japan/u.s. relationship requires that an ambassador go to japan and the japanese understand this is somebody who is very close to the president. they really want to see an ambassador who has a direct line to the president, and you do. and i believe that's the reason you have been chosen. i appreciate you sharing at length about mr. mcdonald, because what a tragedy. i was a mayor, and every day in the cities, beautiful things happen and tragic things happen. and that's the case in any city, and you can't be a mayor, especially of a city like chicago, without picking up some scar tissue on the way. but your description of what you learned along the way, the levels of distrust that some in communities feel toward people in power, toward politicians, toward police, i had to learn and then relearn those lessons often in my time as the mayor of a majority african-american city. and i'm sure since chicago is a much bigger city that richmond, virginia, that those lessons were challenging and painful for

babs to japan. it's a position i hold very dear to my heart having served as our most recent ambassador. and representing one own's country is one of the greatest honors in the world. it really brings home the importance of the exceptional nation the united states is and it's an exceptional honor being bestowed on those of you that will serve as ambassador and an incredible honor that my family and i cherish. today i'm here as a member of the committee that over saw my nomination. i'm over here in a different seat to introduced the nominee to be our next ambassador to japan. while our political backgrounds couldn't be more different, i'm sure there are many issues upon which we strongly disagree. but through recent discussions, it's become clear that mayor emmanuel showed my unwavering conviction that it's the corner stone of the peace and prosperity of the entire indo-pacific region and it's become more dangerous day by day and that makes the appointment all the more important for the united states

japan commits to double _ leaders summit. japan commits to double its— leaders summit. japan commits to double its assistance for adaptation from previous levels. japan will deliver— from previous levels. japan will deliver its — from previous levels. japan will deliver its commitment. with these, we can— deliver its commitment. with these, we can make a brave new start and -et we can make a brave new start and get our— we can make a brave new start and get our long—standing homework done. this is— get our long—standing homework done. this is a _ get our long—standing homework done. this is a time _ get our long—standing homework done. this is a time to unite together by adopting — this is a time to unite together by adopting the text. thank you very much _ much. applause. thank you,japan, thank you, japan, for your intervention. i now give the floor to iceland. iceland, you have the floor. . ~' , ., ~ , floor. thank you, mr president. while i might— floor. thank you, mr president. while i might be _ floor. thank you, mr president. while i might be

in japan is the step problem . and this is where i think politicians have to start talking about, you know, putting some discipline into the system. is that it just about control pulling the data and putting the discipline into the system. or is it time to tackle other difficult subjects? if for example, immigration, immigration is definitely, well them sd, jeez, another, we've got loads of things which and make the transformational changes. and i think japan has to move to the step unfortunately. um, the great thing about, you know, mr. kachimba and his follower is that, you know, the transition of a se management will be smooth because he's very, he said a very, very long experience with the bureaucrats and within the party, it's got very good ties, et cetera. but the flip side of that is if and when you want to make radical changes, you'll be faced with severe opposition from exact the people who have been sporting you can me have the guts and goals. so, you know, can you afford to basically sacrifice, you know,

and japan may tap into oil reserves this week. japan is coming online now. look at the nikkei. this is after we saw gains. most sectors are in the right now. consumer discretionary, institutional's leading the decline. a taper by utility and materials is seeing a little upside as we are under a little pressure. the japanese yen is holding at the 114 level after it fell all of last week against the u.s. dollar. we are expecting more details about the prime minister's record fiscal package. we are seeing coffee gaining fourth. we are getting early traded numbers for the first 20 days of this month. when it comes to export figures, up 26.6%, a slight easing. when it comes to the important numbers year on year, 4.19%. this as -- 41.9% gains. this as we have seen a supply disruptions continuing to really boost exports. not to mention, how the base effects may have really pressured those numbers as well. all in all, we are seeing double digits. exports to china rising 24%. exports to the u.s. rising 8.9%. a strong 32% gain year on year. haidi: we talked about the impact when it comes

is expanding to japan. the chip maker will build a plant there with the help of sony and governments are trying to boost manufacturing capabilities and shifting to china where inflation numbers. october factory numbers and are rising at the fastest price and amid the commodity boom. and a spike will impact businesses and battling weak demand. president biden spoke with the c.e.o.'s of companies critical. wal-mart, fed ex and target that store shelves will be stocked for the holiday season. ongoing supply chain disruptions and higher food and energy prices may have contributed to the highest inflation since december of 1990. october data and the headline figure is forecast to have jumped. and bloomberg terminal users can read about those stories on n.i. trade ml. >> china's consumer price numbers. our next guest says could be difficult verging from the u.s. federal reserve given a larger outlook. let's discuss with betty. betty, always great having you with us. what are your expectations and when can we expe

vonnie: japan's retail sales increased, beating economist forecasts. the numbers add to signs that households are resuming spending after authorities lifted the extended state of emergency. japan needs household spending to support the recovery as a global supply chain restrictions sunk momentum. mohamed el-erian is urging the fed to acknowledge that inflation isn't transitory. he also told fox news on sunday that it is time for a change in policy and a new president in charge at the central bank might have found it easier to change course. el-erian has repeatedly said that the fed is underestimating inflation risks. the women's tennis association says it remains deeply concerned about the well-being of chinese tennis star peng shuai. according to a statement seen by cnn, the ceo is worried about her ability to communicate freely. concerns about her safety caused international outcry after she was not seeing publicly for some time following a post that accused the former chinese vice premier of sexual harassment. global news, 24 hours a day, on air and

helping to promote japan town. of course, before the pandemic hit we were fort natural to complete the sf japan town website which attracts many visitors so they can learn about types of businesses in japan town. we redid the streetlamp banners which we invited four community artists to participate. it became a street gallery of their work. we are proud of that. we are continuing to do holiday lighting in various holiday promotions. >> sorry to interrupt. to the chair to direct that was the 10 minutes. >> okay. >> if you need a minute or two to wrap up, go ahead. >> of course, pandemic we were the boots on the ground to help small businesses. i have to thank my staff for all of their hard work. we launched a resiliency fund that raised close to half a million dollars and provided 5,000 grants to 80 businesses. that is it. thank you everyone. huge thanks to chris for always guiding us and to our district supervisor dean preston for his support in everything that we do, too. >> thank you. i just do want to thank you

when the wonderful things about early modern japan as it had most expensive archivess of any society on this 800 face of the earth so personally documents waiting to be discovered either in public archives are people's attics and there are probably hundreds of other 1040s but there's so much material the people have not even gone through it all get an adult think that she was unique because in the process of research account of the women it who had been divorced three and four times and so she and her family found her unknowing and rebellious they were always complaining about her but they didn't find it impossible that she would be so she was kind of at the edge of what we would consider normal ordinary behavior. her sister though, who deborah just product was also a rebel in her own way and her sister had a much more conventional marriage and she married another temple priest and she stayed married and did not get divorce but apparently she was very bad at being a priest wife even though that is how she was raising a family was always complaining about her she was night not nice to

i thank them for their hard work i_ japan. i thank them for their hard work i now— japan. i thank them for their hard work. i now invite the cmp to adopt the draught — work. i now invite the cmp to adopt the draught decision entitled guidance relating to the clean development mechanism contained in document— development mechanism contained in document fccc k p, cmp 2021 l six. hearing _ document fccc k p, cmp 2021 l six. hearing no — document fccc k p, cmp 2021 l six. hearing no objection is, is so decided _ we will return... i see that ukraine has asked — we will return... i see that ukraine has asked for the floor. you we will return. .. i see that ukraine has asked for the floor.— has asked for the floor. you have the floor- — has asked for the floor. you have the floor. thank _ has asked for the floor. you have the floor. thank you _ has asked for the floor. you have the floor. thank you very - has asked for the floor. you have the floor. thank you very much. l the floor. thank you very much. excellence is, mr president, i make the statement on the heart of

how does that apply to japan? and that's what china wants is to kind of, instead of fighting everybody, take down a few of these days and then the message goes around and sometime it's going to be under a microscope and the americans are going to let it go. and that's the possibility. and there was a cutting remark about the thais, you know, fairly or not, he said they bend before the wind blows, but it's an expression to pretty much every country. they'll see where the wind is going, if they think they will be left out to dry they'll cut a deal. >> so as the united states puts its strategies together to deter that kind of attack, deterrents of which i'm not a scholar divide itself too into two thoughts, deterrents by punishment than had an adversary can withstand and turn to denial, denying the objectives as the enemy and your book, especially with its title, the strategy of denial seems to come down fairly strongly in favor of a strategy of denial. can you talk about that? >> denial is better if you can get away

he's from al jazeera, a better than expected results for japan's prime minister. for me. ok, shape is party is retained to the majority and sundays parliamentary election and emotional reunions at sidney airport. is australia reopens it's international borders for the 1st time? during the pandemic? ah! act now on climate change or pay a much higher price later. that is the one from italy's prime minister as g 20 summit wrapped up and run late is agreed to keep global warming at 1.5 degrees celsius. but they weren't able to commit to exactly how to achieve. net 0 carbon emissions by the year 2050. with the you in climate conference now underway in glasgow. environmentalists had hoped for a big breakthrough, supporters from adam rainy on the final day of the g 20 summit, leaders from the world's biggest economies visit one of rooms, most famous tourist sites. trevi fountain, its beauty was one. they all could agree on more difficult, was hammering out a concrete plan to tackle the climate crisis. the final communique, characterized by compromise and vague language stated th

shery: we talked about japan. where else do you see yourself growing in asia, given you have already said you want to double your asia-pacific team of the next five years? marc: every market in asia is in its own state. australia is a different set of opportunity. as is china, as is the philippines, as is hong kong. the primary attractiveness as i see it is for us to enter through our hybrid business, i partner with equity and nonequity capital and through retirement services and yield. as of the population ages and people are looking for retirement income, that is where we play a primary role. initially, we are doing it with -- as partners with other insurers. we will also build a significant global wealth business that investors can access our products and services directly. shery: that is what i wanted to ask in term of the long-term goal in the long game as to what apollo looks like. in your investment presentation you made a lot of waves as to existentially what you guys look like five or 10 years from now. i

and then for taiwan and japan and it is that window of opportunity. but it is an island it is tough with that operation and then if the chinese failed that is catastrophic and then the regional say they are dangerous they are willing to use force and that is the worst outcome from a country like china and safely resistant so we can do the siding. >> . s >> in the south china sea wasn't the case that china had failed complete and also this sort of thing so international arbitration with the philippines that had won a casebo against china with intrusions that china did not care and did what they wanted to do anyway which implied that they can do these things to achieve their objectives but then related to that and then focusing too narrowly on china with the military approach if it's not power projection and then the garden reserve sort of thing. is it really about war? are you to focus militarily speaking on china? and then robert gates saying that we never got our forecasting or predictions right. >> without the respect to secretary gates in a fellows

we're also seeing downside when it comes to trading in japan. some of those are carmakers, really the biggest decliner is that we see her ein australia -- here in australia. at the moment in new zealand, we're seeing downside of .7%, this as we continue to monitor the impacts of the omicron variant, not just across public health systems, but also travel settings, as well as covid settings, and how we see the market really bouncing back to some extent from the volatility and the selloff across last friday. this is how we see the slit when it comes to the best and worst performance, as well. we did hear from the finance ministry saying they are keeping an eye on the fluctuations in markets and they will step in if they see enormous amounts of volatility. lots more to come on daybreak asia. this is bloomberg. ♪ vonnie: this is daybreak asia. i'm vonnie quinn. bloomberg opinion columnist is urging the fed to acknowledge that inflation is not transitory. he also told fox news sunday it's time for a change in policy and a new person in charge at the

and china and japan tapped oil reserves. yvonne: when it comes to data, it will be a pretty big week next week when it comes to china pmi. further indications what things will look like, given what we have in seeing, if it's the property picture dragging things down, the consumption story as well. u.s. jobs also front and center, given what bond market volatility has looked like. and are we starting to see some normalization in the labor market as well? also, paytm, those earnings coming out in the next couple of days or so. i think it is over the weekend, after that disappointing debut we saw in india. let's move on. germany's bundesbank has warned the low rate of this is failures during the -- business failures during the pandemic should not be seen as a guide for future risk. >> we have made it clear in all our forecasts that there's a strong temporary component. nobody knows how long that will be and what is the long-term. certainly there's higher upside risks, and that is something that monetary policy has to take care

helping to promote japan town. of course, before the pandemic hit we were fort natural to complete the sf japan town website which attracts many visitors so they can learn about types of businesses in japan town. we redid the streetlamp banners which we invited four community artists to participate. it became a street gallery of their work. we are proud of that. we are continuing to do holiday lighting in various holiday promotions. >> sorry to interrupt. to the chair to direct that was the 10 minutes. >> okay. >> if you need a minute or two to wrap up, go ahead. >> of course, pandemic we were the boots on the ground to help small businesses. i have to thank my staff for all of their hard work. we launched a resiliency fund that raised close to half a million dollars and provided 5,000 grants to 80 businesses. that is it. thank you everyone. huge thanks to chris for always guiding us and to our district supervisor dean preston for his support in everything that we do, too. >> thank you. i just do want to thank you

>> we're still selling that put and buying the call on the japan etf. >> mike? >> i like target going into earnings but i also like hedging given that the qqq is up 26% year to date. >> that does it for us see you back here next friday at 5:30 meantime, don't go anywhere. "mad money" with jim cramer starts right now >> announcer: this is a paid advertisement for csn. >> you know, many times, i've been out here with a new coin release, and i have asked for a drum roll. and in all honesty, in the past, it's really just been nothing but hyperbole. but this time, i really would like a drum roll. i don't think i'm gonna get one, but i really think i should have one. this is, i think, the singular most important numismatic event certainly of the last quarter century, perhaps in my entire professional career, in terms of interest, in terms of

sherry: japan and south korea are coming on the line. we have the nikkei gaining more than 1% at the moment. almost every sector is in the green. utilities, consumer discretionary stocks leading those gains. the communication sector is under pressure. the japanese ian rallied before japan went away for the holidays that stayed rangebound around 113, 114 level. we have the fomc decision. they are staying accommodative so that would play into the markets. we have been watching the yields very closely, because we had that huge rally when it came to global benchmark yields at that shorthand. we will continue to watch jgbs today. every sector is in the green. tech, materials, industrials leading gains. we have the korean won under pressure, falling to a two-week low. against the u.s. dollar. seeing a rebound, investors have turned cautious ahead of the fomc. now that is done with, we will see how investors continue to watch them markets. and more global central bank rules, haidi. haidi: yes, take a look at one hour of trading and how that has

it will be heavy at times it will sweep into japan pretty quickly. i'm pleased to say dry, clear weather comes in behind for a time. then we got this backwash of cold air which will bring some see effect snow into western parts of japan for the 2nd half of the week. but bright skies coming back in behind. further south, heavy showers remain in place across northern parts of the philippines. im heavy, damp horse still there on the northeast, the monsoon will southern areas of vietnam and also into tide. and in this system, grassy makes his way out into the abdomen c that will cause some very heavy right across the region here, over the next few days, the scattering of showers across southeast asia. some heavy rain is coming back into smarter and western parts of java sees a very heavy rain recently across southern areas of india. main area of disturbance now pushing out into the arabian sea. and that will spread our wet weather right up the western gas as we go on through the next couple of days. but look further east into the back ben goal. here come

james: our approach on japan has been more on the corporate reforms continuing. we are actually seeing that accelerating. we are actually witnessing some of the hostile takeovers, bits that haven't really happened in japan for a long time. and so that is a very positive move. we are also positive on kishida's stimulus plans. so we remain positive on japan. paula: your thoughts on the news out of china today. the ministry of industry telling tencent to stop creating new apps, stop updating its existing ones. is it too soon to be investing in chinese tech again, for you? james: to be clear, we have been pretty cautious on china for a long time. before everything happened this year, we have been staying cautious exactly because of the regulatory risk. i think right now, it is time that we have to look at some interesting opportunities. our main focus has been the alignment of interests. we are trying to align with the chinese government. so any business or sector that aligns with the interest of the chinese government will be an area of focus to look at. paula: coul

the government of japan is a series of social reform. not only were they going to strengthen the government and the taxation but they were going to kind of improve the moral character of the people. so what they did is interfere in daily life on a micromanaging level so they managed the price of tofu and how big the block would be. we can sell large plant we should only cell small plants. even children's toys started to be regulated. all of these kind of micromanaging social reforms killed of the economic life of the city that is based on consumption and all these things so the city experienced its own economic and social crisis in which women who went out on the street wearing outfits that were not modest enough were actually attacked and tied up and sometimes hauled off to prison so she lived through the famine in the countryside and the social panic in the city and has a lot of trouble finding work and then ultimately has to leave but i think it was interesting to spend all this time talking about the social life of cities and many of

the rising -- nadine explains why an under the radar trade could lead to bill gains in a company from japan. >>> and even with so many other things in the garden to get excited about -- it's time to risk less to make more "options action" starts now. >> let's get right to it earnings season is coming to a close. with the latest reading on consumer sentiment, an inflation supply chain persisting, do any of the names stand out carter, one does, what is it >> target. it is the end of earnings season it has been an exceptional period for the s&p, up 40% of the reporting companies this week, half are big companies the first is target. sells off the line, bounces twice. next chart, same type frame but no moving average. just the plane chart taking that, let's draw some lines. next chart is a virile well-defined cup in handle formation which means it sold off and has recovered back to the level it sold off. next chart we know that the peak on august 11 was 267 the stock drops 16% and is back at that level. it is well documented. you get right to thehigh today we reapproached the high on heavy volu

helping to promote japan town. of course, before the pandemic hit we were fort natural to complete the sf japan town website which attracts many visitors so they can learn about types of businesses in japan town. we redid the streetlamp banners which we invited four community artists to participate. it became a street gallery of their work. we are proud of that. we are continuing to do holiday lighting in various holiday promotions. >> sorry to interrupt. to the chair to direct that was the 10 minutes. >> okay. >> if you need a minute or two to wrap up, go ahead. >> of course, pandemic we were the boots on the ground to help small businesses. i have to thank my staff for all of their hard work. we launched a resiliency fund that raised close to half a million dollars and provided 5,000 grants to 80 businesses. that is it. thank you everyone. huge thanks to chris for always guiding us and to our district supervisor dean preston for his support in everything that we do, too. >> thank you. i just do want to thank you

and japan's ruling coalition is expected to hold onto the majority and parliamentary elections. but preliminary results suggest it could lead some seats. ah, that's now on climate change or pay a much higher price later. that's the warning from italy's prime minister as the g 20. so it wraps up in rome. leaders agreed to keep global warming at 1.5 degrees celsius, but made no firm commitment on how to achieve. net a 0 carbon emissions by 2050. with the you and carmen conference now underway in glasgow. environmentalists had hoped for big breakthrough adam rainy ruffles on the final day of the g. 20 summit. leaders from the world's biggest economies visit one of rooms, most famous tourist sites. trevi fountain, its beauty was one. they all could agree on more difficult, was hammering out a concrete plan to tackle the climate crisis. the final communique, characterized by compromise and vague language stated that member countries are committed to reaching net 0 emissions or carbon neutrality by or around mid century . they did agree to stop funding the building of coal plants and

the outlier is the bank of japan governor saying he is quite sure japan's economy would overcome any impact from covid-19, keep growing. he said this hours after the news emerged. clearly he is downplaying the risk of the omicron variant, partly because he doesn't have to worry about inflation perhaps and has other concerns now. rishaad: kathleen hays, thank you. let's get to the numbers. moderna saying a new vaccine to fight this strain could be ready by early 2022. the ceo spoke with bloomberg about the outlook on the new variant. >> i definitely think with this threat, it is something we have not seen before. the number of variations, mutations on the virus are surprising. they are not theoretically impossible but extremely rare, so we have to take it for the serious threat it poses. we have a lot better weapons to fight back against it then we did 18 months ago, but i think we should always be worried when we are under attack, it is what we do about it that matters. >> what should we do about it and what will moderna do about it? will this strain elude the current vaccine and wha

where an under the raid ar economic indicator could lead to waning trade around japan. finally -- maintaining your hedges it's time to wris being less to make more. options apgs starts right now. >> inflation and supply issues persisting, do any retail names stand out? carter worth believes so what is it >> that's right. we're going to look at target. it is the end of earnings season we know it's been an exceptional period, earnings growth for the s&p 500 are up 40% this is an incredible thing. revenues up 18 and of the 15 stocks that report this week half are big retailers. o taking that plain chart, let's draw line. next chart what we have, of course, is a fairly well defind cup haend will formation target sold off some 16% and then has recovered back to we see the peak, the stock drops down 16.5% and recovered right back to that level this is well documented. you get right to the high. then before breaking out, you back away. and then today we reapproach the high on heavy volume and good set of going into earnings next chart this is a wedge chart. they resolve dramat

how does that apply to japan and the philippines? that's with china want is a kind of like instead of fighting everybody basically taken a few of these guys and the message goes around look, sometimes you're going to be put under the hot microscope and it will go poorly for you. the americans will talk a big game but magical. it's better to cut a deal. that's a very real possibility. at cutting remark about the ties fairly or not but he said they bend before the wind blows. it's an expression that applies to almost pre-much every country, which is they will see where the wind is going and if they think they're going to be left out to dry a will cut a deal. >> so, as the united states puts its strategies together to determine that kind of attack, deterrence theory, which i'm not a scholar, canada divides itself into these thoughts about deterrence by punishment, applying as more punishment than it at you can withstand and get them to deter, and then deterrence by denial. denying an objective, , the objectives of the enemy. your book e

talking about the release of japan and the u.s.. japan mulling that relief but nothing decided yet. here's the official line. this is what is happening. the very bottom of the worst performing sector group this monday morning. we are down -- coming up close. this is bloomberg. ♪ >> all companies, individuals and -- the most obvious example countries need to look at. rishaad: it is 9:29 in the evening on wall street. msci asia-pacific. about 1/10 of 1% down currently. energy companies leading the downdraft. three sectors moving to the upside. david: we are looking at property, which might add to some of the sectors, putting a floor underneath it. we are getting news in china that one of the property developers and if you remember last week, news over china allowing this financing option for property developers based on the report, it has been approved for the company. 800 million yuan. if it does continue to be the story narrative, this would be seen as positive. the stock down 3%. let's flip the board so we can have a look at the broader property space. in has been about a rally o

japan in the u.s. may reportedly make a joint announcement on the release of oil reserves this week. the japanese government is considering tapping part of its excess reserves. a move that the biden administrator is also weig hing. to tackle high oil prices. a nationwide buyers lockdown in australia goes into effect -- in austria goes into effect on monday. tens of thousands rallied peacefully in vienna on saturday is the government announced that all adults must be vaccinated by february. on sunday, belgians released a water cannon to disperse thousands of protesters. dutch police arrested dozens after clashes there. -- has raised its forecast for the year and next year on the back of a tourism revival. the economy is set to expand his much as 1.2% this year, exceeding an earlier forecast of 1%. it could hit 4% pure thailand reopening to vaccinated visitors. more than half is fully inactivated. -- innoculated. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journ

paul: let's stick with japan. third-quarter gdp data expected to show a fifth contraction in two years. the prime minister puts the finishing touches on a stimulus plan intended to boost the recovery. what can we expect from the print coming up later on? >> third-quarter gdp is it looking to great for gdp -- for japan. it is largely a result of a search in covid cases. there is also a slowdown in trade thanks to supply chain constraints. pre-pandemic, this was supposed to be a crowning glory quarter in japan. yvonne: what is the data going to mean for the prime minister and his stimulus package? >> it probably means more excuse to spend to shore up the economy. he has already confirmed that he will have handouts to children. economist expect a package. they will need that spending if japan is going to catch up with other economies. we will have to see the details of the package when it comes out later next week. yvonne: thank you. let's do a quick check of business flash headlines. alibaba singles' day posting rec

we have breaking news out of japan. shery: we are getting the current account surplus right now coming in at 1.033 trillion yen. this would be the trade surplus narrowing from the previous month. we're talking about the adjusted number also coming in at 762.7 billion yen, which is a narrowing surplus than in the previous months. this of course as we are sued in the numbers reflecting a widening trade deficit, a weaker yen and higher commodity prices. also being felt across the board. so the current account surplus again narrowing to 1.033 trillion yen. haidi, this of course following the japan labor cash earnings as well, rising less than expected. we're watching all those data points coming out of japan. haidi: we are also watching hertz, just announcing it is pricing its upsize offering of stock by selling certain stockholders of hertz at a price of $29 u.s. a share. they are expected to have an aggregate purchase price of $300 million at the price at that offering. hertz, the rental company that managed to exit bankr

anchor: 10 years after the fukushima disaster, new care power is making a comeback in japan. during t climate summit, the prime minister committed to net zero greenhouse gas emissions by 2050, with nuclear playing a key role. japan closed all its reactors in the wake of the fukushima meltdown this year, it has restarted five of 33 that are operational, and governments in says it reduce its independence on fossil fuels, and the target and summaries of the public disagree. this report from our reporters. >> what do we want? >> climate justice. >> when do we wanted? >> now. reporter: the fukushima generation demanding action on the claimant emergency. >> [speaking in foreign language] reporter: the protesters are calling for the shutdown of all -- plants, just as theer balance government wants them to be restarted. >> [speaking in foreign language] translator: -- [speaking in foreign language] >> [speaking in foreign language] reporter: june, july, japan has restarted severareactors over the past 12 months, and three more are under construction. during his first appearance as pr

in japan, the nikkei is reporting that the government will ease entry restrictions for short business trips but the policy change does not apply to tourists. sony has emerged as a standout winner in japan's earnings season so far with shares reaching a 21 year high monday after it raised full year operating income forecast. softbank is considering a sale of fortress investment group. the asset it acquired four years ago for $3 billion,haidi. haidi: let's get more details on that. our asia technology reporter choices. what is the latest that we know? >> morning. we know the bare sketch of these intentions, the fact that softbank considered a sale of fortress is very intriguing. as negotiations -- still at an early stage but it does fit in the broader patter of transformation of softbank from the big operating company in technology investors who pretty much are private equity funds/venture capital funds. they have sold off a lot of the operating units, including sprint, their domestic operations in japan as well as no -- now in chinese media. it does make sense that fortress will be nex

inside japan, it is generally welcomed by the public. japan is not taking any chances here with its current prime minister, fumio kishida, saying this is an emergency precaution to prevent, in his words, a worst-case scenario. listen to this from the prime minister. >> translator: we will ban all new entries of foreign nationals from all over the world as of november 30th. >> prime minister kishida wants to avoid the sort of political fallout and criticism that brought about the fall and the resignation of his predecessor in september. the former prime minister of japan, suda, he was roundly criticized for his slow response in his handling of the delta variant, and the current prime minister of japan, prime minister kishida, he will hold an emergency meeting on this latest variant, omicron, with his ministers, that meeting to take place shortly. kate? >> thank you so much. appreciate it. >>> president biden is vowing that shutdowns like we saw at the beginning of the pandemic are off the table for now. and he's defending his travel ban o

and abroad israel and japan announcing a ban on entry for all foreigners. and stocks in asia falling after the black friday selloff in the u.s. but futures pointing to a rebound this morning, up about 240, 250 nice move in the nasdaq. it's monday, november 29, 2021 "squawk box" begins right now.

but in japan gun violence is almost nonexistent. just to put that into perspective the number of annual deaths resulting from guns hasn't reached triple digits here in japan since the year 2000 with the number often in the single digits. and the reason for that according to gun control advocates is because firearm regulations are extremely restrictive under japan's 1958 firearm law. most guns are illegal in the country. rosemary? >> terrifying experience for those people on the train. blake, many thanks for joining us live from tokyo. >>> several people are injured after two trains collided sunday night in england. officers have been responding to the crash at the tunnel near salisbury station. police and rail investigators have declared it a major incident, but there are no critical injuries we know of and no one was killed. britain's transport secretary tweeted his thoughts to those affected and says an investigation is under way. >>> still to come, abortion rights groups have found an unexpected ally in their fight against texas'

reserves, and yes, china and japan appear to be moving forward. china said officially last week they are preparing a release, we don't know how big it will be or when they will make a release. japan has been a little more evasive, they have not publicly said they will make a release but there are local reports in japan saying the government is prepared to release the excess of the reserves. whatever excess the iea says they must have for emergencies, they are looking to release because legally they are able to do that they made comments last week with a set legally they might not be able to make releases based purely on bringing down the oil price, and south korea said they are considering it. while there will be some sort of coordinated release with the u.s. and other asian nations, it is not clear who will be going up. we know that president biden will be making some sort of statement on tuesday about lowering prices and helping consumers, but we are not sure who will be joining him in those comments and what form it will take. dani: ok, the coo

the execution that south korea and japan will also join in. how much of an effect will this have on price? a lot of that has to do with a plus -- with the opec+ response. tom: i would note that the 10 year real yield and portly goes through that benchmark of -1.00% to -0.99%. this is what the adults do on a bloomberg terminal. right now, turkish lira on a daily chart is up 3.2 standard deviations. the benchmark is four standard deviations come or you get in the crisis, and that is out at a 13.4x level. so we have quite a move to get to a calculated crisis of 13.48 lira to the dollar. lisa: although if you see such great depreciation of your currency, as a resident of that nation, at what point does sentiment start to act as a check on policy that isn't working to bring down inflation? tom: ben bernanke would say, as would milton friedman and anna schwartz, it is always, and every case, about the banking and financial system which is under stress. that is a good introduction to anastasia amoroso, for years covering eastern europe, and now with

japan and south korea are strategic allies. the u.s. is the most important partner in britain now freshly out of the you also seeks closer relationships with the united states. this is a symbolic joining for them. none of them will bring anywhere near as much oil to the market as the u.s. have done. this shows it is largely a domestic effort to reduce pump prices in the u.s. rather than globally. >> you mentioned before the international energy authority. and its position. if either staying correctly, it has a rule that says countries cannot release strategic oil reserves for anything other than crisis situations. the rules also say the iea cannot get involved if it might affect market prices. it begs the question, what is the point of the iea in point like this? -- a situation like this? >> it is the agency of the oecd countries. they are the rules but america is the 500 pound gorilla in the room. the 500 pound gorilla may choose to do other things. the question is how do you define a crisis? for president biden, this was a crisis. he