From the asiapacific to new zealand we are seeing losses this hour. Lower on that1 disappointing chinese data. Retail sales. Right now youre seeing a decline in about one third of 1 . Also counting down to the openings in australia. Futures are pointing to a slightly lower open. Plus including being in the second cut from the royal bank of australia. Dropping to record lows. After that chinese data over the weekend. Lets get over to japan tracking futures trading at chicago. We are seeing signals pointing to a lower opening on monday. Japanese yen is still range bound. Watching out for Producer Prices for april. We will break that to you when it comes. Is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. How bad do things look . In march we saw a slew of positive data. Some would say this is a corner has been turned. The reality is that industrial output and production and retail sales and private investment all missed their forecasts. Bloomberg tracks gdp growth. The bloomberg tracker has come and that is down from 7. 11 in march. Some of his cause by that date on Industrial Production. A big part of the reason is a slowdown in the coal and steel industries. A big part of that was a slowdown in automobile sales. Down 5. 1 . In march. Ore than 12 private investors here seeming to lose confidence. As the forecasters had expected. New housing sales still up around 63 in april. Due to cities putting curves to tighten some of that runaway growth that weve seen. The bank of china has come out and try to reassure the markets that they maintain supportive of the economy. Just before this date on Industrial Production retail sales. The credit that we saw on friday. We were trying to explain their way to some degree. Unusual anomalies. A major slowdown in credit is just not to be expected. They remain prudent stars from the pboc. Economists dont expect any rate cuts anytime soon. They also dont expect any major slowdowns in credit growth either. It points to the tight rope walk is being walked by policymakers here in china. Try to maintain this very difficult balance. Angie the record retreat of chinese copies from the american stock market is hitting a snag. Dozens of Chinese Companies are being bought out and being left back home. Stephen engles is taking a closer look at this. It really had a huge impact on adrs. Stephen we heard that the Securities Regulator in china was perhaps studying a new plan for groups to come in about 47 Companies Since the beginning of last year had announced plans or are in the works to back to listening back home. They think they can better a better evaluation back home. Not only the csrc but also the Foreign Exchange. The currency regulator. Largestinto one of the deals. Concern not only for the Securities Regulator but also the valuations that must be done. They are concerned about outflows. That could put further downward pressure on the chinese currency. That is what theyve done in the last week or so. This is a month for the data. This is not just last week alone. By. 3 billion u. S. Dollars. Still concerns about the currency outflows. Angie with the stock prices falling that makes buyout offers even more attractive. Is that the companies as well. The people who are buying them out my go with it. To frothy. Is exacerbating this froth that the government is worried about. The office might collapse because the price is so much lower. Premiums to price acting. China information technology. Social networking sites. One week prior the premium was 37 . That makes these overvalued areas more effective. Hong kong had an unexpected contraction in the economy the First Quarter. Partially due to lower retail sales involving numbers from china. The citys weakening Property Market so sales tumble to 25 year low in february. It also weighed on the figures. The government is maintaining its gdp forecast. The Prime Minister of japan is theosedly going to postpone Technology Conference due to the impact of the earthquake. 49 people died in komodo. Nintendo is looking to enter the film business. In an interview with the newspaper ceo said nintendo is in talks with multiple Production Companies as a complete its first movie in the next two to three years. It does not indicate what the subject of the first film might be. Is targeting the American Market in addition to japan. With an even bigger headache. The automaker put out its annual profit forecast and is laying the blame at the cost of replacing those faulty airbags. They missed the forecast by 34 . To 3. 2 billion. That was the second year that it has fallen due to the cost of replacing those airbags. Closing something counties around the world. Many more vehicles than actually made last year. Vehicles thane were present before. It includes the negative impact of the airbags. Calculations for the last quarter. Reported its First Quarterly loss since 2009. Estimates of just over 1 billion profit. Increasing 9 . The stronger yen is continuing to affect all transactions. The forecast for the next fiscal year was assuming it will be ¥105 to the dollar. A big difference. 4. 6 billion for this year of profit. That is a rise of more than 30 . Because of their big replacement costs, analysts had in fact estimated that income coming in at 5. 3 billion. You know i miss our schools of interview with the asiapacific chairman ryan storck as we ask the Worlds Largest money manager how it is coping with Challenging Market conditions. Glenn maguire sees plenty more growing pains for asia. Angie welcome back. It 7 30 a. M. In hong kong. China says the United States is hyping up the military threat in the south china sea. Chinas National Defense policy. They say washington is too suspicious. Weaponize ions in disputed waters. Without resorting to conflict. Bangladesh says a Swift Intervention is primarily responsible for the death of the 18 million project. Didnt follow some procedures before sending the money to the philippines. Manchester uniteds end of season soccer match was abandoned because of what is now described as a Security Training device. People were evacuated before remaining fans were told the match would not go ahead. It was explosive device. It can accidentally left in the stadium by private security companies. Angie lets check some other key events we will see this week. On tuesday an exclusive talk with the worlds biggest money manager here in the studio. Talking to black rock ceo larry saying. He is a critic of negative income. Think governments must do to boost the Global Economy. Moving into recession as we see new gdp figures missing the mark. Expecting an annualized growth of 3 10 of 1 . The yen has strengthened double 7 in the first this year. Well find out whether they been able to slug off the slow growth in china. A 34 increase in sales. Also a bump in operating profit. Online game revenues also up. Japan hopes of finance ministers and central bankers for a meeting on friday. The agenda will include sluggish global growth. Has ruled out a discussion of further domestic spending. Trying to kickstart japans economy. President of taiwan. The formula used since 19 92. They say there is only one china but the two sides disagree on what that actually means. Lets discuss all of that in a week that includes these kind of meetings in job numbers. Indonesia and malaysia on thursday. Glenn maguire is here chief economist for the asiapacific region. Lets look at what happened over the weekend. China submitted disappointing data. It does not look like stability anymore. Glenn the key take away we can the momentum that the chinese economy is starting to display in march was obviously unsustainable. Very strong export numbers. The regions trade with the rest of the area. China was relying on oldfashioned stimulus. Boosting the Housing Market in expanding the infrastructure budget. Have a temporary kick for the economy and Industrial Production. One oldfashioned stimulus still works. Sustained ifto be you want to see a stabilization return in the chinese area. That runs counter to the goal of rebalancing. Angie if theyre importing less theyre also doing was business when it comes to the region. The decisions going to be fairly balanced. We also have trade figures coming in for indonesia. Likely to show that exports and imports remain in doubledigit contraction. I think what were going to see is the bank of indonesia clearly the trend toward moving to a new Monetary Policy regime from august 19. I dont think fundamentals are far enough away from the bank of indonesia central view for them to do anything about it. A meetingsia, it is with the new governor. I dont think he will be starting his 10 year with a radical move. Anything that would take the markets by surprise. It is important to recognize is slowing. S growth this is leading to some interbank liquidity problems. The Asian Central bank front. It would have to match with the economy we do that is a risk that a central view. Asian banks are on hold this week. There is still a lot of sentiment growing that it has got to do something. And it might be a backtoback rate cut. Glenn the bank is in a difficult position. And Quarterly Development data. It suppressed the inflation figure. It was not an area where the reserve bank was expecting inflation. The labor market reading this week could be very important. Unemployment has been falling. That is an important dynamic that ultimately should head to a little bit more confidence and a little bit more spending. At the same time this trillion dollar has been putting the reserve bank down. If we were having this conversation one or two weeks a royal bank of australia on hold outlook. But that outlook has changed. Risk now is that the reserve bank is likely to ease in the months ahead. Angie what about the asian bond rally . Glenn to certain extent it is sustainable. It clearly is starting to skew towards lower rates. We have asia and what we call a trade recession. They are experiencing doubledigit contraction seen port and import growth. Especially vietnam. Been in place for the best part of 12 to 18 months. The risk it is more links to a slowdown in domestic and growth. Further centralbank easing across asia. A positive for bonds. The asian bond rally certainly has legs. On a relative basis when we look at the returns that are occurring in other markets specially brazil it does look attractive on a relative basis. Chief economist from the bank. From trash to cash. Provideative way to Financial Access to indonesias poorest people. You are watching first up on bloomberg. The city in Eastern Indonesia produces 800 thousand tons of rubbish every day. It fills up landfill site. The innovative plan is using garbage to get people access to financial services. This may be as close as that seen ever gets using a bank. She is withdrawing money from her counter the trash bank. 102 1000y i have rupees saved. The trash bank offers a way for some of indonesias poorest people to get access to credit. The key currency is plentiful. It is literally trash. Instead of throwing away rubbish and adding to landfills locals can take recyclable items like bottles and paper and packaging where the rubbish is weighed and given a much needed monetary value. Funds also like to have regular bank. They can take out cash and pay back trash. No one has defaulted. From an economic point of view the project is getting results. With the people and rewards for the people. Most of the account holders are favored and many are women. About . 15 per week. They borrow to tie their families over. The local government collects the recycling rubbish and takes it for sorting in a central location. They buy the rubbish and set prices. That means stability for those bringing it in and for the environment selling garbage outside. A little less than seven landfill sites and trash can be turned into eight cash and credit cow. Angie you can get more on all the top stories that are business destination. Bringing together the best of bloomberg news. Digital content allinone address. How hackers try to steal more than a Million Dollars from indonesian banks. Coming up, we speak to the Asian Pacific head of the Worlds Largest money manager. Blackrock. That exclusive interview is just ahead on first up. Angie it is 9 30 in sydney. Here is a live look at the opera house in the harbor where we are watching closely the aussie dollar. It is closing on losses after a disappointing chinese data where the bank reassures investors chinese Monetary Policy will continue to support the economy. We are 30 minutes away from trading there as well as japan and south korea. You are watching first up. Chinas economy resumed the flight to Slower Growth and they they missed economists estimates 6. 5 . Retail sales also miss forecasts over 10 after a rocky start to 2016, chinas economy stabilized and picked up in march. Companies look to the u. S. That want to go private have lost more than 5 billion in market value. Regulatorsns that may restrict their return to china. Shares in the companies plunged at least 20 since may 6 and management left this as they may back out because of tighter restrictions. Sources say chinas security regulators are concerned valuation with the backdoor listing are too high and could affect the market. The cost of recalling vehicles to replace the faulty takata airbags continues. A net income of 3. 2 billion for the year of march, making its own forecast by 34 . Honda will recall more. Another 2. 4 billion charge for the program. Car by over 2400 journalists in over 150 euros around the world, this is bloomberg news. Week. Rt a new trading this after chinese Economic Data released over the weekend missed estimates. Juliette saly is watching this. What should investors be looking at for today. It really is going to be this reaction to chinese Economic Data. They already have a record low this morning. Quick data coming in on europe, they are reacting to positive economic turns out of the u. S. And retail sales and kpi. That did not go through the american stocks. They fell in love with jobs with crude prices. The dow closed 1 , s p down almost that amount. We have a higher u. S. Index up 0. 6 , but the asia index was lower. So that is pretty much with the future is pointing to, mixed reaction coming from markets in this part of the world today. New zealand has opened first, down by 0. 3 . Price,an get the share it will be up 0. 4 . Ainn terra has maintained four year earnings forecast of 4551 45 a share. Ands also confirmed up dividends with june 7. We will be watching a lot of those commodities players coming through today. Metals rising on the London Metal Exchange and global oil prices, even though they fell on friday, were up in the week. We are awaiting data in japan come forwardwill with First Quarter pay numbers as well. Looking at crude prices, this is the branch, up 5. 4 over the course of last week. If we look at the u. S. Contract for today, it was a little 0. 2 , 46. 28. Angie thank you. Well watch japanese banking stocks after the first of the nations biggest blunders released lenders release their forecast. They are predicting earnings from negative rates. We have the banking reporter derek allen with more in tokyo. What can we read from the reporting so far . Reporter good morning. We have got two of the three biggest banks reporting on friday afternoon. A little mistake. One of them did well, they were 5 up on the consensus. Another was down as expected because interest margins have been squeezed further since the bank of japans negative Interest Rate policy was introduced in february. Mitsui did not do as much. They missed estimates by 100 billion. This was a writedown on the bank investment. We also have provisions for the finance business. Looking forward to next year however. Mitsui is reporting they will be down, and mizuho maybe. They are as predicted looking to be a little low next year, and that seems to be because of the negative Interest Rate policy. Mizuho that income for the fifth time in nine years, there will be smiles on the management. Angie yeah, definitely. But the gloomy forecast. What about mitsubishi reporting . Reporter yeah, that was japans biggest bank, coming in this afternoon. We are not seeing any surprises from mitsubishi f j. Mitsubishi f jng is going to come out and revise the way they report earnings. They are rumored to be the Worlds Largest lender to the Energy Sector, as we see what has happened in the Commodity Markets recently is concerning investors. The bank is assuring us that there are not that big problems in that sector. A lot of that sector could be a big concern. All right, live for us in tokyo. We are watching all of that today. Managerse largest many Money Managers blackrock has a conference, and we are a media partner for the event. Lets go to the chairman of asiapacific blackrock. He joins us in the studio today. , chineseppointing week data coming out. We had this sensibility coming out from china. Will this you will concern amongst clients at this conference . Ryan good morning. It will be a topic of discussion. From our perspective we are mindful that growth is going to be slowing in the next years. More broadly speaking as we go , we ma