If the latest data is to be the judge of that. All of that and the second edition of the equities market today. What is going on . We have this Industrial Production that is coming up. We are in fact the last quarter. Fact than last quarter. The steepest decline. A pretty bleak quarter for japan. Abenomics . Ff of the second arrow. The third arrow has not happened yet. Clearly, we have money being pulled out. Exactly. Do we have the issue of people pulling out . The 900 million japanese yen that has been pulled out and only a week in march. That is the most. It shows the impact. The yen has been very strong. The tax rise tomorrow as well. All that is bullish into the markets. Over here, i will try to do. You can see, there you can see. It is below the 50,000 mark. Nikkei, a bit of a concern. If the cb you can see the apex. That is impacting exporters. That is abroad. The Biggest Issue will serve us. Abe has been faltering somewhat. They will get to that figure. 9. 5 billion u. S. Dollars. It is ripped out of the marketplace especially a week in march. Are off abenomics and concern for the foreign investor. Indeed. Angie, it is india. The rupiah rises. It has bottomed as well. Sayingernment is at last that inflation is under control. Checking in on the futures. The close onparing friday. The nifty was up by 0. 8 . What the numbers are looking like. They are building on the gains. Ok. About half an hour, 20 five minutes before Chinese Markets open up. Four percent rally today. Another losing quarter. One bright spot. David will tell us all about. It is a bit of an irony right here. Good morning. I want to show the chart. It is the benchmarks. If you want to compare them to the s p 500 and what is happy in europe. This chart right here. It is not done anything for five years. The reason i show this is not necessarily a market where you would get a lot of ipos. It is not a market where people are looking to list their shares. Window in january, a 15 month ban. Jeff a search you have a surge in those deals. On thosee, 54 return companies that listed in china and you compare those two 9 about everywhere else. We have regulators. What they have done from the start of the year is put in very strict rules to i guess, protect investors and protect any funny stuff when it comes to pricing. A big problem has been pricing too high and it is an art . It is an art. What they have done is if you want to price your ipo above average, you have to disclose early on the risk. It is worthhink much more than that. Companies. Ipos, thealking very cold part of china. In the northeastern part of a rtland known for its its four its ice festival for its ice festival. Pricing is interesting. It is at the bottom of the range. 290 per share. You compare it to europe and the been how much money has raised in asia. Well have a graphic on that. 70 billion has been raised. Anyway, lets see how it goes. We will see what happens in 30 minutes. Thank you for that. David ingles. Other stories we are looking at. A large Corruption Scandal in china. The center of the investigation, the former spy chief. Hundreds have been questioned or taken into custody. Say more thans 14 billion in assets have been seized. Relations with china is being denounced by hundreds of protesters. Police said there were about 100,000 people that organized. Million tookf a place. The rally was after the president refused to show the deal that would help the industry. Protesters are turning to bangkok after a period of relative calm. Calling on the Prime Minister to resign. All of the concern about violence since the Constitutional Court decided to annul the general election. The australian Prime Minister said there is no time limit on the search for the missing Malaysian Airliner. It contains in perth. As, we are into the fourth week now and we still know so little. Aboutalmost know nothing where, how, and why the airplane went missing. The operation included the australian vessel is has been fitted with an automatic vehicle and that is to detect the airplane. Time is running out. Axes areow, the black battery operated and they last for 30 days. Today is day 23. Australia said if they do not get a location, they have to slowly use sonar to get an image. Here is tony abbott. We are well short of that point. To the grieving families of the 239 people on board and we owe it to the all of the countries that have people on board the aircraft and in particular the malaysians who are our friends and partners in this regional wide search. We owe it to all of them to do what ever we can to get to the bottom of this mystery. Captain . The the simulator, they took it away. Try to get some of the deleted data. Do we have anything new on that . Technicians are still working and tried to extricate data included the pilots Digital Media including the simulator. Analysis of according to one u. S. Official who did not want to be identified. The official said no smoking gun. Nothing sinister was found. They spread the fbi to be done in a week at the very latest. They expected the fbi to be done in a week at the very latest. The majority of the passengers were chinese and an emotional reaction. We have seen how they been demonstrating against the malaysian handling of all of this. Has there been more of this . More of that. They are venting their anger and are demanding their truth. They are demanding an apology from the handling of the search. They are unhappy with the promise of the statement that the plane crash and the southern indian ocean. The families were flown to hours ofnd within their arrival, they held banners that said we want evidence, truth, dignity and give us our relatives back. You can see pretty strong words. The planes disappeared disappearance has sparked anger. , somets of Malaysia Flight booking website have suspended Malaysian Airline flight. Haslinda, thank you. Up next, manufacturing unexpectedly tumbling ahead of the sales tax rise. Said thatxt guest japan is riskier than china. Japans sales tax kicks in on tuesday. Our guest said it looks more risky china. The managing director. He advises asset and portfolio and funds around the world. Japan is more risk your the china . Tell us. That is what we are seeing right now. All that we have tracked is saying the volatility around 23 . Hot spots like china, thailand, you mentioned india earlier which is doing very, very well now it even and even korea. They are down the 12 14 range. 23 , russia, they have a higher risk than that now. Off . E the wheels coming at the moment abenomics is proving, it is illusionary at the moment . Is some ofy, it that. When we see a rise in volatility, people feel they have something to lose. In japan, that their county and japan all of last year with the rise of 51 that you saw. That makes them nervous. They are not considered absurd arrow. There hoping for another round. If that comes, they will stick around for that. It feels like a sick person going to the hospital and feeling happy and looking forward to the medicine than the cure. That. Does seem a bit like getting another injection is not really going to help fundamentally do something about operating numbers of the nation. Over thelking about years, japan has changed the growth, hasnt it . Are. Ey certainly there are reform to have to be done if they want to turn around for the long term like labor reform and immigration reform. Those things have to come through. Even their Corporate Tax issue which i thought was fairly easily to tackle has not been tackled yet and that needs to be happening or it will not be effective. If not to japan, then aware . Where . The question. Your hotspots popping up everywhere even china. People are nervous. The situation where the government might put it money for stimulus a it is the medicine rather than the cure. It has been built into the system. People would likely to see it tackle and that is not likely. Like argentinas and brazil or russia where there are placebos being applied here and there to some of the fundamental problems in the economy. People are a bit nervous and we are seeing that in the data. People are switching a way from growth into value stop. Away from high volatility and sticking to low volatility stocks. Lowng from large gaps to gaps. They are building strategy. A weary eye to the downside. You shoulds in a why not be investing. The developed markets which has been all year, hasnt it . It has. Even though you have ukraine going and turkey and thailand, the ftse emerging markets, the risk has been steadily declining since the start of the year. Overall, people still seem to think the merchant market as a whole, as a broadbased investment seems safe. And all of these hotspots are isolated and nobody will touch russia or turkey for a while or touch argentina. Other than that, the emerging markets as a whole, it seems to be pretty stable. Is, this isent then the time to be going in there. They be weary. And be weary. It will be a bobby ryan. You have to pick and choose carefully. There are opportunities. You have to be ready. Yet risk tolerance for this one. Olivier, great talking to you. Companies planse to handle the new sales tax. We hear from one of the big retailers. That is coming up. It is a monday, march 31. First of all, a heads up. The bank of india announced a alicy tomorrow based on survey, we are expecting them to keep rates unchanged. Tomorrow, australia is expected to keep the cash rate at 2 . There is chatter out there not to rule out a surprise. Over to south korea. Account balance for february showed yet another surplus topping 4. 5 billion u. S. Dollars. We have seen a surplus every single month going back to january of 2012. Staying on the theme. Thailand, the political standoff has claimed its latest victim. The secretarygeneral has company ishat the starting to delay new spending as uncertainty theyre given athos standoff continues to cloud given the continued standoff continues to cloud volatility. Onemonth chart you see right here. First backtoback weekly losses we saw last week went back to november. The ecb and the fed. The aussiethe theme dollar. The chart i mentioned. I also want to show you the kiwi. At little bit of strength. Relative to each other, this upry has been about the kiwi for one month. If you look at the two year chart, pretty consistent picture we are moving closer and closer to it is about the policy between the rba. Betweentive difference how the countries are doing at this point. Very quickly, wrapping up the First Quarter. The japanese yen. The First Anniversary of her akoda, stimulus from h that weakened the japanese yen. It is sticking so far. Tomorrows sales tax kicks in. Those are your stories. Japan will be raising its sales tax on wednesday full on tuesday. They could be Prime Minister shinzo abes biggest action since taking office. We talked to one of japans richest men. He runs ecommerce firm. Japanese market is in the longer term going to be gradually shrinking, so it is natural that Japanese Companies will be, more aggressive for expanding their business overseas. Automobile, have been very global for business. To moreoving pharmaceuticals and services and retail. Tose companies are trying tailor their business overseas. Challengingeen a for Japanese Companies to theire a company and manage integration. But now, gradually they are learning how to do it. The japanese executive is becoming more international. Add more japanese people accepted on the board. I think they are becoming more and more global. Not just doing this is by Japanese Companies but the team itself is becoming more global. Theres a higher chance of them becoming more successful in m a and more ready to the, global . To become maybe more nonjapanese. We have to take a break. Looking at captain america called. To the rescue. Why what internet site is recruiting the marvel superhero. Looking out of the windows of our offices and in the studio. This is the scene at the moment. It is a bleak. It looks better than in real life. Gusts of high wind. And there could be hail. Advising members of the public to be on alert. Green on the screen. Stocks are rising across asia. The First Quarter comes to an and. Talks but no agreement. Russia and the u. S. Discuss the crisis and the ukraine. Conservation. The threat facing the Worlds Largest living thing. Day of the quarter. How things are faring. Back to john. We are seeing it is dark outside. There are games. The Market Sentiment today. There are gains. Kicking into action. China is a behind. China is behind. The forecast encouraging lending. It is widening. The demand for loans because of the chinese a slow down. It squeezes down. Japan up by also one percent. It is marginally lower. Australia is all. Arean after the protests quite stable. Some gains in malaysia. China is seeing slight gains. Individual stocks. This is a construction. The 4 the big banks. These are three of them. Earnings last week. Bank of china. These are the three to watch out for. Construction, the key ones. They have beaten forecast. It is encouraging. The wider lending plan. Key looking at one of the ones. One of the biggest ipos visit year. Opening right now. Day for the trading far north of china. Just moving slightly to the up side up by 0. 3 . Just shy of 1 billion. Bloomberg industries analysts is it has been taken fairly well by the investors. They may be can go a little higher. Given the returned they were looking for. It was not the case. 27 let me give you a few facts. If you take a look at the other commercial banks and china, they last friday. Where now, it is eight times. As other banks, they share a lot. The other day was like [indiscernible] underperformed both hang seng and china financial index. Will wait and see. The chinese pains are part of the chinese stock store if there is a one. Is one. Story if there better thaneased expected up on the market. Not just markets but also bank of japan last week. Banks have the big 4 2013d substantially in because of the time and 20. Uity. Cause of the time eq we do see banks that are worseing from very low, performance, not just margins. Atit opens, they will lose will never, back. We shouldk and front, not do see a lot of a worsening. Seng, is the dividends are stunning. That is true. That is the problem. Giving encouragement into the stock. You cannot argue with return on equity. Not at the moment, we are seeing 19 . 22 in some cases. Lets look also in the name. We have ecb in the mix. That has been for a while. They are not trading. Not the moment. Icb as well. Icb has been for a while. We know the big 4 banks. It is a big one. We see how much bigger icb will raise up for. Only by a tiny state. Great talking to you. From bloomberg industries. Some the conference stories we are following for you. A retailer could be heading to a listing in the nyse. Board. Idering the big in addition to tokyo, it trades on the nasdaq and hong kong earlier this year. And a summit may be ready to spend. Panasonic may be ready to spend. They went thats over 10 billion and it will be on automobiles and housing. Qualcomm has been struggling. It is about to change. They are going to get a boost from china mobile. That means stronger demand. China mobile had been using its developed locally. Those are your top headlines. One of chinas original video heroes will go to the rescue of a slumping stock. We are talking about the youku. Am i right in described it that way . You certainly are. They were won the first sites that have been successful. Successs not seen a log in the stock market has not seen a lot of success and the stock market and it is listed in new york. To arrest those stock slide and get out of the competition like in baidu, they are seeking an unexpected course, captain america. I do not know captain america. It is a marvel character. You are right on. It is an american super hero movie. Forces with a disney to build its market share as spin off the bigger rivals and has signed a deal to cosign it moves like this one. The latest version, we saw its stars coming to beijing. Johansen and samuel l jackson. The premier, part of the strategy. To better compete with a baidu. Part of this lucrative video online space estimated at 3 billion this year and perhaps captain america will come to the rescue for youku. Anyway, thank you very much. Now, lets take a look. The next few days. The japanese consumers. They had to tighten their belts because we have the sales tax hike kicking and all tuesday. Debtof trying to cut the burden which is the largest in the world. Chinas crackdown on lavished banding. The luxury retailer is given is reporting on wednesday and analyst are sent little change. Hawaii betweenin the u. S. And it is winding up. It will be the pan asian response to the missing Malaysian Airline. Territorial disputes in china in the region. Hagele secretary chuck may visit you as bases and discuss u. S. Basis and discuss moving the base. That is before he goes on to mongolia. Friday is seen as the latest job data from the u. S. And the Unemployment Rate is expect to drop to the lows and a five years. What else you can look forward to. Yang yang sent this. 2 multinational corporations will face tough question on capital how cap the house this week. The first is caterpillar. It will be under scrutiny. That afternoon, General Motors will be the topic of a house energy. Whyommerce it took of the company who more than a decade to recall more than one million automobiles linked to at least 12 deaths. Internationalday, Monetary Fund managing director e will deliverrd her speech on the state of the global economy. Reporthead of the imfs earlier in the week. Developers could be in for a new release. Microsofts annual meeting, it will unveil its latest iphone. It all culminates with the marchs job reports. ,000 jobs were added. And the Unemployment Rate will drop to 6. 6 matching what it was in january and the lower the rate wouldve seen since october 2008. While all of the week we will have all of the weeks news for you. But change in crimea. Crimea moves even closer to russia. The u. S. Secretary of state and his russian counterpart held talks seeking a solution to the crisis and ukraine. Sergey lavrov is stayed as saying it should be a federation of that chooses is on language. A described the talks is very, very constructive. Its ties toemente