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 july's 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? . , , ., , , running? it really is a sense of confidence. _ running? it really is a sense of confidence. we _ running? it really is a sense of confidence. we know - running? it really is a sense of confidence. we know the j of confidence. we know the saving rates are between 35 and 37%. there are some areas of the employment market like youth unemployment we need to be mindful of. in general it is the sense of getting things back to normal, the sense of, again, domestic demand picking up, this is the policy and whether it is related interest rates or fiscal policy it is hard to underpin.- rates or fiscal policy it is hard to underpin. they want to talk about _ hard to underpin. they want to talk about japan, _ hard to underpin. they want to talk about japan, because - hard to underpin. they want to talk about japan, because we i talk about japan, because we will be getting some gdp figures out as well on tuesday. what are you expecting? yes, again, japan has been one of the preferred markers for an investment perspective. we have seen things change in terms of distributing the cash they have been sitting onto minority shareholders. in terms of the broader economy, despite doing well and again this revival of demand coming through, it's unlikely the bank of japan will again, a bit like the pboc, really change dramatically the policy direction when it comes to monetary fiscal policy there. , . to monetary fiscal policy there. �* . , . to monetary fiscal policy there. , ., ., there. japan is an outlay in terms of — there. japan is an outlay in terms of the _ there. japan is an outlay in terms of the big _ there. japan is an outlay in terms of the big g7 - there. japan is an outlay in - terms of the big g7 economies. it has kept interest rates ultra low. you anticipate they will continue to do this, because now they are starting to see inflation? for because now they are starting to see inflation?— to see inflation? for them to will be very _ to see inflation? for them to will be very incremental, - will be very incremental, people have been any period for many years with japan where they have had is low interest rate environment, so they don't want to all of a sudden derail demand or confidence in the country by all of a sudden increasing too much stop between china and japan, as you rightly pointed out, these are the countries very much an easing mode, where the rest of the world almost economies around the world are very much still in the tightening phase. that is fidelity international�*s catherine yeung international�*s catherine yeung in hong kong. some countries have been losing the immigration policies to address labour shortages at home. new zealand is one of them and it is already seeing the results. according to recent data moments ago, more than 86,000 people move their in the first half of the year, which is close to a record set in march 2020. maryjo vergara is a senior economist at the government owned kiwibank and she says and in crease in net migration is good news for new zealand's businesses.— zealand's businesses. we've heard businesses _ zealand's businesses. we've heard businesses right - zealand's businesses. we've| heard businesses right across industries crying out for workers over the past three years. it doesn't matter if it is it or hospitality or in horticulture, they have all been crying out for workers. those three in particular, those jobs, those three in particular, thosejobs, are being filled, most of the people coming here from overseas are sort of labourers, construction workers, in the food services trades and that is really where the labour shortages have been most acute and those are being filled, which is good news. still trying to resolve the labour shortages.- still trying to resolve the labour shortages. the country is auoin labour shortages. the country is going to _ labour shortages. the country is going to the _ labour shortages. the country is going to the polls _ labour shortages. the country is going to the polls in - is going to the polls in october. to expect immigration policy to change? i october. to expect immigration policy to change?— policy to change? i think in toda 's policy to change? i think in today's economic - policy to change? i think in today's economic climate l policy to change? i think in i today's economic climate was such an incredibly tight labour market and think any policy that will make it harder for people to come to new zealand won't be the most popular policy. but looking further beyond the pandemic there is a case to be made to improve the quality of labour that we are importing. we have heavily relied on overseas, relatively cheap overseas labour, but that is prevented employers and firms here from innovating and implementing new technologies. think there was a report recently done when new zealand ranked around 26 out of 37 oecd countries and spending on research and development. so think there is a case to be made to make migration focused really on attracting the stop and skilled and entrepreneurial migrants to come to new zealand to boost productivity. imilli migrants to come to new zealand to boost productivity.— to boost productivity. will new zealand change _ to boost productivity. will new zealand change its _ to boost productivity. will new zealand change its interest - zealand change its interest rates this week? it zealand change its interest rates this week?— rates this week? it is a big week for — rates this week? it is a big week for us, _ rates this week? it is a big week for us, it _ rates this week? it is a big week for us, it is - rates this week? it is a big week for us, it is the - rates this week? it is a big - week for us, it is the monetary policy statement this week and we're not expecting changes from the reserve bank, expect them to keep the cash rate on hold a 5.5. they have said there is a very high barfor further rate hikes. with the data we have seen to date, most which have surprised on the downside, not materially, but still the downside of expectations, we don't think that has been crossed with the data we have seen. and the outlook is still relatively soft. we are still forecasting a recession for the new zealand economy and that should really help those inflation pressures. think there is a bank and sit tight today and for the remainder this year. that is ma jo remainder this year. that is mary jo vergara, _ remainder this year. that is mary jo vergara, a - remainder this year. that is mary jo vergara, a senior. maryjo vergara, a senior economist at kiwibank. in other news making headlines, amazon has started releasing some sellers' funds back to the mother complains in the uk and eu are of money being held unexpectedly. the change in policy comes after the bbc reported amazon's actions of some businesses close to collapsing. in may, the e—commerce giant said it would temporarily hold sellers' funds. in the sellers would be able to withdraw their money when we after the delivery date. now they are saying the measure will be delayed until january. from mumbai to bangkok to jakarta, motorbikes are the most popular form of personal transport across asia. the vehicles are cheap and convenient, but they also cause massive amounts of pollution. to cut emissions, busy cities need to make the switch to clean electric energy. one taiwanese company believes it has the answer and it has built a large network of battery stations to lower the cost of going electric. ballets are corresponded rupert wingfield—hayes sent this report from taipei. here i am in taiwan and this little electric scooter may not look like anything revolutionary, but it is, it is a world first and i'm going to show you why. there are ia million motor scooters here in taiwan and they are very noisy and very dirty, so how do you get people to switch from their dirty petrol scooters to a clean electric one like this? well, they have to be just a street and just as reliable.- they have to be just a street 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, and then we said what about battery not included. what if you sell the vehicle without the battery. we see the cost of the vehicle by 30, a0% stop by this is the clever and unique thing about this system, when you buy one of these bikes doesn't have any battery in it. and that makes it cheap. instead you subscribe to the company's batteries, and compa ny�*s batteries, and whitaker so company's batteries, and whitaker so you come to a charging station like this one and switch it out for a fresh one. —— and when it gets low. there are more than 10,000 of these charging stations across taiwan, with more than1 million of these batteries in them. and that should mean goodbye to range anxiety. if a vehicle has — goodbye to range anxiety. if —. vehicle has 100 kilometre range, canonica 50 and 50 back. that is not a solution. we are solving for range anxiety, at the same time you can just pop, p0p, p0p, the same time you can just pop, pop, pop, point—to—point so this could be the answer to zero mission hills, personal transport for many of asia's use megacities. for this taiwan start up the next stop is india. ., , start up the next stop is india. . , , india. that is rupert wingfield-hayes - india. that is rupert l wingfield-hayes there india. that is rupert - wingfield-hayes there in wingfield—hayes there in taipei. it is a start for markets here in asia ahead of the key data from japan and china later this week. right now the nikkei is pretty much flat following wall street's close on friday as investors are looking ahead at what to expect globally when it comes to interest rates and again on tuesday that gdp data for the second quarter injapan will come out. it could provide hints as to whether the bank of japan will continue to remain an outlier and keep its interest rates ultralow. and 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 fundraising mission is nothing compared to the biggest challenge of east a few years ago. the huge abdominal tumour he had been sent for end—of—life care but a marathon 17 hour, eight organ transferred operation xavien. it was only before the person in the world to have the procedure. then, with his wife laura bailey is side, he has taken on various fundraising adventures around the world full�*s latest is more local but could be the toughest yet. i willjust a few will it all the will just a few will it all the way to northampton. all this little princess by laid on the top of a skip looking sorry for itself. i thought it would make a pretty littlejealous. itself. i thought it would make a pretty little jealous. is that the challenge to write it from here down to the cancer research shop, around 30 miles. here he is. training has commenced.— here he is. training has commenced. already we are havinu commenced. already we are having trouble _ commenced. already we are having trouble with - commenced. already we are having trouble with punches | commenced. already we are i having trouble with punches on things. it's not going to be straightforward. and it's really uncomfortable. really uncomfortable!— uncomfortable! having “ust assed uncomfortable! having “ust passed the i uncomfortable! having “ust passed the 80 i uncomfortable! having just passed the 80 anniversary| uncomfortable! having just - passed the 80 anniversary since his operation, adam found himself back in little with complications recently, but he is back in the saddle and ready to take on the title of a challenge before the end of summer. for more stories from across the bbc news website. this meeting in july this meeting injuly was supposed to be an opportunity for birmingham city council to tell residents about their plan grade 2000000000 pound regeneration of their area, ladywood, but it descended into files as hundreds were locked outside. the residents feel left in the dark about the players, especially the fact that the council has sanctioned the use of compulsory purchase orders, giving them powers to force people out. i orders, giving them powers to force people out.— force people out. i want something _ force people out. i want something for _ force people out. i want something for my - force people out. i want| something for my family force people out. i want- something for my family and friends and children that's going to grab on and we are going to grab on and we are going to grab on and we are going to stick them, they are going to stick them, they are going to stick them, they are going to bejust going to stick them, they are going to be just pushed away and forgot? going to be “ust pushed away and forgon— and forgot? birmingham university _ and forgot? birmingham university lecturer - and forgot? birmingham university lecturer laura j and forgot? birmingham - university lecturer laura moved to the area a few years ago. she hasjoined a campaign to give residents a voice. she has joined a campaign to give residents a voice.- give residents a voice. there are over _ give residents a voice. there are over 2000 _ give residents a voice. there are over 2000 people - give residents a voice. there l are over 2000 people affected by this and theyjust don't know what's going to happen next. it's not as if the council has sent us letters saying our homes are at risk of a compulsory purchase order. instead we have had to find out from the news.— instead we have had to find out from the news. birmingham city council 's is _ from the news. birmingham city council 's is the _ from the news. birmingham city council 's is the area _ from the news. birmingham city council 's is the area is - council �*s is the area is deprived and will benefit in the long run.— the long run. this is a long-term _ the long run. this is a i long-term programme, the long run. this is a - long-term programme, 20 year long—term programme, 20 year programme, foran area long—term programme, 20 year programme, for an area that most needs it. so no—one is going to be just out of their house. there will be an offer made at some point.- made at some point. formal stories from _ made at some point. formal stories from across - made at some point. formal stories from across the - made at some point. formal stories from across the uk, | stories from across the uk, head to the bbc news website. —— for more stories. 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 to sportsday — i'm olly foster. 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 1—1 at stamford bridge. liverpool started really brightly, luis diaz scoring their goal after after 18 minutes. chelsea's equaliser 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. a little bit more or more learn liverpool. yes, ithink a little bit more or more learn liverpool. yes, i think we feel pleased and i think we feel at the same time we wanted to win and we deserved to win but it is only the

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