Government going to snep to do some escalated measures to stimulate the economy. Last week 8 growth in the shanghai composite. Those gains up to 10 . Lets do a little bit of a microscope here. We saw in the u. S. On friday there theyre ending things in the red despite that we saw those record highs on thursday. The shanghai composite year to date surging. And we have see the any kay 22 as well. It has been seven Straight Days of gains. Year to day about 17 . 20,407. Thats the 15year high. Back to you guys. Rishaad surging exports to the u. S. , a trade deficit and the news providing some evidence that the economy is continuing to recover after last years recession. Willie, on the economy is there any real grounds for optimism . Well, yes. Happy birthday buda from japan. This is some of the best news weve had in a few months. You know, there are caveats gallonor. Galor. The u. S. Is recovering certainly thats good news for japan thsms certainly the back grop that were moving into. There are a lot of head winds that are affecting the u. S. Economy. Sales are up last week and are still affecting consumer spending. Big exporters which are shipping more and more to the u. S. And even in china theyre not sharing those spoils with workers just yet the kind of wage increases that weve seen in japan have been quite disappointing. You weaken the end. You give companies bigger profits. The first half of that matrix is working pretty well. The second half is not working out yet. Theres a lot of questions they send the matters to the broader economy. Sit like perhaps your time will return to surplus perhaps in the last 1 years. How does it feel on the streets of japan there as well . Well, thats an interesting question. The first part of your question, yeah i think we probably will return to a trade surplus which is a bit odd because doesnt that mean the yen will have to rise. You look at the d. O. J. Policies the thing about the buzz on the street there is a little more a by. But most of the optimism is external. When i travel outside this country and talk to bankers and economists theres a lot more excitement about abimomics. A lot of investors are thinking when it is going to work for me . There are a lot of economic and security looking forward. So people here are save mrg and spending less. Thats a lot of the problem. Theres a lot of it missing because the Prime Minister is saying and doing some of the right things but here in japan there is a lot of skeptism a lot of concern. Opinion polls do show the extent where there is this dichotomy. Wages are not rising. Rishaad we were talking about abinomics being hollow. Does that still resonate with you . It does unfortunately because abinomics has three arrows monetarily policies and monetarily policy. The fiscal policy went to the ground because we raised taxes. Deregulation is reforming the labor market. Its making the economy for innovative. We havent seen any of that just yet. Weve seen steps to improve the corporate government but even those steps are watered down. The third arrow, the most important bit if you will, thatcher nomics and reagan nomics we havent seen that just yet. Were seeing companies doing what toyota does. And even sony got profitable because the weak yen but the average japanese is not benefits from abinomics the way you would hope. Rishaad thank you very much. Another page turned and the senior minister says theres no money. Next months payments to creditors wont go ahead. The Prime Minister insists athens will honor its commitment. Sheri has the latest. To say that there is mixed messages would be an understatement. There are way tam characters in this greek drama. It just illustrates the complicated situation in greece. The Prime Minister saying that greece couldnt and wouldnt be able to pay the i. M. S. In june without a deal with creditors. The he does give you a glimpse of the rather dire situation in greece that they struggle to break the impasse in order to able to receive the bailout funds which they havent gotten since august. This is also the most explicit remark about a likelihoods. The greeks wont be defaulting monetarily. We know that the central economy has rejected a proposal from a hard left, the hard liner who wanted to actually see greece defaulting on its lones on the i. M. S. Lones. They wanted to miss the payments. They will try to make those payments. The greek government of course has about 330 million to pay to the i. M. S. Next week. All in all in june it has more than 1. 7 million due to the i. M. S. And many more deadlines coming up in july and august. What are the prospects of deal in the days ahead . Right now it looks a bit tricky the german chance lorks the french president they have made it clear to the greek that they have until the end of this month to reach an agreement on the aid program which would include Economic Policy changes. He said its up to the creditors because the greeks have met them 3 3 of the way. Still reaching a deal looks challenging. The german chancellor said theres not much wiggle room as they are committed to policy changes in a deal back in february. Some members of the syriza party as we saw earlier backing down from a loan. Thanks so much for that. Rishaad now the australia golden nickel producer Independence Group has been sold for about 3. 8 billion in stock. They are the second Largest Development of nickel. Independence stock is down about 8 . The regulators are keeping their feet on the ground. Authorities there say theyre going to take a tougher line on market manipulation by marketing information disclosure and look at abnormal trading activity. They have exceeded triple digits since the beginning of year. The value of the economy would fall last week. 5. 8 to 7. 7 . That was of the issue. The Share Capital has had. Hanergy plunge and the stock was suspended. Theres a new hurd until the way of indian coal minor. He locked himself in his office. What is actually going on here precisely . Well, rish you can call ate management tussle in amir sombodo. Hes refusing to leave his position. Hes digging his heels. Has locked himself in burel in jakarta on the 15th floor an has mobilized more than 100 guards to i insure hes not effected. In the meantime he takes control of berau i. T. Systems along with the bankingings in. Banksing bankings. Bureau has submitted a restructure plan to gain control of the company. As of now nothing were not closed to any resolution. Rish . Rishaad what now . How do you get to berau . How do you sort this mess out . What are people telling you. Asia resource says it will remove somodo. Its taking steps for a star thats begun Court Proceedings against him. The main claim are various agreements which sombodo made. Injunctions are restraining sombodo. Not surprising despite all the efforts, moodys the Ratings Agency is concerned. The situation is complicated. So its downgrade berau with a negative outlook. The shares have been suspended at the beginning of the month. Its been action by the Stock Exchange in indonesia. They said it didnt know who was responsible for the company. Imagine that, rish. Lets go to singapore. Coming up later in the show. Were going to be live for the latest and the greatest. Our report from the consumer electronic show. Were going to be checking in on the u. S. Economy with our next guests to believe a presemp active rate rise could be on the card. Contained the remains of hundreds of muslims from myanmar. This Months Police found dozens more body at an abandoned trafficking camp. Southeast asia struggling with immigration. Many took to wooden boats with thousands stranded at sea. Torrential storms in the weekend in southern and Central China have broke an 40year record in rainfall for may. 57 people have died since the bad weather arrived last week mainly in car crashes. A report of a million others have sought shelter. Some dams could collapse. The forecast is for more storms this week. Thousands of people have fled villages along the river in northwest nepal after a landslide and cause flash floods. And authorities fear that the water could breakthrough at any time. Nepal has been devastated with two powerful earthquakes along with dozens of aftershocks. The First Quarter slowdown in the u. S. The feds say its still on course to raise the rate this year. For more on the asian Market Outlook we are joined by our correspondent, an investment strategist with capital. Greece, we know that this is really driving markets today. But of course, the fed as well well save that for later. But i want to tarkt on the fed. Because janet yellin is looking at it. And inflation are looking up. All in all things are looking up for a september rate raise. The core has risen by 2. 6 for the past three months which is a very, very strong figure. Its a fouryear high. On top of which of course, you do have some tighting of the labor markets. Because the terrible educational system continues heading south. And so im of the view that the third point would be that the line defects of the policy in the u. S. Are going to start hitting and thats what dr. Yell in pointed out that there are many lag policies. Just because you change the policy doesnt mean that it changes. Policy being in affect of education. No doubt there are a lot of challenges when it comes to Public Education in the United States. Believe me, ive reported from some of those inner city schools. And im a product of it. But at the end of the day its when companies lets do more with less because of the Global Financial crisis and extending the workforce that they have but giving them much more to do. At some point its got to give. I hope so. But the simple fact is that the americans are not training people vocationally. And thats something they went through eugene, oregon but just a very, very bazically poor system of normal Public Education. Forget the harvards and the yails and yales and a princeton, not a bad cool but certainly not of the standard of asia or europe. I cant say. But yes, you keep on they keep on coming because the multinationals are diversing abroad more and more. But the key culprit has to be the government which keeps on putting more and more and more regulations particularly in europe and also the u. S. Making it not worth peoples while to keep on hiring because theyre going to keep on paying huge taxes and are basically being punished for the effort. Look at all these factory rules coming in. Thats going to hurt the factories just from the regulatory angle also. All right. So what do you think needs to happen for fear of getting into policy. Lets talk about the economic recovery that is the u. S. Right now we are seeing green shoots turning into a bugs of spring. Do you think third quarter, Fourth Quarter g. D. P. Is going to reflect that . It will be better than the Fourth Quarter. It was meyered by both those strikes in the u. S. So its kind of a slam dunk. The two, three and four will be in the region of 2. 5 . Im of the view that we have to get used to secular growth stagnation which goes toe say that were not going which goes to say that were not going to see those inflation. A lot of the inflation is not demand pull. Its cost push. Its costs rising. We get back to the argument cost rising Commodity Prices rising, yes, not falling. Yet some of those are rising rather strongly. And thats going to be slowing growth. Youre saying its still at an age of Falling Oil Prices . Absolutely. The oil prices are up 50 . But a year ago they were much higher. So relatively speaking we are still until an age of low oil prices. Were still in the age of low oil prices. Were still in the age of low gold prices but take some of the metals like ironore thats been going up strongly. Once china does rekind the economy the Commodity Markets will go much much more strongly on the metal side and certainly on the soft side with el nino coming in and la nina coming back it seems to me its of especially easy rubber prices and especially the prices will take another rise up. Ok. Lets see what con trarne views you can give us on greece appear and japan. Stick with us. Thanks enzio. Find out why the australias market is turning into a post code lottery. Rishaad this is asia edge. Sydneys redhot Property Market is a different story as the end of the long mining boom is dragging house prices down. Ryan reports from perth. Its too bad this townhouse is not in sydney. If it was it would have most likely sold by now and for a princely summit then. It is in western australia. What do you think of this place . Its one of the best areas of perth. At the peak of the growth it would be worth 1. 5 million. Today under a million. It hasnt attracted a sidge offer. Property prices across australia rose 6. 8 in the year to december in sydney the growth was a staggering 12. 2. But in perth it was just 1. 2 and trending down. Theyre seeing a boom in sydney and probably a downturn in perth. They are reacting on the down side in perth. Interesting thing is that we probably needed straight drops in perth which is what were getting probably in sydney as the Interest Rate rises. Australias most isolated city changes quickly and more dramatically. Perth is at the front here in front of a mining boom not seen in australia since the 1850s gold rush. At its peak real estate sored but the prices have fallen. New mines are not being built and real estate is now a tough sell. Hay street in downtown perth was once the home of many western australias small cap mining companies. Today they announced a doubling of the deficit as tax revenues decline. The 2016 budget has been declared. The last echos of the resources boom in perth can still be heard where a gleaming new 800 million stadium. The big earning big spending days are almost done as the boom fades into something unfamiliar, maybe its called normality. Paul allen, bloomberg, perth, western australia. Rishaad australianer quities doing well today. As business gets urn the way. Trade data which is not a very positive morning session. The stop stories this hour. Greece says its creditors must compromise. It does not have the money to pay other creditors next week. However the Prime Minister said greece will honor its commitment. Australian gold and nickel producer Independence Group has agreed to pay syrius resources for 4 billion. It will give control of us a trailees second undeveloped nickel. Independence stock is down more than 10 . Japans trade balance went back into deficit in april but not as badly as forecast. Expors to asia and the United States surge. It was a 40 million deficit. In march, japan registered its first trade surplus since 2012. April expors rose more than analyst forecast. But japan still has some way to go. The way japan is falling short is really the Inflation Numbers. Its up by 2 . But at this juncture the coin Inflation Numbers rung at about 0. 2 . If you exclude the sales tax hike impact. Japan is falling short. You can see that down the road because of the debt. The o. J. K. Can see it a bit further. But japan is one of the markets in the global arena. Rishaad he thinks their turnaround strategy is paying off. We do believe that japan is starting to show signs of life. They are feeling deflation but growth is definitely picking up. We do believe theres an upside in the japanese market probably relative to another market. When you look at the japanese bonds theres an interesting statistic that they are trading it in the lowest level of japanese government bons in the last 20 years. By japan . By japan. Theres no end in sie sight in easing if the jerram bounce in inflation. You expect to see wages rising. You expect to see wages rising over the next 12 to six months. Thats the core of their strategy. But you will get close to the inflation target within a year, year and a half and they wont need to do any policy easing. And that was the word on japan from asia. Hello, lets go to some markets. Send it over to yvonne. Japaneseer quities leading the way this monday morning. Lets talk about some the marks. Yamada up close to 2 . After the any kay ing that theyre going to after the any kay reporting that theyre going to cut down most of these stores. The Power Company regulators of Proven Construction plant of the sendai two reactors. Eisai, the Pharmaceutical Company their drug back by the e. M. A. Its a drug for adolescent especial lep epilepsy. The nick ay coming back from that lunch break. Were continuing that seventh straight day of gains here. Up in the 20,000 market as we try to hit that number. Er quity is up. 7 . Were seeing shares climb. For today the weaker yen. Talk about the reaction of yellin is set on Court Despite the weak that we saw in the First Quarter. But we saw the Inflation Numbers being up in estimates in the u. S. The weaker yen could be helping the japaneseer quities at 14 402 right now. Lets go back right now. Reporting says that theyre going to start the production of the a9 chips according to resources telling reports and apple set to increase the 59chips. According to reports may give all orders of next generation processes the a10. Air china up about 1 . Pacific insurance, some news on friday after trading here saying that the vice chairman has quit and left the board. His name is yan schenn hai. He was quitting due to other business commitments. Shares up 2 right now. Rishaad the chairman of hanergy. Made a bet against his economy. This happened on monday. 47 decline took place on wednesday the. Last month he bought 24. 6 million on hanergy. The shares issued from 5. 18 . A few days later the stock falls. So far many questions right now. But also on monday last week many rishaad