business correspondent sent this report from taipei to. here i am in taiwan and this little — here i am in taiwan and this little electric scooter may not look — little electric scooter may not look like _ little electric scooter may not look like anything revolutionary but it is. it is a world _ revolutionary but it is. it is a world first and i'm going to show— a world first and i'm going to show you _ a world first and i'm going to show you why. . there are show you why. there are millions of show you why. . there are millions of motor scooters here in taiwan— millions of motor scooters here in taiwan and they're very noisy— in taiwan and they're very noisy and _ in taiwan and they're very noisy and very dirty. so, how to gel— noisy and very dirty. so, how to get people to switch from that — to get people to switch from that dirty petrol scooters to a clean — that dirty petrol scooters to a clean electric will make this perspective to be just as cheap and just— perspective to be just as cheap and just as reliable.— and 'ust as reliable. there is no and just as reliable. there is no infrastructure _ and just as reliable. there is no infrastructure to - and just as reliable. there is no infrastructure to convert l and just as reliable. there is | no infrastructure to convert to electric— no infrastructure to convert to electric and _ no infrastructure to convert to electric and what _ no infrastructure to convert to electric and what about - no infrastructure to convert tol electric and what about battery not included _ electric and what about battery not included because _ electric and what about battery. not included because microwave are able — not included because microwave are able to — not included because microwave are able to sell— not included because microwave are able to sell the _ not included because microwave are able to sell the vehicle - are able to sell the vehicle without _ are able to sell the vehicle without the _ are able to sell the vehicle without the battery, - are able to sell the vehicle i without the battery, reducing the cost _ without the battery, reducing the cost of _ without the battery, reducing the cost of the _ without the battery, reducing the cost of the vehicle - without the battery, reducing the cost of the vehicle by- without the battery, reducing the cost of the vehicle by 30| the cost of the vehicle by 30 or 40%? _ the cost of the vehicle by 30 or 4096? , , . or 4096? this is the clever thing about _ or 4096? this is the clever thing about the _ or 4096? this is the clever thing about the system i or 4096? this is the clever i thing about the system come when — thing about the system come when you buy one of these bikes. _ when you buy one of these bikes, does not have any battery— bikes, does not have any battery in it in the next cheap and instead, you subscribe to the company batteries and when it flow. — the company batteries and when it flow, uses them to a charging station like this one and switch it out for a fresh one — and switch it out for a fresh one. there more than 10,000 of these _ one. there more than 10,000 of these charging stations across taiwan — these charging stations across taiwan with more than a million of these — taiwan with more than a million of these batteries in them and that should mean goodbye to range — that should mean goodbye to range anxieties. | that should mean goodbye to range anxieties.— that should mean goodbye to range anxieties. i can only go 50 and 50 — range anxieties. i can only go 50 and 50 back— range anxieties. i can only go 50 and 50 back which - range anxieties. i can only go 50 and 50 back which means| range anxieties. i can only go i 50 and 50 back which means that it will be everywhere you go and that's not a solution. we are solving for range anxiety he canjust go are solving for range anxiety he can just go from point to point. he can 'ust go from point to oint. , . ., he can 'ust go from point to oint. , _, , ., , point. this could be the answer to a zero emissions, _ point. this could be the answer to a zero emissions, personal l to a zero emissions, personal transport _ to a zero emissions, personal transport for many of asia's huge — transport for many of asia's huge megacities and for this time — huge megacities and for this time on _ huge megacities and for this time on start up, the next stop is india — and other news making headlines, amazon has started releasing some sellers funds back to them after many uk eu sellers complained about money being held unexpectedly and the change in policy reported amazons actions led to some businesses being close to collapse. the e—commerce giant sold some sellers it would now delay the temporary holds on money untiljanuary 2024 in the initial policy updates and maize stated it would temporarily hold sellers funds to cover refund demands. so as to cover refund demands. so as to be able to withdraw their money only from the delivery date plus, a further seven days. and by now, you've probably heard about the drama between elon musk and mark zuckerberg at a possible cage fight between the two tech giants. the media clause of accused him of not being serious about it on his social media platform, mr zuckerberg elon musk responded that he called the rival chicken. the bizarre idea to fight each other started injune when he tweeted he was up for a cage fight with mark zuckerberg. and now, let's have a recap of our top story over the weekend, the chinese government issued a new and to attract foreign investment. to increase protection of the interest of foreign investors by offering tax and visa incentives. that is all we have for you on this edition of asia business report. thank you for watching. this meeting was supposed to be an opportunity for birmingham city council to tell residents about their plan for the regeneration of their area. at the descendent of forces as hundreds were locked outside. the residents feel left in the dark about the plans, especially the fact that the counsellor sanctioned the use of compulsory purchase orders, giving them powers to force people out. i giving them powers to force people out-— giving them powers to force people out. i want something for my family _ people out. i want something for my family and _ people out. i want something for my family and friends i people out. i want something for my family and friends and j for my family and friends and children that is going to grow up children that is going to grow up will become aware that going to be? theyjust going to be pushed away and forgotten? early university lecturer moved to the area a few years ago. shejoined a campaign to give the presidents of voice. she joined a campaign to give the presidents of voice.- the presidents of voice. many --eole the presidents of voice. many people are — the presidents of voice. many people are affected _ the presidents of voice. many people are affected by - the presidents of voice. many people are affected by this i the presidents of voice. many i people are affected by this may 'ust people are affected by this may just do— people are affected by this may just do not what's going to happen— just do not what's going to happen next it's not as if the counsellor sentence letter saying _ counsellor sentence letter saying that our homes are at risk— saying that our homes are at risk of— saying that our homes are at risk of becoming compulsory purchase _ risk of becoming compulsory purchase order and we decide to find her— purchase order and we decide to find her from the news. but purchase order and we decide to find her from the news.- find her from the news. but the areas deprived _ find her from the news. but the areas deprived and _ find her from the news. but the areas deprived and will- find her from the news. but the areas deprived and will benefit| areas deprived and will benefit in the long run. this areas deprived and will benefit in the long run.— in the long run. this is a 20 ear in the long run. this is a 20 year programme _ in the long run. this is a 20 year programme for - in the long run. this is a 20 year programme for an i in the long run. this is a 20 i year programme for an area that needs— year programme for an area that needs it — year programme for an area that needs it and — year programme for an area that needs it and so, _ year programme for an area that needs it and so, no _ year programme for an area that needs it and so, no one - year programme for an area that needs it and so, no one is- needs it and so, no one is going _ needs it and so, no one is going to _ needs it and so, no one is going to be _ needs it and so, no one is going to be turfed - needs it and so, no one is going to be turfed out i needs it and so, no one is- going to be turfed out of their house — going to be turfed out of their house. there _ going to be turfed out of their house. there will— going to be turfed out of their house. there will be - going to be turfed out of their house. there will be an - going to be turfed out of their house. there will be an offerl house. there will be an offer made — house. there will be an offer made at _ house. there will be an offer made at some _ house. there will be an offer made at some point. - house. there will be an offer made at some point. for. house. there will be an offer made at some point. for more stories across _ made at some point. for more stories across the _ made at some point. for more stories across the uk, - made at some point. for more stories across the uk, had i made at some point. for more stories across the uk, had to l stories across the uk, had to the bbc news website. head to the bbc news website. hello and welcome to sportsday — i'm olly foster. pochettino starts his second spell in the premier league with a draw as his cheslea side fight back against liverpool lilia vu romps to victory at the women's open for her second major of the year. and another gold in glasgow for lotte kopecky on the final day of the cycling world championships hello and welcome along, there were two games in the english premier league on sunday. and they both ended in draws. liverpool and chelsea underachieved last season, so their meeting on the opening weekend was always going to be an interesting one, especially for the blues who have had a major rebuild and a new manager in mauricio pochettino, formally of psg and tottenham, it finished i—all at stamford bridge. liverpool started really brightly, luis diaz scoring their goal after after 18 minutes. chelsea's equlaiser came before the break, french defender axel disasi scoring on his debut. both sides had plenty of chances to score more, but it was a point a piece with both managers fairly satisfied preemptive more than the reporter. yes, please, be feel disappointed because we deserve to win and so please the performance and very pleased with the staff.

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