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And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru ....
questions about the integrity of americans banks. she says americans are not on the hook for paying back the depositors. john: critics call it a bailout, the biden administration refuses to call it that. and why some think we are headed for a banking tsunami caused by woke obsessed bankers. sandra: but first, it s going to be a breaking news two hours ahead, waiting two separate briefings from the white house and the pentagon how the u.s. will handle russia. all this after dramatic new video showing moments a russian war plane downed a u.s. drone over international air space. hello, welcome, sandra smith in new york. john: happy friday eve to you. america reports. in the 42-second video clip, you can see the plane dumping fuel on the reaper drone before colliding with its propeller over the black sea, russian ships are at the crash site trying to obtain debris, the u.s. does not have any ships in the area. sandra: not only are we there, we are told they rushe ....
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Security for the u.s. banking industry. that s obviously helping boost markets at this hour. we are watching that, and we were joined earlier with this reaction calling it favorable market reaction, including for what was a badly hit first republic to media reports some financial institutions are considering a substantial deposit in that bank. sounds like an industry effort to establish a fire door lowering risk details where key. so we ll be watching these developments as they go through the trading day, dow up 318. john. john: good to see the industry is taking care of its own. minutes away from the white house press briefing, press secretary karine jean-pierre, america s top banking official faced tough questions this morning. chad pergram is live at the capital, so chad, they insist the taxpayers are not going to ....