It is about japan once again. Certainly is. Not its credit plan one on one percent on forecast for the Third Quarter. The yen is at 103, that is the reason why you are seeing dramatic gains from exporters today. Goldman sachs also help that. New zealand and australia marginally lower. Japan is the one to watch right now. Are i mentioned before yahoo japan. A buy from Goldman Sachs helps that. P by 8. 2 , upgrading goldman really backing yahoo japan. You have these also rising as well. In australia, we have qantas falling once again. To junk lastrade week after the last forecast. Virgin australia falling with that. Singapore airlines is marginally up. Unemployment rates falling to seven percent and china, exports beating forecasts. Good. Igures, japan not so thanks, john. Bought more europeans bought a lot more. Good morning, we are talking 33 point 8 million for the month of november. If you take a look at the exports, europe beating analyst estimates, rising from a year earlier. Imports rising less than china did5. 3 , but import a lot more iron ore. They are the Worlds Largest consumer of iron ore that is used mainly to produce steel. Assaw that at a record traders were punishing existing stockpiles. Analysts are pretty happy with the export figure, not so happy with the import figure. They say it shows that global activity is picking up but imports show softer domestic demand. Bottom line is this, this does pave the way for the Chinese Government to reexamine its focus on internal and domestic consumption. They got the export part of the equation correct. Can they work on the imports . Can they rely less on that export what the u. S. , south korea and european economies consume and really rely on getting that consumer to spend more and consume more . Numbers. Get inflation that is due in at just 30 minutes from now. We are expecting cpi rising 3. 1 for the month of november. That is falling from the month of october. Take a look at pbi as well. Continually falling. Negative one point five percent is the estimate in my with what you saw in october. Consistentlync. In that 1. 5 range. Thanks all for that. Stay with china because it has been reported that an additional 5 wall st firms are under investigation for hiring practices. New york times saying regulators have widened their inquiry as to whether jpmorgan broke anti bribery laws. Last month the bank and it plans to manage China Everbright ipo amid scrutiny. The wto celebrity a landmark deal that could add 1 trillion to the global economy. Subsidies on food dropping opposition to a deal. President obama praised the agreement which is a first in the 18 year history of the wto. Analysts say it will do more to salvage talks then Food Shortages and help global commerce. To basically out get an agreement among all of us since 2001 or even earlier in 1995. We have not been able to get an agreement. That is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. This is not so bad. We are also waiting for official results from indias state elections. The opposition has be seen at the big winner. Beginnal state will counting today. Pauls point to the National Vote which must be held by may. Lets have a look at the prospects of the trading week over there and what happened on friday as well. It was higher by about 0. 3 . We could be building on that. A group of investors is said to be considering a bid for the qantas fleet. That would offer the struggling carrier a cash lifeline. Lets find out more. Is this proposal exactly . I am assuming it is going to be exactly. These are fairly common transactions in the airline industry. Qantas already has a fair amount of its fleet sold, about 2. 9 billion according to its latest reports. There is another 7. 2 billion there. Wooleyoup led by greg has been involved with qantas for a while. Been in globally aviation Asset Management. He was involved with some of the group who was launching the 2007 takeover of qantas. E has proposed to come forward that would offer qantas a good bit of cash upfront which is going to be helpful after their Credit Rating was cut to junk i s p last week. The problem would be their leasing cost would rise as well. You give with one hand and take away with the other. We knew that the airline had problems here, but this news we had last week highlights what went wrong so quickly for qantas . Exactly. Athink it is worth looking the history of competition with Virgin Australia. Virgin australia is the second ranked carrier in australia and it is led by a person who work for qantas before leaving about nine months after the new chief executive in 2009. He has really taken the fight to qantas. There is that old lesson that you shouldnt attack your opponents weaknesses, you should attack their strengths. Qantas had a very strong domestic market. They had a virtual monopoly of it for nine years. It has made about 450 million of profit a year from that. Virgin australia has taken that head on. It has had a fair amount of assistance from its major shareholders. This has been the first to complain about this. Several International Airlines compete with qantas on an international rate. That has drained qantass drumstick domestic business. Lets talk about the government here. Qantas wants them to help out. Is that likely to happen . Qantas is something that has been lobbying the government about. They email their staff last month telling them, go to your mps and complain about this. We are not fighting on a level playing field. Their complaint is that Virgin Australia has these International Shareholders that are able to provide a bit more cash for them to continue this fight. Qantas isnt allowed to have International Shareholders in that way. There is an act dating back to 1992 that says 49 of the airline can be controlled by foreign companies. Qantas says they want to level the playing field. The government has said, what does this mean . We want more specifics about this. There was a recent comment towards the end of last week that it is less likely there is going to be much benefit forthcoming. Those sorts of talks, it is very hard to know what will come of it, but the Prime Minister has said, we are not wanting to get into the business of Underwriting Companies and providing too many guarantees. The labor opposition is very opposed to revising that qantas sale act. I imagine they are still hoping for some support from the government but the opportunities are looking increasingly narrow. Thanks for joining us. To south africa. The country is holding a Memorial Service for Nelson Mandela in johannesburg tomorrow with at least 200,000 people expected to attend. This is all ahead of sundays funeral in the village where he grow up. A special program called remembering Nelson Mandela where his guests give us their memories and anecdotes. Whenat was interesting they spoke about him, they rarely talk about his politics. What they talked about was his character as a person and how dominant a physical presence he was. People forget, he loved sports, he loved boxing. He used to practice boxing in his jail cell. He loved to follow the races. By all global sport, followed it closely. He wanted the guards to update him on various sporting events. You can catch that program right here on bloomberg later today. Remembering Nelson Mandela at 1 00 p. M. And 11 00 p. M. Hong kong singapore time. Betterthanexpected jobs numbers from the u. S. Getting shares a boost. Do these gains have legs . We will be trying to get to the bottom of that next on on the move. Quarter past eight in the morning in bangkok. These are live images from the street. This coming of the Thai Government has urged the opposition to consider a referendum after thai mps resigned en masse. This is what we have at the moment. Yingluck shinawatra offering a referendum as protesters plan what some are saying is a final rally here. The government is willing to consider all options on protest taking place right now. Lets get back to the market action. Stocks rising for the first time in four days. Manfred is Senior Investment were getting to 2014 2014, i want to get a view from view from you about what you would have been saying about 2013 and what surprised you in the year. Things thate many didnt turn out the way we expected. There were a few surprises. I think the one factor that really went the way we expected it to work global equities. U. S. And european equities, we did expect them to perform strongly and they did. The surprise for us was really in some countries here in asia. Asian equities is one example. The equities market has done well despite a risk and roller coaster ride around september. The Second Surprise was on high yield credit. We were overweight but our expectation was that we would spend the year it largely clipping coupons. Us, that was a positive surprise. A surprise nevertheless. Ahead and see what you are going to be looking at for 2014. I think you like Japanese Equities which surprises me given the 50 runup to have seen on the nikkei already this year. Before i get to Japanese Equities, the broader theme we are looking at in 2014 is really one of being agile. We believe we might enter the year with more of the same but we believe it will be a year where investors may need to be nimble. Japan is a great example of that. Equity markets up quite strongly , but think about the policy environment that the bank of japan is committed to. That may yet mean more upside. When itlieve comes to Japanese Equities, we think a trailing approach may make more sense. Getting in when the shorterterm policy environment looks attractive and not being afraid to take profits and looking for another opportunity to reenter. 12 monthsee it as a overweight type market. It might be too volatile for that in 2014. , surelyoped markets there should be something on the other side of that trade. A few months into the year, the way we look at it is that the rally this year has been multiple expansion. That has been driven by expectations that growth and earnings will be better down the line. Approach theing to point where Economic Growth and earnings will need to deliver. That is why we may enter the year with a continuation of the rally we would have been witnessing this year. At this point, markets are likely to begin questioning that. When we come to the end of 2014, we might be sitting back and saying the economies did eventually deliver. There are likely those who will doubt it. There are a number of risk events. Inhave the fed, the ecb terms of disinflation risks. We dont think it will be a simple straightforward ride. The first few months might feel like more of the same. One of the readthrough as we had, that chinese trade data earlier today tells us that export markets are in demand. People are spending. Thatere aeadthrough from , that you switch away from the defensive side of things and play this recovery story through buying cyclical . Yes. Global equities, yes, we believe in a cyclical stance. We believe that much of the year in 2014 is likely to be more about cyclicals. In china specifically, there are a number of other risks. We have a neutral view on china and that stems from the fact that there are places that look attractive but also a lack of catalysts. If you look at exports, lets put these in perspective. They beat expectations. Consistente really with a tone that we have seen over the last few months, stability rather than acceleration in growth. What the markets are concerned about are the key risks that may come from the policy reform environment. Many of the measures from the third plenum are positive. But they do raise some questions on soes which ought to be part of the index. Attractiveat valuation may be a reason to continue holding some chinese equities. What we are struggling to find is a catalyst to drive those up in a big way. The data may not be sufficient to cause it is really about more stability than anything else. Great talking to you. Were going to take a break. Coming up, we get you to these images on the streets of bangkok. Thailands Opposition Party quits parliament. Protesters tried to topple the Prime Minister. This is the scene at the moment as the protesters plan to march tooling you lock to Yingluck Shinawatra residents. More coming up. Before things get underway for the week here in hong kong. Shanghai starts off its trading day. Whatever look at the futures and how they compare to the premarket which is up by 1 . We are seeing gains. Equity markets are being lead higher across the asiapacific. The japanese rally continues. Lets have a look at some of the stories making headlines around the world. We have these images coming out of bangkok where the crisis in thailand escalates. The main opposition resigned en masse protesting what it called the illegitimacy of the government. They claimed parliament is no longer accepted by the party. This comes as antigovernment pushsts prepare a renewed to topple Prime MinisterYingluck Shinawatra. They want to elect her with a popular counsel. Replace her with a popular counsel. Any option that government can do under the constitution and anything that follows by the law, we are willing to work with. Our doors are open any time. We hope that one day people will understand the passion from the government. South korea is expanding its air defense sewn in the East China Sea adding to regional tensions sparked by beijings similar move last month. The u. S. Vice President Joe Biden discussed the issue when he visited seoul beijing and tokyo last week. North korea has brushed kim jonguns uncle out of the documentary. Camera,e closest to the over the weekend, the shot was tighter. The shot removed him effectively. Other footage has been changed to remove the man who was north koreas secondmost powerful figure. Pyongyang confirms that he has been purged, charged with corruption, drug use and other antistate acts. Thick fog is forecast again today with visibility down to less than 20 meters in places. Conditions have been like this for nearly a week printing an orange alert for severe weather. This is chinas secondhighest weather warning. Closurehas caused the of several expressways and left many stranded on the side of the road. We have to take a break but coming up, we are taking a look into abenomics. The japanese Prime Minister calling for talks with beijing to lower territorial tensions. We go to our exclusive interview with shinzo abe coming up next. Moving higher, taking asian markets with it. The nikkei up i nearly 2 now. China enjoys its biggest trades in two years. We get the latest inflation data and shinzo abe holding talks with china. We have our exclusive interview with the japanese Prime Minister. Without further ado, lets have a look at what is happening with your money right now. Japan leading advances across the asiapacific. It is not clear cut. We have betterthanexpected jobs news out of the u. S. Which added to optimism which has carried over in this part of the world. It certainly has. 3 thousand, better than forecast for the month of november. That was very encouraging. Exportshave the chinese and also chinese trade better than forecast. Not so good was gdp from japan having below estimates. But look at the reaction, the yen in fact boosting exports. You have the taiwan markets up by more than 1 . Hong kong up by almost 1 . Gains are financial. More on that in a minute. There in the china figure, really a strong foundation. To the opening for china, hong kong so far a lot of green. ,asic materials, consumer goods tech stocks rising 3 . What is happening there . Computer Services Rise 2. 2 . We look at the details, only one go back to tech equipment. One stock theyre clearly rising. Lenovo is again seeing gains. If i could also mention other stocks in japan and also australia, they have the week yen really pushing up there. Casio, yahoo japan come a saying itchs and ubs is a top pick for 2014. Shares rising 7. 5 . Akuma also seeing gains. Breaking news in china. Inflation numbers coming up for november. More benign than had been expected. We have a 3 handle here. Economists we are talking to said they would come in about 3. 1 . This is slightly lower than the october number at 3. 2 . Things,roducer side of that shows that prices are not falling quite as much as they were. In october it was 1. 5 down. Analysts suggest the november number would be the same as that. Cpi, 3 at last month. Lets get you up to speed with some of the stories which have been making individual corporate headlines. And here areaini the days top company headlines. The Virtual Currency bitcoin lost 1 5 of its value. That is after chinas largest Search Engine i do stopped taking the virtual money. The pboc says bitcoin is not a currency with real meaning and cant enjoy the same legal status. The company that tied up asias biggest ipo of the year is putting its buying spree on hold. Suntory beverage does it will take a break from m a for 12 months and wants to boost its current businesses to catch up with bigger rival, coke. Some tory says its next focus will be on vietnam and indonesia. Qantas may be given a lifeline with a group of investors said to be mulling a bid for its planes. It says the consortium has commitments for about 1 billion and may offer a deal. S p also cut its rating to junk. That is the hours top company news. I am mia saini. The