the yen has been steadily depreciating against the dollar. it recently crossed the 150 yen to dollar threshold. let's speak now to damian thong. he is the head of japanese equity research at financial services firm, macquarie group. it's firm, macquarie group. a big tailwind, especially for it's a big tailwind, especially for exporting from japan. even for exporting from japan. even for manufacturers outside it means a lot of the profits they would generate overseas will be brought back into japan and an attractive rate of exchange. {iii attractive rate of exchange. of course japan's biggest trading partner china will be getting quite a lot of weak economic data, how concerns are japanese companies be? i data, how concerns are japanese companies be?— companies be? i think it depends _ companies be? i think it depends on _ companies be? i think it depends on the - companies be? i think it depends on the firm. i companies be? i think it. depends on the firm. this a companies be? i think it - depends on the firm. this a bit of a tug of war, we will see the results of companies, china its demand exposure, automation companies, fairly weak results in the september quarter. however, if you look at the likes of toyota who manufactures and sells into the us market this will be a banner years, a strong quarterfor them. i think many firms will essentially sort themselves along this continuum. there'll be companies who do well airing some of these relatively bad. the good news is on a whole japan generally benefits from weak yen. japan generally benefits from weak yen-— japan generally benefits from weakyen. , , weak yen. japanese companies have been _ weak yen. japanese companies have been raising _ weak yen. japanese companies have been raising salaries - have been raising salaries partly because the government has been asking them to cover which is great news for workers. which is great news for workers-— which is great news for workers. . , workers. can those companies afford to do — workers. can those companies afford to do this? _ workers. can those companies afford to do this? they - workers. can those companies afford to do this? they can. i afford to do this? they can. suggesting the impact on the profit margins is basically less than 1%. because japanese sector had a great run in terms of profits over the last ten years, in fact profit is at all—time high level. the ability of the japanese industry to absorb these pay increases have never been higher. i think the question going into next year is whether or not these pay increases will be sustained at the same pace. the jury is still a bit out. our senses they will. largely because of increasing labour shortages and of course rising investments that will drive up the demand for labour injapan. now, it's going to be a packed week on the economic calender — so let's take you through some of what we're watching this week. on tuesday, policy makers at the bank ofjapan will hold its rate—decision meeting, the same day fresh data on unemployment and retail sales are released. prices have been rising injapan after decades of near—zero inflation. meanwhile, china will release its october survey of economic trends in the manufacturing and services sector. the world's second biggest economy has seen a sluggish post—covid recovery. recent indicators have showed a mild rebound in manufacturing activity. and midweek, officials from the us central bank will hold their meeting to decide on the cost of borrowing. last week, data showed american consumers are still spending big despite higher prices and inflation. let's bring in andrew tilton, chief economist for asia pacific at goldman sachs. let's begin with the bank of japan — it's been the only major we're expecting to hold policy on change this week. there is a question given the yen weakness that you mention earlier in the programme and the fact that ten year interest rates have moved up year interest rates have moved up to about 0.87% currently, close to the 1% yield that the bank of japan close to the 1% yield that the bank ofjapan put in place a few months ago. there is a question about whether they might lift that further at this meeting. with tickets close call but in the end we think they will probably hold off for a bit longer to see if rates stabilise around this level. the fed is also meeting this week. inflation is not as hot as before and also gdp figures coming in quite strongly showing that consumers are still spending for that what is your outlook they are? gdp urowth your outlook they are? gdp growth was _ your outlook they are? gdp growth was very _ your outlook they are? gdp growth was very robust - your outlook they are? (izdi growth was very robust in the third quarter, nearly 5%. we tickets likely to slow to 2% a bit less in the fourth quarter. we already have relatively high level interest rates and inflation has been decelerating. we think the fed will stay on hold here. the body language, recent messaging from fed officials have been consistent with that.- consistent with that. china, what are — consistent with that. china, what are you _ consistent with that. china, what are you expecting - consistent with that. china, what are you expecting in l consistent with that. china, - what are you expecting in terms of the latest data?— of the latest data? china seems to have bottomed _ of the latest data? china seems to have bottomed out _ of the latest data? china seems to have bottomed out of- of the latest data? china seems to have bottomed out of the - to have bottomed out of the last couple of months policy stimulus has increased, policymakers trying to stabilise the housing sector. issuing additional central government debt to support infrastructure spending and manufacturing activity picking up manufacturing activity picking up a little over the last couple of months. while growth is still unspectacular by china's standards we do think we will see a modest pick—up over the next few months. in other news making headlines this morning... a union representing workers for detroit's big three car giants has managed to agree on a tentative deal with stellantis — the parent company of chrysler. it follows another deal that the union struck with ford. remember those workers have been protesting for more than six weeks, asking for fair pay and better benefits. both deals are still subject to approval from union leaders, but workers at stellantis and ford have returned to work during the ratification process. hong kong court will be deciding the fate of evergreen after two years of the stunning collapse of the embattled property giant after it defaulted on its debt. the court could order the company to be liquidated, which would send further shock waves through the markets or it could adjourned the case for more information. confirmation last month that its billionaire founder was under police investigation for suspected critical to eight criminal activities have thrown the companies offshore restructuring plans off course. construction often leaves a heavy carbon footprint because of the materials of that building is made of like steel and concrete but also because of the energy it takes to construct them. in the next four decades 230 billion m2 of construction is expected and thatis construction is expected and that is prompting a rethink and how we built more sustainably. this three bedroom house is made entirely from the board. it's a prototype demonstrating a new approach to building. here you are on the second floor. everything is built out of bio —based materials by using wood base materials and energy efficient design their carbon footprint has been slashed to just a third of the average danish house. all the wood you see around us is actually a storage of c02 that is drawn out of the atmosphere. and contrary if we built this out of concrete, bricks or steel you would have huge emissions. steelyou would have huge emissions.— steelyou would have huge emissions. . , , emissions. called living places the project _ emissions. called living places the project aims _ emissions. called living places the project aims to _ emissions. called living places the project aims to show- the project aims to show sustainable housing can be built now without the wait for new technologies.— built now without the wait for new technologies. what we have arrived at is _ new technologies. what we have arrived at is the _ new technologies. what we have arrived at is the ultra _ new technologies. what we have arrived at is the ultra low - arrived at is the ultra low footprint which is achieved with— footprint which is achieved with materials that are all available today in any diy. same _ available today in any diy. same with the technology, it is all on _ same with the technology, it is all on the — same with the technology, it is all on the market.— all on the market. around 3796 of c02 emissions _ all on the market. around 3796 of c02 emissions worldwide i all on the market. around 3796 i of c02 emissions worldwide stem of co2 emissions worldwide stem from construction. that rises from construction. that rises from using materials like steel and cement as well as energy for heating and ac. in an effort to lower their climate impact many new constructions are now turning back the clock and embracing age—old material. would. so could ppllaayy scrapers are timber blocks are rising up in scandinavia and elsewhere. soon it will surpass 100 metres and 32 floors. while whole neighbourhoods of wooding buildings are planned like this one in stockholm. 0nce finish this eight story office block will be copenhagen is largest infrastructure for the uses clt, a wood made of several layers, it's more fire resistant bed brought timber and has a similar strength to concrete. though it cost more to build with their other selling points. the architects are seeing growing demand. we have are seeing growing demand. - have per week going out. it's not noisy and dirty, it's a normal construction sites hook us up really fast. we're constructing what equals two —— month in terms of square metres. we need to adapt and we need to adapt fast.— need to adapt fast. here in denmark— need to adapt fast. here in denmark new _ need to adapt fast. here in denmark new emission i need to adapt fast. here in i denmark new emission rules are also driving the shift to more sustainable practices. we 'ust assed a sustainable practices. we 'ust passed a new i sustainable practices. we 'ust passed a new lawi sustainable practices. we 'ust passed a new law and i sustainable practices. wejust passed a new law and you i sustainable practices. we just i passed a new law and you cannot have _ passed a new law and you cannot have a _ passed a new law and you cannot have a building realised if it's not— have a building realised if it's not under 12 kilograms per square — it's not under 12 kilograms per square metre. we're pushing their— square metre. we're pushing their regulations or how do we do it — their regulations or how do we do it. , , ., , ., , do it. this exhibition explores more experimental _ do it. this exhibition explores more experimental materials| more experimental materials that are now emerging. this generated — that are now emerging. this generated surface. - that are now emerging. this generated surface. among l that are now emerging. this i generated surface. among them -s llium, generated surface. among them psyllium. it _ generated surface. among them psyllium, it could _ generated surface. among them psyllium, it could use _ generated surface. among them psyllium, it could use for - psyllium, it could use for soundproofing and cladding. in three weeks we can transform it into a new building material. we can actually store carbon in our building and turn our building intoa our building and turn our building into a hero. for now these are — building into a hero. for now these are first _ building into a hero. for now these are first steps - building into a hero. for now these are first steps but i these are first steps but rethinking how to design buildings of the future could go a long way to tackling the climate impact. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories from across the uk. these are some of the last of their generation, men and women who can still remember the second world war. my army call up papers arrived in august 1939, three days before germany invaded poland. how good we would have been, i only had three bullets. these stories and others now form part of a book. a book mostly telling the stories of how children across the country were touched by the conflict. children like janet, who went to school in taunton and is now 96. it'sjust been an eye opener, really, to see how other few other people must have felt. the book was the brainchild of the manager of highfield house in castle cary. it struck me that it was really important to try and capture these before it was too late. there was an example of one lady who told me about skipping across westminster bridge singing while the bombs were dropping. and that just stuck with me. so i thought, we've got to get these stories. john and his friends describe their stories as ordinary. but what can't be denied is they lived through an extraordinary time. for more stories from across the uk, head to the bbc news website. bbc news — bringing you different stories from across the uk. public transport part of everyday life for thousands of people. the wales youth parliament thinks free bus and train travel could transform the lives of the under 25. so what do young people here in the capital think? sorry, it's so expensive for students. i'm paying my rent today, so i'm going to be like skint for like the next. well, till next. student loan payment. so yeah, free transport would be helpful. it should be like a standard that is free, you know, getting people around and getting to what they need to do in their day to day life is more important than charging them. 0nly last month, passengers using the popular booker bus service in mid and west wales were told funding for the service is coming to an end and there are worries other buses could also be cut. there are some discounts for young travellers. they can get a third off bus fares through the my travel scheme and a third of train tickets too with a young person's railcard and under 16's can also travel free on transport for wales trains when they're with a full fare paying adult. by 20110, the welsh government wants nearly half of alljourneys to be taken by public transport, walking or cycling. for more stories from across the uk, head to the bbc news website. hello and welcome to sports day. here are the headlines — hosts india thrash defending champions england at the cricket world cup. the manchester derby went the way of city at old trafford and max verstappen wins again, this time at the mexico city grand prix. hello and welcome along to the programme. lots to bring you on a busy sunday of sport. and we're starting at the men's cricket world cup where india remain unbeaten after a 100 run victory over england, which leaves the defending champions all but out while india sit top of the table on the cusp of the semi—finals. katy cornwall reports. this was meant to be the big one,
Related Keywords
Companies , Yen , Profits , Economy , World , Weakjapanese , Hello , Steel , Concrete , Wood Help , Asia Business Report , Mariko Oi , Let S Begin Injapan , Country , Earnings , Two , Industry Giants , Slew , Brands Tech Company Panasonic , Exporters , Consumers , Japanese , Thanks , Sales , Countries , Boom , Currency , Products , Car Maker Toyota , Head , Dollar , Japanese Equity Research At Financial Services Firm , Dollar Threshold , Damian Thong , 150 , 150 Yen , Firm , Lot , Tailwind , Manufacturers , Overseas , Macquarie Group , Data , China S , Rate , Course , Concerns , Exchange , Trading Partner , Results , Automation Companies , Exposure , Tug Of War , Market , Us , Firms , Toyota , Quarterfor , Continuum , News , Government , Some , Benefits , Salaries , Raising Salaries , Weakyen , Workers , Sector , Terms , Impact , Do Workers , Run , Profit Margins , 1 , Question , Level , Pay , Fact , Increases , Profit , Industry , Ability , Ten , Bit , Demand , Investments , Jury , Space , Senses , Labour Shortages , Labour Injapan , Meeting , Prices , Bank Of Japan , On Tuesday , Policy Makers , Calender , Unemployment , Inflation , Manufacturing , Trends , Recovery , October Survey , Indicators , The World , Zero , Activity , Officials , Big , Rebound , Midweek , Borrowing , Cost , Central Bank , Andrew Tilton , Policy , Major , Yen Weakness , Goldman Sachs , Chief Economist For Asia Pacific , Interest Rates , Yield , Programme , Place , 0 87 , End , Tickets , Fed , Rates , Outlook , Gdp Growth , Gdp , Figures , Gdp Urowth , Izdi Growth , 5 , 2 , Decelerating , Hold , Messaging , Body Language , What , Debt , Growth , Policymakers , Manufacturing Activity , Stimulus , Little , Infrastructure Spending , Housing Sector , Standards , Pick Up , Union , Deal , Parent Company , Car Giants , Morning , News Making , Ford , Big Three , Stellantis , Chrysler , Detroit , Three , Six , Court , Deals , Approval , Union Leaders , Ratification Process , Fate , Collapse , Hong Kong , Company , Markets , Property Giant , Shock Waves , Information , Case , Thatis Construction , Carbon Footprint , Activities , Police Investigation , Billionaire Founder , Plans , Eight , Building , Materials , Energy , Four , 230 Billion , House , Rethink , Board , Prototype , Wood Base Materials , Approach , Floor , Everything , Design , Third , Wood , Storage , Bricks , Highfield House , C02 , Atmosphere , Danish , Project , Emissions , Technologies , Wait , Living , Emissions Steelyou , Steelyou , Housing , Ultra Low Footprint , Technology , Diy , Same , Ultra , Wall , C02 Emissions , Constructions , Co2 Emissions , Material , Climate , Cheating , Cement , Effort , C02 Emissions Worldwide Stem , Mac , Clock , 3796 , Timber Blocks , Floors , Scrapers , Elsewhere , Would , Scandinavia , 100 , 32 , Buildings , Story Office Block , Neighbourhoods , Infrastructure , Stockholm , Players , Copenhagen , Clt , 0 , One , Timber , Bed , Strength , Selling Points , Architects , Construction Sites , Law , Practices , Fast , Need , Rules , Shift , Denmark , Dust , Lawi Sustainable Practices , Ust Assed A Sustainable Practices , Square Metre , Wejust , 12 , Surface , Exhibition , Regulations , Sl , Llium , Psyllium , Hero , Building Material , Soundproofing , Cladding , Steps , Way , Climate Impact , Rethinking , Eedition , Watching , Stories , Last , Men , Women , Bbc News , Uk , Generation , Army , Papers , Bullets , Poland , Germany , Second World War , 1939 , August 1939 , Book , Children , Part , Conflict , Others , Taunton , Janet , 96 , People , Eye Opener , Manager , Brainchild , It Sjust , Castle Cary , Felt , Lady , Example , Bombs , Westminster Bridge , John , Website , Friends , Public Transport , Life , Thousands , Bus , Train Travel , Students , Youth Parliament , Lives , Capital , Brent , Wales , 25 , Transport , Standard , Student Loan Payment , Passengers , Popular Booker , Till Next , 0nly , Bus Service , Service , Travellers , Buses , Cut , Worries , Funding , Discounts , Mid And West Wales , Fares , Train Tickets , Person , Railcard , My Travel Scheme , 16 , Trains , Fare , Adult , Walking , Alljourneys , 20110 , India , Cricket World Cup , England , Headlines , Sports Day , Mexico City , Manchester Derby , Old Trafford , Grand Prix , Max Verstappen , Lots , Champions , Cusp , Sit Top , Semi Finals , Victory , Table , Busy Sunday Of Sport , Katy , Cornwall , The Big One ,
comparemela.com © 2020. All Rights Reserved.