is going on market wise. the trading day across the asia-pacific. asian stocks trending higher. they cost be seeing solid gains. seeing solid gains. hands saying also up 2/10 of a percent to but the shanghai composite trending lower. remember, it rose for three consecutive days. april retail sales numbers and industrial production numbers out of china later in the afternoon. down 2/10 of 1%. this is after even current account data this morning margins opened wider than in 2008. weaker yen attracting more tourists and that is helping increase the surplus. asian stocks rising mostly overall today. that is even after markets globally have seen a slump because of that bond sellout. it has intensified in the past three weeks. the 10-year treasury yield high sinceuched a november, the highest level since november, 2.36%. 2.26%.urrently at it managed to reverse course after a successful auction of three have in your debt. the growing pressure on ubs in the u.s., the justice department is said to tear up its agreement not to prosecute or. bank for libe this came out of 5:00 a.m., u.s. author

southeast asia was a vital interest to the united states and worthy of economic development in vietnam. u.s. military personnel went from about 23,000 in january of 1965 to over 180,000 by the end of the year. >> during the current academic year this marks the second occasion on which johns hopkins has been privileged to welcome our chief exec itutive to this campus. ladies and gentlemen, i present the president of the united states. [ applause ] >>> mr. garland, senator brewster senator tydings, members of the congressional delegation, members of the faculty of johns hopkins, student body my fellow americans. last week 17 nations sent their views to some two dozen countries having an interest in southeast asia. we are joining those 17 countries and stating our american policy tonight which we believe will contribute toward peace in this area of the world. i have come here to review once again with my own people the views of the american government. tonight americans and asians are dying for a world where each people may choose its own path to change. this is the principle for which ou

raise $100 billion and raise money for infrastructure projects across asia. ali velshi recently discussed this with chin an asia fellow at the milken institute. ali asked is the position clear? >> the united states poks is clear, that the united states has chosen not to join the asian infrastructure investment bank because they're not certain yet what sort of standards will be applied on the loans that the bank makes. and i think that's a very fair point, you know. do we want to join a bank that is not going to do great things. missed opportunity by the united states in getting there from the beginning and shaping what this organization could all be about. >> most americans won't know what the aieb is or necessarily not the adb. world bank, from a a development bank perspective what are these organizations meant to did? >> sure. let's focus first on the world bank, international monetary fund, these were organizations created really at the end of world war ii and part of what they've done is really build or be part of a global economic architecture. so the world bank specificall

going to look at the goings on. plus gains an gadgets galor. we're in asia's first ever consumer electronic show all this in "asia edge." >> asia stocks pretty much on the green today. we sthaw lying by shanghai up about 2% right now. and about .7%. we got that coming out of china last week. so it is fueling speculation the government going to snep to do some escalated measures to stimulate the economy. last week 8% growth in the shanghai composite. those gains up to 10%. let's do a little bit of a microscope here. we saw in the u.s. on friday there they're ending things in the red despite that we saw those record highs on thursday. the shanghai composite year to date surging. and we have see the any kay 22 as well. it has been seven straight days of gains. year to day about 17%. 20,407. that's the 15-year high. back to you guys. rishaad: surging exports to the u.s., a trade deficit and the news providing some evidence that the economy is continuing to recover after last year's recession. willie, on the economy is there any real grounds for optimism? >> well, yes. happy birthday

for memorial day weekend for the u.s.. we are seeing a little bit of a mixed picture in asia this morning, on that 15 year high, seven straight days of gains, looking pretty good and we will see if we are going to see if things continue one throughout this morning here for sing up or -- for singapore. saw a little bit of stocks on friday there in the u.s. falling in the red pretty much after we saw some comments from janet yellen saying that 2015 rate rise may still be in the cards despite that chilling economic data that we saw for the first quarter but we did see some upside in the eco-data last week, we saw that inflation climbing 0.3 percent in april for the u.s., that is the biggest gain since 2013. federalcloser to that goal. in asia, in terms of sectors, we are seeing green in all sectors. 1%, ands up about telecom close to 9/10 of a percent. the trade deficit number came in one hour ago, better than expected, that deficit coming million, that is never than expected, and that is thanks to exports. 8%, is to the u.s. rose beating the estimate of 6%. we saw some weakness on t

opportunities here in the asia-pacific. and the opportunities here in the asia-pacific. ♪ yvonne: despite a drop in global business, brazilian aircraft maker is optimistic about growth prospects. haslinda amin has more. optimistic, but signs of a slowdown in plane deliveries. they are down to the low 90's in from morewo years, than 100 in the years before. is it the new normal? joins usdent and ceo this morning exclusively on bloomberg. good morning. we are talking about how we have seen a slowdown overall in demand, but not the case for commercial, which you are in charge of. guest: in the last two years we have delivered above 90 aircraft. we want to deliver a little bit over this year. haslinda: that is despite the slowing region. a good part of asia seeing slowdowns, china case in point. even the likes of singapore. it is slowing down a little bit in certain regions, however other regions are picking up. the case in the united states. and being very well accepted in the u.s. market. in the last two years, growth of 80% of sales. a lot of activity in the united since they make a lot of m

superrich are enjoying the highlights on the high seas. all of that in more, on asia edge. >> i have been following this across asia today. japan, 1.3% in the morning session. 250 points rallied. if you look at volumes, we are 70% higher. in australia, we are one third of 1%. interesting note from goldman sachs saying oil prices have been on the up for week -- goldman says this presents investors a window. the bank thinks commodity prices will fall. fundamentals will become cyclical, nothing has changed and supply is still on the way up. let's have a quick look at -- largely unchanged. we are up, though. it is still relatively good as we had into the afternoon. >> disappointing trade numbers in the slump in property all forced policymakers to step in for a third time. pboc says there are plenty of tools available if more action is needed. let's bring in christine. christine, this wasn't a surprise. reporter: it was pretty much in line with what analysts were expecting. this is an likely to be the last rate cut we see this year. we have to look at chinese monetary policy as the whole packa

in the world are in asia. the fastest-growing opportunities are outside the united states. 96% of customers are outside the united states. what the president understands is it is really important that our companies have access to this opportunity. al: why do you need what's called fast-track authority? that comes before you get to the transpacific. penny: what trade promotion legislation does is congress tells the administration, here are the parties we have that are necessary for us to give you an up or down code on a trade deal. they lay out 150 objectives that have to be met by a trade deal. this is the bottom line. if you don't meet the bottom line we will not give you up or down vote. they lay out the rules for how the deal will then also get legislated once the president wants to sign it. al: what sandy levin, the ranking democrat on the house ways and means committee, says what this is all about really is the transpacific partnership. they say if you give us the details, show us what it is and then we can decide whether we give you fast-track authority. isn't that reasonabl

. streaming on your mobile and bloomberg.com. top stories this morning in asia as it has been so often, greece. has scraped together enough cash to make an hundred million dollar payment to the imf but default is a threat. zeb eckert is covering the developments in europe. zeb: it is welcome news, the payment they will make. they put in a transfer order which tells you that the money will be transferred. on if itaking a poll would be transferred or not. the big check is in the mail but there are many more tracks that need to be mailed -- checks that need to be mailed but it does not eliminate the threat of default. the changes that greece must make to satisfy creditors. on monday,t packed greece's problems are not insurmountable but they are big. the finance minister making it very clear. all sides being very honest that liquidity issues are coming to bear. in weeks, greece could be out of cash. isthe liquidity issue incredibly urgent. this is common knowledge, let's not beat around the bush. theeems to me that from perspective of the timeframe that we are facing, we are talking about

targeting asia and immigrants and the laws are very, very different. while ellis island is an mostly processing center, angel island is a place of interrogation, health examinations, and detention. this history is not as well-known, but it is important because it helped shape our modern immigration system. let's take a look at who these agent immigrants were. when we think about this great era of immigration, there are two great eras of immigration. one is the one we are living in today and the other is around the turn of the century from 1830-1930. there are 35 million immigrants who come during this century of migration. the vast majority are from europe. this is about one million immigrants from asia and another one million come from latin america. in the big picture, this is just a drop in the bucket, right? one million out of 35 million who are coming. it is pretty diverse. there are about 450,000 chinese the largest group. there is also 380,000 japanese. 150,000 filipinos. south asia is the term that was used to describe immigrants from india, pakistan, and then was d banglades

headquarters in hong kong. let's check in on markets first thing this monday morning in asia. to new zealand, where we are seeing gains. .4% up. numbers coming out on friday that were a little bit soft from the u.s. innting down to the opens japan, korea, and australia. we have futures in chicago pointing to a higher open. in the dollar yen, we have some weakness this morning. china has been forced to act again in the face of last week's poorer than expected trade numbers. they have cut rates for the third time in six months. let's get the latest from christine. was this always in the cards? largelye: this was expected, especially after the poor export numbers last friday. the speed shows just how closely the central bank is watching the slowdown. the manufacturing sector has been troubled for a long time with overcapacity. other factors are at play, but much lower imports and exports is worrying. to move away from the low-cost, low value manufacturing industries. manufacturers showed factory employment at its weakest level in years. will impact jobs, something the government has made clear

headquarters in hong kong. our top story this morning in asia, greece says it's government has left the euro three- met the euro area quarters of the way and it is time to compromise. the interior minister says greece cannot pay and will not pay without a deal. yvonne man has been following the story. yvonne: a lot of measures over the weekend, the day after alexis tsipras says the greek government does not have any more ability to absorb austerity measures. the interior minister would not and could not pay the imf without a deal. this all comes when angela saidl, francois hollande that greece has until the end of the month to reach a deal. both sides seem quite torn. my favorite quote from the finance minister, it is not in their interest, the cow that produces milk should be beaten into submission that the extent the milk will not be enough for them to get their money back. they are calling themselves a cow here. a lot more payments ahead. the greek government needs to pay monthly salaries and pensions by may 29. in june, it has about $6 billion to the imf. more than $6 billion to

with u.s. secretary of commerce penny pritzker. >> the growth going on in the asia-pacific is something we have to have access to and today we don't. for example, if you want to sell pork in asia you could face a tariff up to 100%, autos up to 80%, chemicals a tariff of 30%. if a foreign company wants to sell here in the united states often you face a tariff. on average you face a tariff of 1.4%. so we're at a real competitive disadvantage. >> rose: brokaw, hunt and pritzker when we continue. >> rose: funding for "charlie rose" has been provided by: >> rose: additional funding provided by: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: tom brokaw is here. he was the anchor and managing editor of nbc "nightly news" with tom brokaw. for more than 20 years. he formed part of the big three network news anchors with dan rather and peter jennings. since retiring he continues to report for nbc news as a special correspondent and has bec

football in asia. >> yes, good evening from sydney. certainly not just in asia but in africa as well, it's his real power base, it's been for quite a long time. fifa has really survived in many ways by giving these development grants that they hand out to individual associations regardless of your size. the smaller and poorer football association he throughout africa and asia up to a half a million a year, and they dole out their projects which go to building clubhouses to training pitches and stadiums as well. a lot of people find from those grants that they're targeted to specific nations. not every nation is in receipt of this money at times such as this. >> so how do people view then some of the scandals or allegations which have rocked fifa? has it eroded the credibility of fifa or sepp blatter? >> i think absolutely it has. i mean the last two or three days have been unprecedented really in the scale of scandal. and to compound matters from an asian perspective, there is a level of you could say treachery, prince ali is a man i've known for years and in my opinion he's a clean candid

advertise more and more to promote vietnam as a gay destination. >> in this episode of asia insight, we see how vietnam is changing its values and gradually integrating gay people into its society. >> ho chi minh city is one of the largest metropolises in southeast asia and is at the heart of vietnam's economy. it beats the capital hanoi as the wealthiest city and is a magnet for workers all over the country. in the past five years alone, the population has increased by almost 800,000. the city has come a long way since the end of the vietnam war 40 years ago. we asked locals what they feel about the recent revision in the same-sex marriage law. [ speaking foreign language ] [ speaking foreign language ] >> located on the edge of ho chi minh's business and shopping district is a famous cafe and bar which is popular with the gay community. papa cafe first opened 16 years ago. at around 11:00 a.m., office workers from the area drop by. they come for the tasty and reasonably priced lunches. during the day, there are very few gay customers. it's also a favorite lunch time place for families

start off with a quick look at the hour's top stories. >>> the new u.s. commander for the asia-pacific region has tough words for china about the spratly islands. >>> japanese lawmakers are now engaged in heated debate in the diet over proposed new security legislation. >>> and american and swiss authorities have indicted several high ranking members of football's world governing body on suspicion of taking millions of dollars in bribes. >>> there's a neumann at the helm of u.s. military forces in the asia-pacific. admiral harry harris has shown he's prepared to deal with the flury of activity in the south china sea. [ applause ] >> reporter: harris was speaking at a change of command ceremony in hawaii. he said the u.s. base has no shortage of challenges but ready to meet them. [ applause ] >> from north korea with its quest for nuclear weapons and means to deliver them to china's claims and land reclamation in the south china sea. the u.s. will rebalance to the pacific. our joint force will work closely with our allies and friends and into the asia-pacific region. >> reporter: u.s. d

crisis with refugees and it certainly is at work in southeast asia namely human trafficly trafficking. a crackdown helped to prompt this latest crisis. >> well, i think you're right in there, but i think the one -- the states that are taking or not taking these refugees in only one part of this that is to blame i think you have to look at well to the sight where these refugees come from. and i think there is a big difference between the africa which is our problem now because people are crossing the mediterranean and asia. this is a state that does many things to try to come back into the international community. they want to be seen as a state doing reforms giving -- paving the way to democracy and they have to be taken into account as to what is happening to their minority and it's not only that we have to deal with the consequences and look at the source of the problem as well. >> let us in fact then take a closer look at the people who are being persecuted there. >> they are a muslim minority in predominantly buddhist state. the state does not only recognize them but denies them citi

partnership which is so important to the role in asia has unique human rights and labor protections which previous deals have not had and if we don't buy into it we will be left in the dust and china will just run circles around us if they are not already. so your perspective on that. >> first of all the president is right that trade promotion authority i think it's essential to get a trade deal done. we won't be able to negotiate the best possible deal or negotiate any deal at all if the president doesn't have that because otherwise how will the other side know that it was a real negotiations of all this does is put us in the position to negotiate a deal number one and it's essential. second, i think the transpacific partnership is extraordinarily important for a number of reasons. it's important to our credibility in our national security or economic security because this administration has made this a huge priority. if we say if we are going to do something it's important that we do it number one. secondly as the president even needed to china is very active on the economic front, ther

. angie: all-time highs. thank you, su keenan. let's check in on markets in this region, asia. in new zealand, fractional losses. new zealand dollar spot at 73 u.s. cents. it continues to weaken after the government said it would annex property curves. -- and property curves. we are also coming down to the close in japan and australia. check that out. 120 points away from 1000. will we get there? that is the look from chicago futures. they could open about the 20,000, psychologically important mark. in other news, greece says a deal with creditors is nearby that is at odds with those that say the banks are running rapidly out of cash. the finance minister is hourly -- outwardly optimistic but says he would prefer to default to the imf rather than greek pensioners. some economists say coffers will run dry in the next three weeks. china wants its new asian infrastructure bank to stand out from the crowd, especially when it comes to speed. sources say beijing wants loan approvals to be made more quickly and is considering giving senior staff more power over decisions. the proposals will

today's word from asia on greece. still to come on "asia edge" -- manny won. he did? many in the philippines refusing to concede their homegrown hero was out fought. we to one high-profile sue port later on. up next, chinese manufacturing sector weakened further than originally thought in april. more on that when "asia edge" returns. >> checking some of the stories making headlines around the world. the number of people killed in nepal has risen to 7,250. at least double that number are injured and both totals expected to rise as remote communities are just now being reached. more aid and equipment is being flown in although nepal's only international airport has been shut to big planes. katmandu was built to handle medium-sized aircraft and heavy freighters carrying aid damaged the runway. the italian coast guard said nearly 4,000 migrants were rescued in the mediterranean sunday as good weather and calm seas persuaded more people to attempt a crossing. the flood of migrants shows no sign of abating. last year 170,000 people were picked up. that's a 280% increase on 2013. last m

>>> talks to tackle the growing migrant crisis in southeast asia get under way in bangkok. thailand calls for a united response. ♪ ♪ >>> hello and welcome to al jazerra live from our head quarters in doha, i am richelle carey. also ahead world football in crisis. fifa's president sepp blatters refuses to resign ahead of a reelection vote on friday. >>> back to the few he nigeria repayers for inaugurate a former military leader as it's a new democratically-elected president. >>> closing the digital divide. the u.s. plans to give millions of low income people free internet access. ♪ ♪ >>> and we begin in bangkok where talks to tackle the growing migrant crisis in southeast asia are underway. but tensions between neighboring countries remain with delegates from myanmar are angry over being singled out over the rice us that's a quote. the u.n. is calling on myanmar to recognize the row hundred began minority as citizens. they have be been urged to address the root causes of this exodus, this is a quote by taking full responsibility for all of its people. veronica pedro a is live

enterprise institute where he studies asia economic institutes and trends and particularly focuses on the chinese economies and us economic relations. before before joining aei he was the senior research fellow in the asian studies center at the heritage foundation. senior fellow at the brookings center for east asia policy studies. dr.'s. doctor sublease is an expert in japan's economic policies and analyzes. her analysis includes consideration of whether free trade agreements can be an effective tool template the domestic structure reforms needed to enhance the competitiveness of the japanese economy which is something briefly talked about in terms of efficiency next to her we have james foundry who is the executive vice president of us korea business council and senior director for japan and korea of the us chamber of commerce. in his role as senior dir. he also set the chambers priorities and policy positions for creative japan is one of the positions overall agenda programs. next to james we have edward alden who is the bernard l schwartz senior fellow at the council on foreign relat

morning and asia, to new zealand where we see a quarter of 1% gain. from jedome remarks wheeler on the country's financial stability report saying they plan to enact lending curbs to counteract housing prices. where counting down to the opens in australia, japan, and korea. in japan, this was the view yesterday. check out chicago pointing to a lower open after wall street closed in the red u overnight. the yen is weakening right now. in new york on the news that verizon is making a $4.5 billion takeover. the deal works out at $50 a share. we have brian joining us from san francisco. brian, how will this help verizon? an interesting deal. there is a lot of surprise in the u.s. when you think about aol, you think about the huffington post and all of these cool brands, even the dialogue business. it is about the quiet building alo has been doing around advertising technology. they are getting some cool, cutting edge stuff that helps place ads all over mobile devices and verizon can use that ways togy in a lot of help match that stuff together and hopefully drive new sources of revenue

legalize casinos is under consideration. the three day global gaming expo asia opened on tuesday. u.s. casino industry groups host the annual event, one of the largest of its kind in asia. at one of the booths visitors can spin a virtual roulette wheel. also on display is an internet gambling system that let users play a game remotely. macau post the highest revenues in the world even though growth slowed down last year. markets in southeast asia are expanding including those in vietnam and the philippines. participants at the trade fair have high hopes for japan where a bill to legalize casinos was submitted to the diet last month. >> definitely a market that has tremendous capability and will be a key market for us if gaming is regulated in that jurisdiction. >> 180 companies from asia, europe and the u.s. are taking part in the event. >>> now currently in macau the forecast calls for scattered showers with highs around 30 degrees celsius or 85 degrees fahrenheit. here in tokyo it's fair partly cloudy with a temperature reading of 24 degrees celsius or about 75 degrees fahrenheit. w

military technology to japan and elsewhere in the asia-pacific to respond to possible threats from north korea. >>> u.s. officials say their surveillance missions over the disputed islands are needed to maintain order in the region. nhk world's reporter reports. >> reporter: this video was released last thursday. it was taken aboard a u.s. navy p-8 plane operating in the south china sea. >> we're in a fiery cross reef. you see the landing strip being built. hundreds of meters in the past couple of months. >> reporter: they're also audio transcriptions of contact between u.s. and china. a chinese navy personnel tells the american plane it's approaching china's military zone. then asks the aircraft to leave the area immediately. the u.s. crew responds that he's operating in international airspace according to international law. u.s. officials have hinted at the possibility of sending military vessels to waters china claims to be its territory. the area is within the radius of about 22 kilometers from the reclaimed islands. they say they're responding to china's ongoing projects to re

following a broad sell off on wall street and in asia. >>> and welcome to the show. so we have less than 24 hours until the polls open in the u.k. it's look too close to call this morning. >> it is looking too close to call. there's an implicit feeling and i'll say this on the record. the polls are wrong and actually the tourists are going to get in again and form some form of election. maybe that was a majority for a coalition. i was wondering if that was come play senty over a benign outcome too. let's face it. it may mean all kinds of referendum issues. an snp labor coalition could be interesting from a different point of view. when you look at sterling and credit and ftse at 6940 this morning. still nowhere near what we have seen in continental europe and i wonder whether that benign outcome equals complacency. >> it's an interesting point and in terms of the outcome we have the last minute swing going to the incumbent and the fact that labor's ground campaign meant to be better and the turn out could be better for labour supporters. >> betting markets are pricing in a 90% chance of

an asian war. now the bradley family's experience with asia is very different than the one we had with europe. my uncle jim bradley fought in europe in 1945 but we didn't continue to battle in europe for another generation like we did in asia. we didn't bomb italy 15 years in a row like we did in southeast asia. there's something about asia and particularly asia's biggest player, china and america's view of china. a call that view the china mirage and what i mean by that the china mirage is this intellectual stumbling block in the american mind where americans for generations have been hoping, praying expecting that china is going to change. old china is going to go away. china is going to drop some of those habits that we don't like and a new china is going to arise. this new china is going to be easier to deal with. it's going to be westernized and americanized and pray to jesus. this is a maras and the american mind that has been held for generations. it has no roots in asia. it's a moraitis that never was and never will be. now there is a lot of good reasons why america and ch

are accelerating their modernization. together we will be a double engine of growth for asia. >> the two sides have several sensitive issues to resolve such as a disputed himalayan border. he called on china to look beyond their disagreements. >> i stress the need for china to reconsider its approach on some of the issues that hold us back from realizing full potential of our partnership. i suggest that china should take a strategic and long-term view of our relations. i found that chinese literacy responsive. >> translator: both sides have enough political wisdom to manage and control the differences. we will not let the differences affect the development of our overall relationship. >> modi and lee presided at the signing of 24 agreements to promote cooperation in a range of fields from high speed railways to a yoga college. modi started his three-day visit thursday in the home province of president xi jingping. they visited tourist spots together, keen to display their warm personal relationship. >>> boosting business ties with china is at the top of modi's agenda. he's been tryin

investment. i think like a real pivot to asia, asia is where the allies want us and the largest economies in the world. >> rose: europe and asia -- >> well no, our asian allies really want -- our european al highs are pretty divided right now on what they want, right? you are giving me a hard time. >> rose: no, i am trying to help you clarify. >> so, you know, in that case, you pivot but pivoting applies wow take one foot and -- it means we don't do the middle east the way we used to and don't focus as much on iraq and syria because they are not as directly threatening, we don't need the energy we, the way we used, to money ball means making tough decisions. and the third way is independent america, and independent america really says look all of this stuff sounds really nice but if you are not prepared to actually follow through, if you not going to really write the checks then is much better for our lies, for our adversaries and r ourselves to come clean and transparent about these ings now. d say, we are going to play a ch smaller role globally, we e going to not demand respect saying you

] prime minister abe: we must all the more contribute with every respect to the movement of asia. we must spare no effort in working for the peace and prosperity of the region. reminding ourselves of all of that, we have come all this way. i am proud of this path we have taken. 70 years ago japan had been reduced to ashes. then came each and every month visits from the united states to japan. like milk for a children, and warm sweaters and even goats. yes, from america. 2036 goats came to japan. [laughter] prime minister abe: and it was japan that received the biggest benefit from the very beginning. the u.s. has fostered and opened up its own market in calling for a liberal world economy. lead on from the 1980's, the rights of korea, taiwan, and western countries, and before long china as well. at this time japan too devotedly poured in capital and technologies to support their growth. meanwhile in the u.s., japan created more employment than any other foreign nation, coming only second to the u.k. in this way prosperity was fostered. first, by the u.s., and second, by japan. and th

forces to respond quickly to crises and contingencies in japan and the asia-pacific region. the u.s. air force at first proposed sending the aircraft to the air base in okinawa, but the plan was reportedly scrapped in favor of yokota due to strong opposition from the public in the southern prefecture. there has been mixed reactions to the u.s. announcement. officials in japan's central government have welcomed the news of the deployment. but authorities from local municipalities say they're concerned. >> translator: as part of its asia-focused rebalanced policy and rapid response system i believe that the u.s. plan to deploy ospreys at an air base in tokyo will help boost deterrence of the japan/u.s. alliance and will contribute to the stability of the asia-pacific region. >> suga says the government will carefully try to gain the understanding of local residents. he says safety will be given top priority. officials from japan's foreign and defense ministries visited municipalities in western tokyo around the air base. he explained that the u.s. informed them of its decision to depl

streets of japan. the company that sells pepsico drinks in asia has agreed to buy jt's vending machines. it would help close the gap with coke. they have a total of 750,000 coke'ss, closer to 980,000. let's check on the market here in asia. due new zealand right now, where we saw a trade balance come out better than expected to a tune of $123 million in surplus. right now, we have new zealand fractionally lower. we are also counting down to the japan, australia, and korea. let's head over to japan. last closed .3% higher. a seven-year high for japanese .quities here looking at the futures in chicago, pointing to a higher open today. the-yen right now, still -- dollar-yen still weak. saidr ago, analysts shanghai stocks were set to rally 28%. they ended up more than doubling. >> if you call 28%, you would have been a pessimist. angie: yes. it would be a bad thing right now. ofwe are seeing this rally the stock market more than doubling. analysts who cover the 50 largest companies traded in shanghai, they predicted this game for the index. what we instead saw was a surge in the past year.

must -- we must all the more contribute in every respect to the department of asia. we must work for the peace and prosperity of the region. reminding ourselves of all that we have come all this way. i am proud of this path we have taken. 70 years ago napolitano has been reduced to ashes -- japan has been reduced to ashes. each and every month from the seasons in the darkest state t. gift to japan like milk for our children and warm sweaters and even goats. yet from america 2036 goat came to japan. and it was japan that received the biggest benefit from the very beginning by the economic system that the u.s. as foster by opening up its own market. calling for a world economy. let down from the 1980's with the rise of the republic of korea, taiwan, and before long china as well. the time japan, too, devoted technology to support their growth. meanwhile, in the u.s., japan created more employment than any other foreign nation but one coming second only to the u.k. in this way prosperity has fostered first by the u.s. and second by japan. and prosperity is nothing less than the sea bed

transpacific partnership, which is so important to our role in asia has unique human right and labor protections, which previous years had not had and that if we go buy into it we would be left in the dust in china would just run circles around it. so your divine. >> so first of all the president is right that trade promotion authority, tpa, i think is essential to get a trade deal done. we won't be able to negotiate the best possible deal if we can negotiate any deal at all if the president doesn't have that because otherwise, how would the other side know it was a real negotiation. all this does is put us in a position to negotiate a deal number one and it is essential. secondly, i think the transpacific partnership is extraordinarily important for a number of reasons. it is important to her credibility and our national security, economic security because this administration has rightfully made this a huge priority. if we say we are going to do something it is important we do it number one. secondly, as the president alluded to china and will talk about china later as we go along,

and draw the currency down. we are sensing that as a common theme from nations across asia. hayden brisco, thank you for joining us, talking currency, fixed income, from asia-pacific. indonesia's at how central bankers are getting their hands dirty in an effort to tackle inflation. ♪ angie: welcome back to "first up ." indonesia struggling with asia's highest rate of inflation, and worsening.t is commodity prices jumped 7% in may. they are trying to get the figures down to 5%. as rosalind chin reports, that sometimes means getting your hands to. this farmers group has been training to grow vegetables more productively. but she is not an agricultural specialist. she's had of the central bank's offices. mandate isonesia's to not only manage the market and demand side but manage agricultural groups from the supply side. we look at how goods are produced, how they are fertilized, and so on. rosalind: targeting food production is the first step to fixing inflation, which has been above 6% all year. it is an important goal for the president. price stability is a key focus. the central

direction not only in asia but globally is the standards that one is trying to hope to gain in the tpp the standard that all countries would probably be seeking. then tpp will not. that would be my answer to your question. >> saving rates are low investment rates are low what are people doing with their money? where is the money going? is there a government policy in the mind impact mr. consumption? >> yes. it's i quit my job. whatever i say is not official. the question that you pose is actually a question that we have been addressing at the g 20 level. at at least 18 countries of the g 20 face exactly the same challenge. it is not it's a career a career issue a global issue that will take a long time to go through. essentially the bottom line is us globalization us innovation particularly labor innovation us partial labor mobility command if you put that altogether and you have the safe havens where you can expand using transfer pricing you can store profit wherever you pay least taxes. combine these and get the results you desire. and korea at the g 20 level was just addressed tax gener

company. they are executing well. way.: it looks that before i later go, how were the sales in asia? they are definitely feeling the pain in china. -- chambers went out of his way to talk about how the company was doing better, growth of 8% outside of china. he's been fairly negative in the past about the chances of political deals, but he made comments that maybe it would get worked out. -- in relations improve, then cisco is there. angie: thank you for that. peter blair rose -- peter burrows out of san francisco. sumitomo mitsui is confident profits can be up this fiscal year. despite analysts predicting off all. but for the year ending march, profit was down almost 10%. however it is now more optimistic about growth at home and abroad. opportunity.g loans are trending upwards. capital demands are on the rise. on the back of increasing corporate investment, even loans for small to midsize companies are growing. abenomics are finally trickling down. angie: southeast asia's biggest phone company is getting a boost from australia. itsks to more customers at units. they're looking to

role in asia has unique rights to labor protections and if we don't buy into it then china will run circles around us. >> first of all, the president is right to that trade promotion authority or the tpa is essential to get a trade deal done. we cannot negotiate if we do any deal at all. because otherwise how would the other side know? so this puts us in a position to negotiate a deal that is essential. second, uh the trans-pacific partnership or tpp is important for a number of reasons. to our credibility national security, economic security security, this administration has made this a huge priority to say if we do something it is important to do which number one. second, why has the president alluded to, china is very active bond and the economic front that benefits china and the world and there is of linkage that helps their economic and national-security influence then tear take it a step further but i think the national security starts with economic security and i don't think china is a formidable competitor but we want the competition to be healthy. now lastly about the trade

talking about. the reported company is linked to china. they are raising their stakes. asia mining has reported. david stringer is joining us. is australia heating up? isid: it looks as if it heating up. if we look at the data in the first quarter of this year we have a value of deals in chinese mining has had a two-year high. it's not just dynamo. it is across the weekend for commodities, whether it is future project in papua new guinea. gold has had an offer this minig. from dejin iron ore, we saw china's biggest steelmaker had a consortium to buy a smaller australian company to get a foothold in australia's iron rich region where bhp and rio tinto have their high est earning opportunities. it is not only high in ore, it is across the spectrum. rishaad: thanks, david. let's turn to the greek talks. there is a lot of finger-pointing as to who is at fault. it isnance ministers says clear with the blame should fall. david: he wrote this op-ed in which they say austerity is the only deal breaker. it was published and i suggest reading up on this to our viewers at projectsyndicate.org. it

about two-thirds of a percent right now. big movers in the asia market, doing well. the inks market has been positive especially in mizuho. up about 2% now. they raised their dividend. they see a higher profit. net income will climb. sumitomo mitsui positive on their up front, too. mitusbishi u.f.j. doing well. they are buying back shares. they said their profit reached one trillion yen for the first time. amorepacific up all morning, up about 9% right now. it hased been raised to overweight by bar clays. trading the highest in six months. honhai up about 3%. their profit beat estimates. they doubled their dividend. that's thanks to apple there with profits also being -- hon hai being a big supplier for apple. >> bhp has seen a bit of a tumble here. spins off. started trading about an hour ago. down 7% now for bhp. angie: still to come in the program, john kerry expected to take a hardline stance in his visit to south korea. details later. >> up next could a boost in demand for chinese property indicate whole price declines have bottomed out? ♪ rishaad: let's check stories making head