Beijing. Beijing won the bid. The city was competing with kazakhstan. Beijing plans to make use of several existing cities. City Officials Say that will help keep cost down. Its a factor that impressed ioc members. Ioc also recognizes the value of Financial Support from the government of china, the worlds second largest economy. In the final presentation, chinese officials underscored the nations ability and promised a successful event. Translator we pledge our full guarantees for the games, financial Legal Security organizational and operational areas. Sport is a noble cause that has the opportunity to change lives and transform the world. Buttism oc officials also point out the challenges beijing faces, potentially unsuitable weather conditions and pollution. Chinese officials are showing confidence to host the Winter Olympics on the back of the successful 2008 summer games. Lets go live to our reporter in beijing. Takafumi, whats the reaction there to the games coming back . Reporte
Business outside japan. They say lower fuel prices helped air and land transportation companies. Retailers showed a recovery they suffered last year after a heightened consumption tax. Now their pretax profits are up 37 . Precision equipment manufacturers saw earnings surge by nearly 40 . Electronics firms saw an increase of about 20 . Machine manufacturers did not do so well. Their profits fell 6 , because of a slump in sales of Construction Machinery in china. Experts are divided over the outlook for japans economy. Translator Capital Investment will rise, as Business Sentiment is improving. Japans gdp will recover in the quarter from july to september. Translator the chinese economy could deteriorate. Japanese consumers could continue cutting down on their spending. If scenarios like these become reality, japan could go into recession. Ministers from 12 nations are holding a final day of talks for the Transpacific Partnership free trade pact. Their meeting in hawaii trying to reach
Firms who do much of their business outside japan. They say lower fuel prices helped air and land transportation companies. Retailers showed a recovery they suffered last year after a heightened consumption tax. Now their pretax profits are up 37 . Precision equipment manufacturers saw earnings surge by nearly 40 . Electronics firms saw an increase of about 20 . Machine manufacturers did not do so well. Their profits fell 6 because of a slump in sales of Construction Machinery in china. Experts are divided over the outlook for japans economy. Translator Capital Investment will rise as Business Sentiment is improving. Japans gdp will recover in the quarter from july to september. Translator the chinese economy could deteriorate. Japanese consumers could continue cutting down on their spending. If scenarios like these become reality, japan could go into recession. Ministers from 12 nations are holding a final day of talks for the Transpacific Partnership free trade pact. Their meeting in
Lawyers acting as prosecutors Tuesday appealed to the Supreme Court against an acquittal for three former executives of Tokyo Electric Power Company Holdings Inc (TEPCO) who were accused of failing to prevent the 2011 disaster at the Fukushima Daiichi nuclear plant.