♪ ♪ glad to have you with us on this edition of nhk newsline. it is tuesday, october 11th, 9 a.m. i'm catherine kobayashi in tokyo. taiwan's president has held out an olive branch to china. it's been nearly five months since beijing halted official communications with taipei. now they want to resume dialogue
for the sake of a stable trade. tsai spoke at an event to mark the founding of the republic of china. >> translator: mainland china should face up to the fact that the republic of china and the people of taiwan have deep faith in democratic principles. leaders on both sides should use their wisdom and flexibility to aim for a win-win relationship. >> tsai said her china policy is to maintain the status quo, noting that taiwan has been recently excluded from some international meetings, she asserted the island will not succumb to pressure from china. she added taiwan will not revert to the old path of conflict and confrontation. tsai avoided mentioning the one china principle. china's taiwan affairs office released a statement in response. it said the one china principle represents the reality of the mainland's relationship with taiwan and is the cornerstone of their peaceful development together. the statement appeared to be pressing tsai to embrace the principle if she wants to
restart dialogue. rescue teams are searching for survivors in eastern china where four residential buildings collapsed. they collapsed early monday morning, burying people under rubble. state-run china's central television reports six people are injured. the area is home to many migrant workers and aging buildings. those that collapsed were reportedly built in the 1970s. authorities are investigating the cause of the disaster. police in germany have arrested a terror suspect. these photos are reported to be the syrian refugee. he spent the weekend on the run and was caught on monday in
leipzig. he was at the home of another syrian who notifying police. he arrived in germany last year. >> translator: the accused is suspected of preparing a highly violent act against the state. federal prosecutors have taken the case because of the gravity of the situation. we will further investigate. >> police found explosives and detonating equipment in his apartment saturday in the eastern city in germany. the suspect had slipped away. police are trying to determine whether he had lips ver link -- links to the islamic state group. the terrorism plot is expected to increase concerns migrants and refugees could include people seeking out attacks. ♪
japan's fastest growing city is in the southwest of the country and it's trying to attract new business. one of its plants make it easier for foreign residents to start-up companies. nhk has the details. >> reporter: these two french entrepreneurs who see opportunity in this town. >> we don't feel like foreigners. we feel very well accepted. >> reporter: thanks to a new special visa, they were able to get the business idea off the ground. >> why not hire a local student to help with your one-time class. >> reporter: they started a social networking business. it connects local stuns who request -- students who can provide a service for potential clients. they are dog walking, moving apartments, to translation
services. the pair got the idea from their own experiences as exchange students at the university. they found job information for students was lacking. they now have 550 students and clients ready to start on the system. >> we got a lot of help because of the vista. >> reporter: officials want more foreign residents to start businesses, so she started -- they started issuing start up visas which is rare in japan. it gives the holder six months to meet the conditions of a regular business vista. mainly renting an office or hiring a staff or at least getting 5 million yen in the bank. it's not just an ordinary start up, but one that helps people
kick off their new business. anybody who wants advice on starting a business is welcome to come in. on weekdays, there are consultants, lawyers and english interpreters on hand. this man from russia wants information about paying taxes. >> it's very useful. it provides all the consultation services i really need, especially considering i'm in japan and rules in japan are quite complicated. >> translator: we expect foreign entrepreneurs to develop their business in their style. not in the traditional japanese way. i think it can help with the revitalization of our regional economy. >> reporter: fukokoa is japan's fastest growing city. there are 1.5 million people.
there were only 1,000 foreign residents registers. that number may grow. >> tropical coast lines, lush farmland, modern cities, kyushu in southwest japan has a unique history and traditions. today, it remains a key engine business hub but the region boasts one of japan's active volcanoes and is prone to natural disasters. discover the many faces of kyushu right here on nhk news line. the organization of the pet troll -- petroleum exporting companies outline a plan to ask for the cooperation of major oil producers out of their organization. now, russia is weighing in. we're joined now from our business desk. what's vladimir putin saying?
>> lower oil prices are having a consequence in russia and that's why vladimir putin, the russian president, has expressed readiness to help raise crude oil prices by joining opec's effort to effectively cut production. in a speech in turkey on monday, president putin says that freezing or reducing production is the only decision that would help maintain the stability of the global energy sector. >> translator: russia stands ready to join efforts to limit production and is calling on other oil ex-poerters to follow suit. >> oil revenues account for up to half of russia's annual income. low oil prices have been forcing moscow to cut its fiscal spending. analysts estimate that last month russia produced about 11 million barrel per day. that's the most since the fall of the soviet union. all eyes are on what output levels russia will agree to with other producers. the opec members plan to
officially set output caps for each country next month the at their general meeting. on monday, the dow jones industrial average ended up at 18,329. the nasdaq up almost .07 on the day. markets were closed on monday for a public holiday. let's see how it's starting on a tuesday morning. we'll start off with ramin. >> we're playing a little bit of catch-up. a chance not only to react to the prices of crude oil that you were mentioning there, but also the u.s. jobs data which came out on friday. so that came out a little bit below market consensus and keeping expectations that the federal reserve may raise rates in december.
let's get a reaction on how the nikkei and the broader topix are kicking off this tuesday on october 11th. the nikkei is up .72%. now, before i go into oil, quick reminder, nikkei ended up last week up almost 2.5%. gided higher by the stronger dollar, the recent support of economic data in the u.s., the fed will likely raise rates before the year end which helps the dollar and helps exporters here that benefit from a cheaper yen. keeping with the oil story, prices for key bench marks, brent and west texas intermediate shot higher after vladimir putin said that he supported output cuts. that sent prices to the highest levels in a year. in fact, brent crude reached its highest level since october last year and wtei, the u.s. benk
mark, the highest since june. so a hot of activity that we'll be tracking in the energy sector. >> you mentioned currency earlier. give us an update on how some of the key pairs are trading this morning. >> the dollar yen a subdued session. friday's numbers altered the view on when the fed may raise rates. keeping bets to a december rate hike. apart from that flash crash that we saw on the british pound, it was rather subdued. euro yen, 115 spot bottom of the screen. we should mention that china markets return after a week long holiday last week and the shanghai composite rallied on hopes that government action on an overheated housing sector may help put stock back in the markets.
concerns about thailand's king health spurred heavy sales in the bangkok markets. we'll have more in a couple of hours. that's all for me. back to you. >> thanks for keeping us up to date. japanese officials have just released the latest current account data. the figures stayed in the black for the 26th consecutive month in august. finance ministry officials say the surplus totaled about $19.3 billion. the current account balance is the broadest measure of trade and twext with the -- investment with the rest of the world. the surplus stood at $2.3 billion that figure improved as lower crude oil prices vunk the value of japan's energy imports. the primary income account surplus was over $19.1 billion. let's take a look at our
global economical dar for the week. on wednesday, we have japan's machinery orders. this is the leading indicator on how much companies are investing in their businesses. on the same day, the u.s. federal reserve will release minutes of its federal open market policy meeting in september. at the meeting, the fed hinted at a policy -- at a rate hike rather within the year. on the next day, policy makers at the south korea central bank decide what to do about a slowing economy. interest rates are already at a record low. and on the same day, japan's fast retailing operator of casual clothing chain, uniqlo, will announce its earning for the business year ending friday. on friday, china will release two key gauges. every week, we ask experts
their viewpoint. this week, japan's machinery orders stayed positive in june and july but he expects to see some correction in august. >> in our firm we're predicting orders to fall 3% from the previous month, but machinery orders rows 4.9% in july and 8.3% in june so these figures are still running at a high level. we think machinery orders will go into a temporary adjustment phase. >> he says companies are making small investments to deal with labor shortages. large scale spending lacks the boost for economic growth. >> it accounts for the
lust luster growth for machinery. >> he's concerned by the global slowdown. he predicts managers will remain reluctant to spend despite low interest rates. >> translator: looking globally, we don't see a situation where demand is expanding. the united states' economy seems to be going into a slowdown phase and china's high-growth era seems to be coming to an end. taking into account the global factors and the sluggish production in japan, we believe moves to boost capacity among manufacturers will remain weak for some time. >> that is the latest in business news for this hour. i'm going to leave you now with a check on markets. ♪ ♪
on to other stories we're following this year. two u.s.-based professors have shared this year's nobel prize in economic sciences. they're being honored for research that shows how contracts deal with conflicting interests. >> the royal swedish academy of sciences has decided to award the prize in economic sciences in memory of alfred noble for 2016 to oliver hart and bengt holmstrom for their contributions to contract theory. >> oliver hart was born in england and is now professor at
harvard university. bengt holmstrom is from finland. he's a professor at massachusetts institute of technology. the royal swedish academy of sciences awarded the prize to the two professors for developing contract theory, a general framework for understanding how contracts work. in the 1970s, holmstrom showed how a principals such as company shareholders should design a contract for an agent such as the ceo. he explained how the contract should link the agent's pay to performance. in the 1980s, hart made a major contribution to the understanding of incomplete contracts. these are contracts that don't cover every possibility in a legal relationship. the academy says the professors laid the foundation for designing policies and institutions in many areas from bankruptcy legislation to political constitutions. autumn is the season when the arts schedule in japan gets
busy after a long, hot summer. two events brought artists and audiences from around the world together. nhk world's maria naka reports. >> reporter: "unknown asia" featured 160 upcoming artists from countries and territories across the region. when visitors beat a drum, the images above them change and the artist says the display mirrors their feelings. this is an illustrator from singapore. his drawings are inspired by everyday feelings and impressions. in this self portrait, he's staring at an invoice and looking disappointed. >> it's an opportunity for young artists, especially for me in singapore, to come here and see what it's like. >> reporter: this artist takes viewers on a trip using virtual reality.
people suddenly disappear from kyoto's central train station, leaving a surreal projection of an empty space. ideas about the real world yield to new conceptions. he's from malaysia, but an interest in multimedia art led him to japan. >> translator: i'm enjoying my work here, in order to get greater exposure in the asian market. >> reporter: down the road, another event with a french pedigree drew big crowds. the ancient city of kyoto is all about celebrating contemporary art tonight. look at all these people. hundreds are gathered here for a one-night festival filled with creativity. one of the producers of the event, isabelle olivier, is from
france, where it first originated. >> translator: our goal is to create new work that tears down the boundaries between design, traditional crafts, contemporary art, and music. >> reporter: kyoto's castle is a national treasure. its kitchens are usually off limits. but they were opened as a stage for a french artist. they're a mash-up of classical european adventure novels and japanese videogames. this french artist works with jewelry. everything he showed here was created in the two months since he arrived in japan. for him, the project was all about working with people. navigating a language barrier, he and his collaborators let their art speak for itself.
one of the things they came up with was a saki cup. >> translator: these two people in the cup represent friendship between me and an artisan. this product symbolizes dialogue between france and japan, colored by my personal experiences. >> reporter: these events presented opportunities for encounters between japan and asia, japan and france, and between the works themselves and the viewers. one for all and all for art. marie yanaka, nhk world. people in haiti are desperately trying to recover after hurricane matthew hit the
caribbean country. the associated press reports 470 people were killed but the death toll continues to climb. the united nations says hundreds of thousands are in need of relief supplies. on top of the necessary aid, residents need the weather to cooperate to somehow get their lives back in order. our meteorologist, robert speta joins us with details. >> at least at this time, the weather itself has vastly improved since what we were saying late last week when the storm system blew overhead. so, now sunny skies. this made landfall in western haiti as a category 4 major hurricane, especially out here towards cuba, eventually pushing towards the carolinas, the worst of it definitely down here toward the south. here's video out of one of the more remote areas. there are many locations at which still aid is getting there. it's very slow just because of communications being down. the infrastructure has taken a
big hit. there is the possibility and some news agencies have stated the death toll could climb to 1,000. there is also the major fear of diseases spreading including cholera and the lack of safe water to drink. that was in haiti. in the americas, extending towards the u.s. and the carolinas, was also impacted by this. we had about 1,000 water rescues out there. the death toll of over ten across the u.s. definitely small compared to the absolutely catastrophic conditions we're seeing in the south. as far as the weather is concerned, we are looking at much fairer conditions out here, that's the good news at the very least. some dry air filtering in across the area. we have nicole towards the northeast. good news with that. that is shifting towards the north following behind a frontal area. it could be pulled over bermuda but definitely a much weaker system than what we see with matthew. back toward the northwest, i want to mention an area of low pressure is moving through the
northern u.s. and into central canada. that's making for some rough travel conditions, even some heavy snowfall at times across parts of montana, extending through wyoming. even there there toward the east, we're also looking at snow in parts of ontario and quebec, rather chilly. winnipeg with a high of 16. go toward the south, oklahoma city, a high of 30, and some thunderstorms possible across parts of texas, that moisture flowing in out of the gulf of mexico. take a look here towards europe. throughout this area of low pressure, it's a cutoff low, continuing to linger across the balkan peninsula. if you like the snow, northern italy has been getting rare -- rather heavy snowfall out there from the same area of low pressure. the main reason for that the big dip in the jetstream. with that, upper level cool air has just been filtering in. temperatures across the board are continuing to plummet. we're looking at strong thunderstorms flaring up parts
of the balkan peninsula. extending from greece, over toward western turkey, but look at these temperatures as i mentioned. berlin, stockholm, in the single digits out here. london with a high of 15. 22 for your high in lisbon. it will cool off wednesday and thursday with another cool front coming through. talking about cooler conditions, that sea effect snow is still impacting parts of hokkaido this past weekend. that will stay in play. we even have another low coming through that will bring another round of rough weather out there. cooler down towards the south, tokyo, northwesterly winds, a high of 21. still got some heavy showers as well in hong kong and the remnants of our tropical depression continuing to linger there. all right. here is the extended outlook. ♪ ♪
the annual world police band concert took place in japan for the first time in four years on monday, a national holiday. participants included bands from across japan as well as units from paris, vietnam, and new york city. ♪ police officers in the vietnamese band put on a colorful performance. >> translator: it's fun to see the vietnamese style. >> i'm impressed with the differences in music and atmosphere from each country. ♪ >> it concluded with the new york band playing the jazz number "when the saints go marching in." what a real treat there. all right. that wraps up this edition of nhk "newsline." thank for joining us for joinin.
>> "euromaxx highlights." here is your host, carlos mcconnie. carlos: our week just wouldn't be the same without some highlights. so let's get this show on the road with a quick preview of today's subjects. daredevil drivers. taking things to the limits at the wall of death. enfant terrible. greek conductor teodor currentis redefines musical boundaries. mountain hike. crossing the alpine range from north to south on foot. peter lindbergh is one of the best-known photographers in the fashion industry. his career took off with his black and white photographs. even though lindbergh prefers that his models m