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 arent feeling confident in purchasing and buying things there. How do they balance this . They balance this . Indeed, thats the they balance this . Indeed, thats the milliondollar i thats the Million Dollar question right now. Weve 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
Both domestically in getting chinas economy on track as well as internationally as the country tries to navigate a tense geopolitical environment. We are also going to see and he is back with us here on a show business report. Thank you for coming back again for us as we continue to track the story as the World Leaders gather there. We are still waiting for xi jinping to speak but in your expectation and estimation what are you seeing will be a thrust of the speech there. This are you seeing will be a thrust of the speech there. Of the speech there. This is a time of stocktaking of the speech there. This is a time of stocktaking on of the speech there. This is a time of stocktaking on both| time of stock taking on both side. Chinas reassessment of the initiative and countries on the initiative and countries on the Receiving End are getting a little concerned about the strings that seem to come attached with it in the form of the slightly odorous terms of some of the debt and the fact t
By an israeli airstrike. The Israeli Military has denied responsibility, saying the blast was caused by a failed rocket launched by the gaza based Militant Group Palestinian Islamic jihad. Us President Joe Biden is currently travelling to israel, but a planned Summit Injordan with arab leaders has now been cancelled. Biden s visit is designed to further demonstrate americas support for israel. The white house is saying the us is optimistic about getting humanitarian aid into gaza. On our website we have a live page that is constantly updating with the latest developments but now lets focus on the top Business Stories. Here in europe in a few hours we will be getting a clearer picture on where inflation is headed. For the uk and eurozone the latest data is out today and its hoped the cost of living crisis will continue to ease. In the uk the rate of inflation slowed to 6. 7 in the year to august. For the eurozone the latest estimate has inflation hovering around 4. 3 . For Central Banks
Chinas economy on track as well as internationally as a country tries to navigate a rather tense geopolitical environment. Ive been speaking to and economy of cornell university. He told me how the belt and Road Initiative had achieved mixed results for china. ,. , china. The belt and Road Initiative china. The belt and Road Initiative was china. The belt and Road Initiative was chinas china. The belt and Road Initiative was chinas attempt to use its economic muscle in order to gain both geopolitical and economic inroads and at the same time broaden its economic breach by providing opportunities for other countries and their transport and other infrastructure nets that try to link china with other countries. Some of these have not paid off very well, evenin have not paid off very well, even in times of economic terms or geopolitical terms. China is getting pushback from countries that feel they have incurred debts to china that will be very difficult to pay off. I think this is an atte