Transcripts For BBCNEWS Asia 20240704

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domestic economy has not done so well and consumption is down on the quarter and investment spending is treading water. in that respect it would be premature to say the japanese economy is out of the woods but it is a positive surprise. this is a tricky — it is a positive surprise. this is a tricky balance _ it is a positive surprise. this is a tricky balance for- it is a positive surprise. this is a tricky balance forjapan because they have been trying to boost inflation unlike some other g7 economies yet they are having a problem, people aren't feeling confident in purchasing and buying things there. how do they balance this?— they balance this? indeed, that's the _ they balance this? indeed, that's the million-dollar i that's the million—dollar question right now. we've had a pretty good result for these spring wage negotiations this year and wage growth is picking up year and wage growth is picking up injapan so in that respect things are changing. but the wage gains we are seeing now are not keeping close to my pace with inflation which means purchasing power is still declining which is one of the factors that will have contributed to the very subdued reading for domestic consumption in this quarter. we'll have to see where things go from here out. the expectation is for inflation to moderate but with all the disruptions we see worldwide to food prices and potentially those disruptions bleeding into other commodities as well, there is a chance that inflation will stay higher for longer, in which case the outlook for domestic spending would certainly darken quite a bit. i would certainly darken quite a bit. ., ., ., . ~ would certainly darken quite a bit. ., ., ., ., bit. i have to go back to the 696 again- _ bit. i have to go back to the 6% again. what _ bit. i have to go back to the 696 again. what is - bit. i have to go back to the 696 again. what is it - bit. i have to go back to the 696 again. what is it that. bit. i have to go back to the i 696 again. what is it that japan 6% again. what is it thatjapan is doing because we were expecting things to be much more incremental, things move a bit slower, they are very cautious, so what are gandhi attributed to this massive increase, much more than anyone expected? increase, much more than anyone exected? �* , increase, much more than anyone exected? �*, , expected? right, it's mostly due to exports, _ expected? right, it's mostly due to exports, as _ expected? right, it's mostly. due to exports, as measured, and there are two things that happened on the quarter. one is japan poz mike goodes exports did better than initially expected, much of that supply chains have improved which allow the car industry to ramp up allow the car industry to ramp up shipments, so car exports have done pretty well. on the other hand the second factor, we've had a pretty good recovery and domestic tourism, so foreigners, japan and travelling injapan, so that boosts services exports. tourism went from zero to almost pre—pandemic levels in the span of only a few months with a stellar recovery and that's contributed to this surprise upsurge in exports. thanks for analysis. let's stick with japan because the government is encouraging large companies to happen women in boardrooms. a third of directors filled by women by 2030. the asian country has light behind western nations on university and corporate boardrooms for example women may just about 15% of boardrooms for example women mayjust about 15% of directors of the largest companies in japan last year, compared to 31% in the united states and almost 41% in the uk. naomi is the chief executive of on—ball, specialising in connecting female leaders to companies and she says a change is under way injapan. she says a change is under way in jaan. ., she says a change is under way injaan. ., ., in japan. comparing other countries, _ in japan. comparing other countries, japan - in japan. comparing other countries, japan is - in japan. comparing other countries, japan is very i countries, japan is very behind, but it is increasing. so it is not only due to the government rules but also japanese companies changing due to pressure from foreign investors, so now it's a policy from investors asking japanese companies to appoint more female directors. i would point out to which i think the japanese companies. first iss changed its foreign odyssey this february. if there are no female directors, they recommend going against the appointment of ceo. as for investors and japanese institutional investors have similar version policies, so now japanese similar version policies, so nowjapanese companies are now japanese companies are trying nowjapanese companies are trying to appoint more female directors. also this year, this march, the appointment of the ceo of canon, one of the biggestjapanese companies, was biggest japanese companies, was almost biggestjapanese companies, was almost a night at the shareholder meeting because there is no female board members so nowjapanese companies are scarred. they are trying to find female board members. trying to find female board members— trying to find female board members. ,, ,, ~ ,, members. the swiss bank ups has aareed members. the swiss bank ups has a . reed to members. the swiss bank ups has agreed to pay _ members. the swiss bank ups has agreed to pay $1.4 _ members. the swiss bank ups has agreed to pay $1.4 billion - members. the swiss bank ups has agreed to pay $1.4 billion to - agreed to pay $1.4 billion to settle fraud claims of united states link to the 2008 financial crisis. it brings to close the last case brought by the us prosecutor investigating banks conduct an honor to the crash. prosecutors said the bank had lied about the quality of mortgages that were packaged and sold to investors. ubs did not admit or deny any of the claims. in a statement it said it had already set aside money for the quote legacy matter. celebrity creative directors are black fashion. more companies are hiring famous faces to fill executive roles. without the bbc�*s north america corresponded michelle fleury in new york to speak to one of them and find out what is driving the new trend and they qualified? dj khaled, the grammy award—winning music mogul with the mitres touched. his latest partnership with latest german spirit were brandished saw him open a concept store at his home town, miami. let's go shopping! but he's notjust the ipad. he is also chief creative officer. a title he does not take lightly. why are we seeing more celebrities in executive roles? you have to remember, people through that name around, celebrity, which is a blessing, and i'm very grateful for the world calling me a celebrity of the same time we are visionaries as well. it is beautiful, if you think about it, it is like levels and steps of your hard work and get to a certain point and boom, look at this, he has his own store with snipes. let's not forget about the 35 years of hard work to get to worry about today. given his busy schedule _ get to worry about today. given his busy schedule though, - get to worry about today. given his busy schedule though, howl his busy schedule though, how much can a celebrity like dj khaled really contribute? a lot, according to the ceo. he credits the wrapper with turbocharging the company's turbocharging the compa ny�*s growth turbocharging the company's growth in america from 65 stores to over 300. be honest, that was a — stores to over 300. be honest, that was a crazy _ stores to over 300. be honest, that was a crazy move. - stores to over 300. be honest, that was a crazy move. the - stores to over 300. be honest, l that was a crazy move. the time when we made _ that was a crazy move. the time when we made this _ that was a crazy move. the time when we made this deal, - that was a crazy move. the time when we made this deal, we - that was a crazy move. the time | when we made this deal, we just had 65— when we made this deal, we just had 65 stores in the us and we signed — had 65 stores in the us and we signed with dj khaled, we signed _ signed with dj khaled, we signed with dj khaled, we signed with two nba teams and everybody in the united states thought — everybody in the united states thought thisjevon everybody in the united states thought this jevon carter is a little — thought this jevon carter is a little crazy because this is a little — little crazy because this is a little bit _ little crazy because this is a little bit too much for what it is. little bit too much for what it is but — little bit too much for what it is but i_ little bit too much for what it is. but i think that was the best— is. but i think that was the best starting point we could have — best starting point we could have. �*, best starting point we could have. �* , ., , �* , have. it's not 'ust me, it's me! 01h have. it's notjust me, it's me! dj khaled's _ have. it's notjust me, it's me! dj khaled's role - have. it's notjust me, it's me! dj khaled's role is i have. it's notjust me, it's. me! dj khaled's role is part have. it's notjust me, it's - me! dj khaled's role is part of an emerging _ me! dj khaled's role is part of an emerging trend _ me! dj khaled's role is part of an emerging trend of - me! dj khaled's role is part of an emerging trend of famous | an emerging trend of famous faces taking on executive roles. think ron williams at louis vuitton or the upper cut matthew chau. it used to be that develop products you hire celebrity to pose with it. run some tv ads unstick stricter image a giant billboard. a huge sign here, part of the attractions to new york's times square. but that was the age before social media. vanessa friedman as the new york times she fashion critic.— she fashion critic. once upon a time not she fashion critic. once upon a time got most _ she fashion critic. once upon a time got most of _ she fashion critic. once upon a time got most of the - she fashion critic. once upon a| time got most of the consumer information through magazines. as these that allow direct medication between brands and celebrities and consumers, that stranglehold completely opened up. stranglehold completely opened u - . stranglehold completely opened u . _ ., ., ., , stranglehold completely opened up. the floodgates opened. for the stars. _ up. the floodgates opened. for the stars, she _ up. the floodgates opened. for the stars, she says, _ up. the floodgates opened. for the stars, she says, it's - up. the floodgates opened. for the stars, she says, it's about | the stars, she says, it's about more than the benjamin �*s. the more than the ben'amin 's. the actual celebrities _ more than the benjamin 's. tue: actual celebrities what more than the benjamin 's. tta: actual celebrities what more important. but ijust want actual celebrities what more important. but i just want to be effaced, but ijust want to be effaced, but ijust want to be of giving their image. they want to say over what their image is connected to. the lack of on paper _ image is connected to. the lack of on paper qualifications - image is connected to. the lack of on paper qualifications may l of on paper qualifications may feel unfair but social media has changed the way the world sees brands. as long as it makes the company money, this lovely credit director is here to stay. michelle fleury, bbc news, new york. the russian rouble has briefly fallen to its lowest level in 16 months. moving parts 100 per us dollar. the decline comes as pressure grows on the russian economy with imports rising faster than exports and military spending growing for the ukrainian war. russia has been targeted with sanctions by western countries following its invasion of ukraine. in february 2022 the rouble plummeted after the war first broke out there but was bolstered by capital controls and oil and gas exports. after that news of a 6% jump and oil and gas exports. after that news of a 6%jump in the gdp injapan let's check the nikkei which is up almost a percent. that is kind of following what happened in the united states overnight before this news broke out. their tech sector s&p 500 closed higher on monday as shares of chipmaker nvidia jumped following a bullish note from morgan stanley pleading other lego cadbury stocks higher as investors. but all we have for you. i am monica miller. thanks for watching. voice-over: bbc news, - bringing you different stories from across the uk. turtles are part of a really important ecosystem. they are on top of that triangle together with the sharks, they are the natural trash bins of the ocean. doing their bit to support sea turtles in the caribbean. we have 13 here today, from hms dauntless. we're here to support a local charity as the turtles are being affected by ocean plastic. team one is netting the turtles, team two is transporting the turtles from the water on to the beach, and team three is conducting medical checks on the totals. hms dauntless, which is 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 a responsibility to support environmental protection. 12 million tons of plastic pollution make their way into the ocean every year. sea turtles sometimes mistake plastic for food, leading to injuries that can be fatal. more than 200 kilograms of plastic was cleared from this nesting 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 news website. hey, i'm stephen with the catch up. tonight and securejobs, big—money moves and a panda party. we will start in hawaii were a massive search is under way for the hundreds of people still missing after wildfires on the island. we know at least 96 people have died with lots of popular tourist spots completely destroyed. some residents are angry they did not get enough warning and people are still heading their holidays. people are still heading their holida s. ., , ., holidays. the same waters that are peeple _ holidays. the same waters that are peeple just _ holidays. the same waters that are people just died _ holidays. the same waters that are people just died in - holidays. the same waters that are people just died in three i are people just died in three days ago are the same waters the very next day these visitors, tourists were swimming in.- visitors, tourists were swimming in. some other stories- — swimming in. some other stories. truman - swimming in. some other stories. truman had - swimming in. some other stories. truman had been stabbed outside of popular gay bar and south london what police say was a homophobic attack. it happened outside to brewers in clapham last night. victims are out—of—hospital and no—one has been arrested. have you ever had a job that shorter we are not quite sure how many hours you do? start shed with the bbc show the number of people from ethnic minorities doing that kind of work has doubled in the past decade. it only went up by 10% for white people. there have been more big—money spending and football transfer market. name on the left is leaving psg and his often a saudi club al—hilal more than £75 million and chelsea have paid over 100 million to sign brighton's voices kai sotto. we will leave you with ten seconds a panda party. this is lalo the giant panda cub elevating a second but that is in singapore. he was spoiled with ice blocks, a watermelon and even a bamboo cake. you are all caught up. have a great night. hello and welcome to sportsday. manchester united were smiling in the end, but wolves didn't really deserve to lose. the saudis swoop for another superstar, now neymar is off to the pro—league. and it's semi—final time at the women's world cup. we're in australia and new zealand for the latest. hello there, we'll start in the premier league, where manchester united have started their season with a 1—0 win over wolves, but that doesn't tell half the story, united were relieved when the fulltime whistle went at old trafford, the winning goal came inside the last 15 minutes, rafael varane with a close—range header. but it was the united keeper, andre onana who had been far busier on his debut and he looked like he'd conceded a penalty in stoppage time as he defended a corner and missed the ball, but the referee waved away the wolves' protests. the visitors had 23 shots on goal, and certainly deserved something from the game.

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