at nomura securities say corporate bonds from january to july reached $59 billion. that's about $15 billion more from the same period last year. but the negative rate policy is starting to hurt the profitability of commercial banks. boj officials say they will review the benefits and side effects of their monetary measures. including the negative rate at their upcoming meeting in september. >>> japanese leaders are keen to expand their foothold in one of the world's last economic frontiers. they'll use a conference to pledge aid for s several major prprojects across africa. prime minister shinzo abe will attend the sixth tokyo conferenence on african development. he'll meet with leaders in the two-day meeting in nairobi. the conference begins on august 27th. delegates will discuss ways to boost trade and investment. they'll also talk about counterterrorism measures. it's the first time the ticad summit will be held outside japan. government officials in tokyo are mindful of china's growing influence in africa largely achieved through big development projects. they're hoping to count
stress test in europe. shares of nomura holdings fell 6%. sumitomo fell more than 4%. casio computer hit the lowest level in two years. the maker of electronics reported a decline in profits and sales for the first quarter. also crude oil has fallen to nearly four-month lows. inpex fell 0.3%. investors were left unimpressed. traders are now looking to the bank of england which holds its policy meeting on thursday. i'm giang nguyen reporting from the tokyo stock exchange. >>> moving on to other markets, the shanghai composite up to finish at 2,978. some investors were encouraged to buy as an economic planning agency advised further monetary easing. the benchmark in thailand up by 0.7% finishing at 1,507. hong kong's hang seng index dropping by almost 1.8%. all sectors in the negative one day after a typhoon forced the market to close. >>> it's school holiday time in japan. and for some kids that's an opportunity to learn more about what makes the ecomy tick from banking to shipping. school holiday groups visited the bank of japan for a special seminar about money and the central bank'
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