Transcripts For BBCNEWS Asia Business Report 20170131 : vima

BBCNEWS Asia Business Report January 31, 2017

Decision day for the bank ofjapan. We hear from the business decision day for the bank ofjapan. We hearfrom the business is speaking up against the new us travel ban. Good morning asia, hello, world. Glad you could join us. In a few hours time, the governor of the bank ofjapan, hours time, the governor of the bank of japan, the central hours time, the governor of the bank ofjapan, the central bank, will be revealing its next monetary move. Since the all directions of donald trump the yen has been strengthening and how much willjapan be impacted by trumps policies is unclear. The boj and massive Bond Buying Programme largely considered to have faded. What else can the boj do to start the economy . We are seeing Interest Rates are ready at miners. Banks buying Government Bonds and a sustainable base. There is nothing they can do more to stimulate the economy. What about changing their long term Interest Rates charges . They could implement this today. Long term Interest Rates charges . They could implement this todaym might need to raise their long term policy rate target, from 0. 0 two 0. 1. In orderto policy rate target, from 0. 0 two 0. 1. In order to keep the Interest Rates low the bank of japan will have to keep buying jdbc i think the japanese government needs to avoid that to avoid accusations that the japanese government is monetising its position. High Interest Rates should mean the yen appreciate. But it has depreciated significantly in the second half of 2016 especially after President Trump came on board. I think after President Trump came on board. Ithinkjapan after President Trump came on board. I thinkjapan can let the yen appreciate a little more. What is the threat right now the flawed policies or tough rhetoric from mr trump . Type trade rhetoric is a threat but it is not particularly significant. Japan is no longer the world s trade surplus country. It is less than one quarter of what china has against the us so i do not think trade policy is that much of a huge issue. It right be a huge issue for particular companies are not for the government. What are the key fa ct the government. What are the key fact is to watchword in tender unveils its results after the bell today . Nintendo. It owes revenues outside of japan in today . Nintendo. It owes revenues outside ofjapan in the today . Nintendo. It owes revenues outside of japan in the majority. Switch the new consul will be coming out this month. Sony has fallen as much as a third of a percent. Its outlook for profits on dvds and blu ray discs. It has put an imperative charge of 1 billion on its movie segment. His best leaders have been speaking up against the temporary travel ban which affects seven mainly muslim countries. An asylu m seven mainly muslim countries. An asylum boss has tweeted that he was sad to see what was happening in the united states. Amazon. He announced Free International calls from all countries banned. It will be hard to high end for and talents now in america. Passengers arriving at San Francisco International Airport have been given a here as well come doing something just a week ago was nothing out of the ordinary. Eppleton become focal points of protests over President Trumps immigration policies. As Public Opinion began to swell, google began the wave of Big Tech Companies lashing out at the order. It is painful to see the personal cost, adding that more than 100 of his staff were directly affected. 0ther companies chimed in. The shock here is the speed at which President Trumps policies have impacted business. A policy that is passed has had impact but it is not super immediate. It may be felt a year later or Something Like that but this is something where people are being stopped at the airport now. When the engineers arrived in Silicon Valley this is where they start. Message from the tech giants are that people are still needed. We bring talent from everywhere. It would be disastrous to our economy to stop that. On friday tech bosses including tesla Chief Executive a meeting with President Trump. A chance to raise concerns in person. In the meantime, Tech Companies and other wealthy individuals here have pledged millions of dollars in funding for organisations fighting back against President Trumps most impactful decision so far. The main message to businesses from President Trump is to manufacture in america and hire more americans. How will that affect asian markets . Would put a question to a recruitment company. Our Government Leaders have their hands full with what is happening in the us of late. I think the good thing is we have a call strong Axiom Community are a share in community. Ifi call strong Axiom Community are a share in community. If i was on the market for a job where would you suggest i look for one and which sector . I would hope you are equipped with technology and skill sets because technology will dominate this industry in the next few years. The world is taken over by the digital revolution and the newspapers are hit by all these Tech Start Ups, cybersecurity is, digital, no longer is it a vertical industry it is now in faded into every industry. Tech is a topic in every industry. Tech is a topic in every conversation. In other Business News Deutsche Bank has agreed to pay over 400 million to new yorks Banking Regulator because ofa new yorks Banking Regulator because of a scheme involving clients buying stocks in moscow before sending them through the banks london branch. Regulator said 10 million was moved out of russia between 2011 and 2015. Indonesia wants to get in on the Financial Technology industry. The latest buzzword among entrepreneurs. 0ne latest buzzword among entrepreneurs. One of the biggest Financial Institutions back central asia has pledged to invest 50 million in start up companies. Pledged to invest 50 million in startup companies. The 50 million put into the Tech Start Ups basically aims to make a Financial Services system for bca that eventually will help customers. Right now 50 million is considered a really small to actually boost austere growth in indonesia but this is just austere growth in indonesia but this isjust an austere growth in indonesia but this is just an initial investment because they are still testing the waters and seeing how this may play in the future because there are some concerns that customers have not placed their trust in Technology Based Financial Services in indonesia because for e commerce it took about 50 years to finally take off in indonesia. 15 years. It has recently ta ken off in indonesia. 15 years. It has recently taken off really well so bca will have to wait and see how it goes in indonesia but if he plays well then they are optimistic they will inject more capital into this start ups in indonesia. Will inject more capital into this startups in indonesia. A quick look at the markets, as you can see they are all in negative territory. This is after President Trumps travel banks. Those are the markets. In 04 investing your time with us. Sport is coming up next. Thank you. You are watching bbc news. Leaders of the devolved government in scotland, wales and Northern Ireland have demanded a greater role in brexit negotiations. Cardiff the latest stop for the well travelled prime minister, and yet another tricky meeting, this time with the leaders of the governments in scotland, wales, and Northern Ireland. They have all complained that the uk government is not living up to promises to keep the devolved nations fully involved in brexit preparations. After the meeting, Nicola Sturgeon warned time is running out to reach agreement. Im very clear today that this period now, in the run up to the triggering of article 50, is crucial to determine whether or not there is any hope of getting a uk wide position. And ive been very clear to the prime minister, i wasnt the only voice around the table, in terms of the devolved administrations, who made the point about the importance of the period in advance of triggering article 50. You seem to be suggesting that in april, once article 50 has been triggered and we know what the uk governments approach is, that is when youll make up your mind about whether or not youre going to have another referendum on scottish independence. Well, look, i think ive been very clear about the critical importance of the period between now and the triggering of article 50. But im also clear that weve just agreed to try and intensify that work, so im not going to close the door on that. But it stands to reason that, if the people of scotland are to be given a choice, then, you know, the time for that is finite. This process cant go on forever. The scottish and welsh governments have proposals that would allow them to maintain free trade with the eu Single Market, allow Free Movement of people, controlled by work visas, and would see more powers devolved to edinburgh and cardiff. Weve put forward a suggestion. They havent done yet. What we want is for our suggestion to be taken on board by them. But uk government ministers appeared to reject any part of britain remaining inside the Single Market. You cant be a member of the Single Market if youre not a member of the eu, and the United Kingdom is leaving the eu. I think that, if we can get that best possible access, that actually will be what is in scotlands best interests. No matter how tense and difficult this meeting may have been, theresa may knows it is only a taste of what is to come when she has to start negotiations with 27 eu member nations. Pulling up in dublin a couple of hours later, she promised the irish taoiseach a seamless border between the republic and Northern Ireland, exactly the kind of special deal that will be carefully scrutinised by the devolved nations of the uk. Sarah smith, bbc news, cardiff. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme the draw for the last 16 of the English Fa Cup hands non League Sutton united a home tie against arsenal. Holders Manchester United make the trip to Championship Side blackburn rovers. And the clock is ticking. The Transfer Window closes on tuesday. Well round up some of the big moves. Hello and welcome to the programme, where we start with news of the draw for the fifth round of the English Fa Cup. Holders Manchester United have been drawn away to Championship Side blackburn rovers, while uniteds Neighbours City Travel to another Championship Side in huddersfield town. But perhaps the biggest tie of interest sees non League Sutton united hosting star studded arsenal one of the most successful teams in the competitions history. Rebecca hanley reports. Cheering. As cheers go they dont get much bigger than this. Sutton now have premier League Giants arsenalfirmly in their sights. A win against the gunners would make Cup History Butjust playing against them will mean a huge win for the clubs finances

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