provide hints of whether the bank of japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep interest rates ultra low. earlier, spoke to fidelity international�*s catherine yeung, who told me china is facing a confidence problem. just this lack of confidence both within the consumption sector as well as the corporate sector. so if fact last friday we had july's m2 money supply and aggregate financial data released and it was marginally weaker than expected. so tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. so again policy isn't going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated.— be this continuing tweaking to be accommodated. tomorrow we will aet be accommodated. tomorrow we will get some _ be accommodated. tomorrow we will get some extra _ be accommodated. tomorrow we will get some extra data - be accommodated. tomorrow we will get some extra data out. - will get some extra data out. but really what is the biggest problem facing china to get its economy back up and running? it really is a sense of confidence. we know that households are wealthy, the saving rates of 35— 37%. there are some areas of the employment market, such as youth unemployment, we need to be mindful of, but in general it is a sense of getting things back to normal and of domestic demand picking up and this is really what the policy, whether it is related to interest rates of political policy, is trying to underpin. i of political policy, is trying to underpin.— to underpin. i wanted talk about japan. _ to underpin. i wanted talk about japan, because - to underpin. i wanted talk about japan, because we | to underpin. i wanted talk. about japan, because we will getting some gdp figures out on tuesday. what are you expecting? tuesday. what are you meeting?— tuesday. what are you expecting? tuesday. what are you exectin? . expecting? again, japan has been one — expecting? again, japan has been one of— expecting? again, japan has been one of the _ expecting? again, japan has been one of the confirmed i been one of the confirmed markers from an investment perspective and we are seeing corporate change in terms of distributing that case we have been sitting on to minority shareholders. in terms of the broader economy, despite doing well, and again this revival of demand coming through, is unlikely that the bank of japan, a bit like the pboc, change through —— change their policy direction when it comes to fiscal policy there.- to fiscal policy there. japan is a bit of _ to fiscal policy there. japan is a bit of an _ to fiscal policy there. japan is a bit of an outlay - to fiscal policy there. japan is a bit of an outlay in - to fiscal policy there. japan | is a bit of an outlay in terms of the big g7 economies, has kept interest rates ultra low. you anticipate they will continue to do this because now they are starting to see inflation.— they are starting to see inflation. �* ., ., ., inflation. again, for them to do it we will— inflation. again, for them to do it we will be _ inflation. again, for them to do it we will be very - do it we will be very incremental, people have been appearing for many years in japan where they have had this low interest rate environment and they don't want to all of a sudden derail demand or confidence in the country by all of a sudden increasing tumours. between china and japan, as you rightly pointed out, these are the countries that are very much in the easing mode whereas the rest of the world almost economies around the world are very much still in the exciting phase. that is catherine yeung from fidelity international. some countries have been losing their immigration policies to address labour shortages at home. new zealand is one of them and is already seeing the result. according to data released just moments ago more than 86,000 people moved there 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 an increase in migration is good news for new zealand's businesses. we migration is good news for new zealand's businesses.— zealand's businesses. we have heard businesses _ zealand's businesses. we have heard businesses right - zealand's businesses. we have heard businesses right across i 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. but those three in particular, those jobs 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 where the labour shortages have been most acute and those are now being filled, which is good news, we're trying to resolve these labour shortages are. the country is _ labour shortages are. the country is going _ labour shortages are. the country is going to - labour shortages are. the country is going to the polls in october. you expect immigration policy to change? i immigration policy to change? i think again today's economic climate with such incredibly tight labour market i 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 has prevented employers and firms here from innovating and implementing new technologies. they think there was a report recently done when new zealand reigned around 26 out of 37 oecd countries and spending on research and development. so think there is a case to be made make migration focused really on attracting those top and skills entrepreneurial migrants to come to new zealand to boost productivity. iinstill come to new zealand to boost productivity-— productivity. will new zealand chan . es productivity. will new zealand changes interest _ productivity. will new zealand changes interest rates - productivity. will new zealand changes interest rates later. changes interest rates later this week? it changes interest rates later this week?— changes interest rates later thisweek? , ~ ., this week? it is a big week for us, it is this week? it is a big week for us. it is the — this week? it is a big week for us, it is the monetary - this week? it is a big week for us, it is the monetary policy i us, it is the monetary policy statement this week. we don't expect any changes from the reserve bank, we expect them to keep it on hold at 5.5. they said there is a very high bar forfurther rate hikes. with the data we have seen to date, most of which is a prose on the downside, not materially, but on 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. still forecasting a recession for the new zealand economy and that should really help those inflation pressure school. i think the reserve bank and sit tight today and for the remainder of this year. that is maryjo vergara, a senior economist at kiwibank. amazon started releasing some sellers�* funds back to them after complaints in the uk and eu have money being held unexpectedly. the change of policy comes after the bbc reported amazon�*s actions left some businesses close to collapsing. in may, the e—commerce giant said it would temporarily hold sellers�* funds to holds customary fundamental method businesses would be able to withdraw their money only one week after the delivery date. now the e—commerce giant is saying the measure will be delayed untiljanuary. otazo has cut prices in china for its modely long—range of performance versions. they drop their starting prices of both models by nearly $2000. tesla also said it would offer insurance subsidies for some model three cars. tesla has slashed prices several times in the united states and other market since late last year, trying to shield itself against competition and economic uncertainty. from mumbai to bangkok to jakarta, motorbikes are the most popular form bangkok to jakarta, motorbikes are the most popularform of personal transport across asia. the vehicles are cheap and convenient. however, they also cause massive amounts of pollution. and to cut emissions busy cities need to make the switch to clean electric energy. one time company believes it has the answer. it has built a large network of battery stations to lower the cost of going electric. asia correspondent rupert wingfield—hayes sent 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. music there are iii 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 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 for - and just as reliable. there is no infrastructure for it - and just as reliable. there is no infrastructure for it to - no infrastructure for it to convert electric, and then the moment said and what about battery not included? what if you are able to sell the vehicle without the battery, reducing the cost of the vehicle by 30—a0 present. this vehicle by 30-40 present. this is the really — vehicle by 30-40 present. this is the really clever _ vehicle by 30—40 present. this is the really clever and unique thing about this system, when you buy one of these bikes it doesn�*t have any battery in it, and that makes it cheap. instead, you subscribe to the company�*s batteries and when it gets low you just come to a charging station like this one and switch it out for a fresh one. there are more than 10,000 of these charging stations across taiwan, with more than a million of these batteries in them, and that should mean goodbye to range anxiety. if the vehicle has a hundred kilometre range i can and a 50 than 50 back, which means you have a tether on your neck wherever you go, that is not a solution. we are solving for range anxiety, and at the same time you can hop from a point—to—point. time you can hop from a point-to-point.- time you can hop from a point-to-point. this could be the answer — point-to-point. this could be the answer to _ point-to-point. this could be the answer to zero _ point-to-point. this could be the answer to zero emissionsj the answer to zero emissions personal transport for many of asia�*s used megacities. and for this taiwan start—up, the next stop is india. that�*s rupert wingfield—hayes that unit taipei. before we go, mark zuckerberg has said elon musk isn�*t about holding a cage fight and it�*s time to move on. in a post on his social media site threats, the matter boss said he had offered elon musk a real day but the rival gemona had made excuses. however, mr musk early on sunday suggested on his messaging site x, formerly known as twitter, he was willing to fight as early as next the millionaires builyan has agreed to about injune, with huge tension, the rivals have yet to secure a date, raising doubts the fight will ever go on. that is all we have for you on asia business report. i�*m monica miller. thanks for watching. voice-over: bbc news, - bringing you different stories from across the uk. this meeting injuly was supposed to be an opportunity for birmingham city council to tell residents about their plans for a £2 billion regeneration of their area, ladywood, but it descended into farce as hundreds were locked outside. the residents feel left in the dark about the plans, especially the fact that the council has sanctioned the use of compulsory purchase orders, giving them powers to force people out. i want something for my family and friends and children that�*s going to grab on and we are going to stick them, they are going to be just pushed away and forgot? birmingham university lecturer laura moved to the area a few years ago. she�*sjoined a campaign to give residents a voice. there 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 that our homes are at risk of a compulsory purchase order. instead we�*ve had to find out from the news. but birmingham city council says the area is deprived and will benefit in the long run. this is a long—term programme, 20—year programme, for an area that most needs it. so no—one is going to be turfed out of their house. there will be an offer made at some point. for more stories from across the uk, head to the bbc news website. voice-over: bbc news, - bringing you different stories from across the uk. turtles are turtles a re pa rt turtles are part of a really important ecosystem. they are on top of the triangle together with each child, they are the natural dustbins of the ocean. doing their bit to support sea turtles in the caribbean. we have 13 here _ turtles in the caribbean. - have 13 here today, where he to a local charity being affected by ocean plastic. team one is netting the turtles, team two is transporting the totals from the water to the beach and team three is conducting medical checks on the totals.- checks on the totals. hms dormers. _ checks on the totals. hms dormers, based _ checks on the totals. hms dormers, based in - checks on the totals. hms dormers, based in portsmouth, is deployed to the region to counter drug smuggling and support british territories affected by hurricanes. but 50 sailors volunteered to help a conservation charity during a stop at the dutch caribbean island of curacao. the royal navy has — island of curacao. the royal navy has a _ island of curacao. the royal navy has a responsibility - island of curacao. the royal navy has a responsibility to | navy has a responsibility to support environmental project. 12 million tons of plastic pollution make their way into the ocean every year. see total sometimes _ the ocean every year. see total sometimes mistake _ the ocean every year. see total sometimes mistake plastic - the ocean every year. see total sometimes mistake plastic for| sometimes mistake plastic for food, leading to injuries that can be fatal. more than 200 kilograms of plastic was clear from this testing beach. the hope is the exercise will raise awareness, encourage people to think about their behaviour, and inspire similar initiatives. for more stories from across the uk, head to the bbc 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�*ve 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. overall i think we deserved a little bit more or more than liverpool. yes, i think we feel pleased and we feel at the same time disappointed because we wanted to win and we deserved to win, yeah, but that is only the beginning and i�*m

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