Go, go, go pokemon. Line pricing its ipo at the top of the range, just under 33 each. Billionuld raise 1. 1 as trading begins later this week. Fresh from a resounding upper house election win, shinzo abe putting his focus on the economy, promising swift stimulus measures. You can let us know what you think of todays top stories by following me on twitter. Dont forget to include trendingbusiness. Asan markets tracking higher we see a decline in crude prices. The marketook at action in singapore, taiwan, and malaysia. Juliette good morning. Joining in that positive sentiment across the region. Malaysia slightly higher, a 10th of 1 higher. 1. 2 , no stocks in the red on the open. Taiwan adding 1. 5 . , onlykkei 225 up over 3 one stock in the red. We had that convincing win from shinzo abe Prime Minister over the weekend. Overme minister shinzo abe the weekend. Gains, hold onto these the best we have seen in three months. Panasonic leading the nikkei 225, up by over it 6 . J. Front retailing up by 6 . Korea, andmove in some gains in australia. Confirmation that them up in Turnbull Coalition will remain in power. By materialup, led players. Most of the oil players looking good despite the fact that crude has started to fall as drilling picked up in the u. S. A quick look at some of these movers, 23 for nintendo. These are the Energy Players i was talking about. Space, up by 3 , so certainly more movement back into gold. The fact we are still seeing investors a little bit on the intoines showing a move the safe havens, have a look at the yields on the 10 year note, the australian yield higher, up by 1. 9 . Japan still and negative territory, even though the arrow is pointing higher. Angie thanks. Chinas deflation threat is subsiding as factory gate deflation eased again last month. We are crunching the numbers right now. Ppi fell 2. 6 in june, meaning inflation has persisted for 52 consecutive months at the factory gate, but that does not tell the real story. Ppi deflation has eased for six consecutive months, represent the smalling drop in prices since late 2014, the recovery driven by a firming of oil prices and other commodities and a rebound in property sales. Less negative Producer Prices profitsonger corporate potentially, and that means more pays to repay loans, salaries, and fund capital spending. It means lower real lowering costs. Themberg intelligence said 3. 3 increase in ppi year to date has done more to lower real borrowing costs than the entire pbocs easing regime of six Interest Rate cut so far. As for consumer prices, cpi remained benign in june as prices rose 1. 9 on cheaper vegetables, fruits, and eggs, but food prices are expected to rise again after i about of extreme weather that hit china, severe flooding and the typhoon this weekend could damage crops and disrupt transportation. Secondquarter gdp numbers are due out this friday for china, expecting growth to have slowed to 6. 6 from 6. 7 in the first quarter. Expect and easing buys to remain, but authorities are unlikely to unleash new stimulus with the inflationary pressures i spoke about. Bloomberg intelligence says the easing of deflation at the factory gates is doing the job for the pboc. Angie thanks. The wait is over for australia after a tight election with Malcolm Turnbull to be officially sworn in as Prime Minister next week. Malcolm turnbull claimed victory eight days after the polls closed despite both still being counted. More, lets get over to paul allen in sydney. How clear does that do the Election Results look . Paul it is unlikely to change dramatically. Votes will continue to be counted for a few more days, but the coalition has 76 seats. 77, whichet up to would give them a two seat majority in the new parliament. It is not much, but it is enough. They also have the support of independents if they need it. Bill shorten called Malcolm Turnbull on sunday to concede to over. So it is however, we will have a weaker government and australia, so the concern remains that it will mean not a lot of action on the policy front and could mean the deficits just keep on getting wider. S pe what about this putting australia on negative credit watch last week . It made headlines, but it seems the markets are shrugging it off. Paul no, they didnt blink, did they . We see all strays bond yields continued to slide, so there is still the man there. If we look at the asx, positive territory as well, up more than 1. 6 , although less to do with the end of Political Uncertainty dan the first opportunity to react to that u. S. Jobs report. No, not a huge amount of concern over whether where australia will be headed politically. The markets are shrugging it off. Angie thank you for that. Paul allen live in sydney. Lets look at some other stories. Line had set its ipo pricing at the top of the range, shares offered at ¥3300, 32. 84. That would see the most popular instant messaging service raise 1. 3 billion for its dual listing in tokyo and new york. Last week, line raised its price range despite the brexit vote. Warn globalinisters crossborder investment may fall 10 to 15 this year. The ministers met to discuss bowls efforts to facilitate world trade. They also talked about overcapacity and steel and other industries, saying it is causing a negative impact on trade and workers, but also an issue that requires a response. China has said it has taken steps to cut excess steel capacity. The g20 ministers also said the impact of the uks decision to leave the European Union would be short term. Ministervoters gave by Prime Minister shinzo abe a convincing election. His Coalition Partner had 13. Theould look at revising pacifist constitutn if he gets a two thirds majority. He has been an advocate of constitutional change, but has avoided the issue, saying the economy remains a top priority. He said the party will be to push ahead with Economic Policy and indicated he will try to boost Economic Growth through spending. Lets take a look at how shares of nintendo are doing right now, up 23 , rising for a second session. They jumped as much as 25 today, hitting the daily limit. Biggest gainpanies since its listing in 1983. Its pokemon go mobile app has climbed to the top of charts in the u. S. And australia. Later and theup show, getting in the game. Chinese firms are putting billions into soccer. We will break down the record deals next. A vision for water, live in singapore as the city hosts International Water week. This is bloomberg. ,ngie 9 12 a. M. In hong kong these are the latest first word headlines. President obama has warned that americans protesting against Police Violence remain respectful or risk undermining their message. To spain,n his visit the president said rallies in many u. S. Cities were legitimate, but called on any violence against officers, calling it a reprehensible crime. Last weeks Police Killing of two black men were followed by the murder of five Dallas Police micah johnson. Truthful andg a isious and respectful tone americanhelp mobilize society to bring about real change, and that is our ultimate objective. Angela merkel says she firmly expects the next uk Prime Minister will honor the brexit vote. The chancellor told a network that she is dealing with reality and expects the withdrawal application under article 50 to be filed once the new Prime Minister is chosen. She says there is no a urgent need for eu reaffirm, saying it was a british decision to leave. Indias top test deal searching for a partner after the brexit vote. Firms over as with possible joint venture. Ta is reviewing after four companies pulled out after the referendum. The u. K. Government says it will help with the sale as it looks to protect 15,000 jobs at stake. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Angie more than 600 Million People around the world lack access to save Drinking Water according to the world bank. This and other issues are being discussed at the singapore International Water week right now. We are there. It. Ou said water, water everywhere, yet half the worlds population faces water shortages, and they say the war of the future will be overwater, not oil. Good to have you with us. How quickly is the situation deteriorating . We talk about Climate Change and talk about the co2 problem and increasing temperatures and things that are going to happen in 100 years, but the matter of the fact is that countries most vulnerable are facing already very severe problems be a droughts, lack of water, and also flooding. Have beene experiencing in Southeast Asia and china, flooding problems. Two years ago, we had severe problems. Youre saying its making it worse for the water situation . Absolutely. We are already facing the problem and have to tackle it. Yes, we need to become more resilient. The poor countries of the world are the most vulnerable. They have to increase their capacity to cope with these problems. You touched on china, the Water Pollution in china is at toxic levels across the country. The government has said it will name and shame. Is that a good enough initiative or does more need to be done . China has that followed the process that most of the developed countries that have their rivers very clean did. You take for example england or the u. S. Or france. They started by giving audible water to the citizens and collecting sewage, then treating the sewage. This is basically what china is going through, a process that all these developed countries went through, so i think the Chinese Government should certainly be investing now in treating the sewage using more Efficient Technology than these other countries used 3040 years ago. That it is more difficult to track the quality of water as opposed to the quality of air . That makes the situation even more complicated. Is not and the treatment an inexpensive process, so a lot of Financial Resources have to be devoted to controlling water timetion, and at the same the emerging economies, they have other important investments , in education,ke and health, energy, so on and so forth, so it is a very complicated problem in deed. Us to the issue of funding, crucial to solve the water issue. You are suggesting that the green fund, which is used for environmental issues, should be used for water as well, that water should be included in it. Absolutely, and when we talk about Climate Change, we are saying the impact of climate is not a matter of temperature. Higher temperatures are more amenable for those who live in cold places, but the problem is water, so the fun has to be fund has to allocate some part two society to become to society to become more resilient. They have to freeze their capacity of storing water in order to face this longer drought, and also they have to be more resilient to flooding by constructing dikes that would protect the population. So the time is now that the climate fund thinks about adaptation. Im not saying we should not be concerned with mitigation. That is the longterm. In the shortterm, we have have to do something about adaptation. Having the fund is one thing. How the fund is spent is another. Innovation seems to be the way to go. If you look at countries like no proper water supply, now close to being secure in its water supply, and that is through innovation. We have not seen enough of that. I think you have an excellent point. I think technology and innovation are fundamental to of waterhese problems supply, sanitation, so on and so forth, but at the same time as you mentioned, we have to be sustainable in the long term, so we have to have in place the proper governance, the institutions, and the capacity of the technicians to maintain and to operate properly the system. Of course, if there is no money, there is no music, so you have to have the financing. Ar singapore, that is wellestablished economy. Thatave the funds Southeast Asia, africa, and latin america and will need. Innovation, technology, and governance are the three most important. Saide egyptian president water is the issue that will make egypt go to war. Of wars the risk happening overwater . If we do not have the proper management, yes, we have a risk, but what we are doing here through meetings like this one, through the world water forums the council organizes every three years, is to motivate the politicians, those who make the decisions about the importance of water and its proper management. There is enough water for everybody. Its just that you have to manage it wisely and efficiently. We thank you for your insight. You heard it. There is enough water, but we have to manage it. Angie absolutely. Coming up, a vote of confidence, live in tokyo as the focus turns s stimulus plan after his upper house election. This is bloomberg. Trendings is business. Has promised within bold economic measures after winning a convincing victory. Britt miller is joining us live from tokyo. Put this election win shinzo abe in a stronger position to move forthwith his stimulus plans . It certainly does. It looks like he is heading for a two thirds majority in the upper house, but the question remains, how will he use that majority. Has been in power since december 2012, so he has had ample opportunity to implement his policy. The question is will he use this majority in terms of changing the constitution for defense issues or whether it be for abenomics and furthering his reforms . A halfe past three and years, we have seen a lot of action in terms of Monetary Policy. The bank of japan has spent a lot of money and bought a lot of assets and government bonds to help stimulate the economy. The government has spent quite a lot. Ofcome to that third arrow economic reform, and that is the question that we will have to see in the months and weeks ahead, whether he will knuckle down and do more in terms of economic reforms. Thing. That is the there are a lot of calls for fiscal stimulus from shinzo abe, including one of his closer advisers calling for a ¥20 trillion boost. Are we going to get it . We will certainly get more stimulus. Will we get ¥20 trillion . Im not quite sure about that. Estimates for tax revenue have gone down. The government has spent a great deal of money, or at least earmarked a great deal of money for the areackage in southern japan struck by earthquakes a few months ago, so where will the money come from . Is ¥20 trillion realistic . Im not sure about that, but there will be a large package. We certainly will see more spending. The question remains how much that will be. This is still an economy that has contracted in five consecutive quarters. What are the challenges that remain . I would say the list. With the yen being quite weak in the early years of abenomics, that gave headwinds to the economy and government, but with the yen around 100 to the dollar, we see a lot of pressure on exporters and see a lot of pressures on business sentiment. Angie thanks for that. Live from tokyo. More from tokyo coming up next. Why american investors are losing faith in abenomics. This is bloomberg. Angie the top stories trending this hour. Bouncetocks tracking a on wall street after strong u. S. Jobs report. Japanese shares surging, led by industrial and mining shares after shinzo abe hinted at further fiscal stimulus. Crude has swung back to losses. Nintendo shares, check it out, they had their best day. It went public in 1983. , shares touched the daily limit of a 25 gain as a result of the augmented reality game, rocketing to the top of the mobile app store, although there are reports that some players are suffering real life injuries. We have messaging app line setting its ipo, pricing at the top of the range, shares offered at ¥3300, the equivalent of 32. That would see japans most popular instant messaging service raise more than 1. 3 billion. Juliette a very busy day in japan, that very solid game and the nikkei. Lets get to these opens in hong kong and shanghai. The hang seng up by 1. 8 on the open, only to stocks out of 50 in the red at the moment. The shanghai composite up by a third of 1 . We had that ppi number come through over the weekend, sing factory gate prices ease a little bit, deflationary pressures easing, some Good Movement on the open with a third of a percent gain, a number of stocks hitting the daily 10 limit on the open. The philippines coming up online , risk on in terms of equities. Said the bulls are taking charge, which you can see they very much our. Korea up by 1. 3 . Austria up by 1. 8 . That is as we see weakness in the crude price. I want to show you what the crude prices doing at the moment, down the 7 10 of 1 . Inhave seen drilling pick up the u. S. , so that is putting downward pressure on that price. , up bya look at gold around a third of 1 , or a 10th of 1 , i should say, at the moment as we see money still coming through into safe havens. , want to show you the yuan Goldman Sachs saying there will be quite a few beneficiaries as they see the yen weaken to 6. 8 against the dollar in 2016. Theyre saying every 10 change could translate into corporate profits. A number of stocks will benefit, including cte. At the moment, Solid Movement across all asian equities to kickstart the week. Speculation on further stimulus from japan. Also, some consolidation in australia and japan, and the very solid job number from the u. S. , so i great start to the trading week. Angie lets talk about line, which is one of the leaders in tokyo right now. , i was thinking of nintendo. Im sorry. Line is the largest tech ipo this year. The offering is as big as it can possibly be after it priced at the top end of the range. David is here. It priced at the top end of the range. You have to have guts, obviously. That said, that is what has apiece, 333300 million shares, top of the range.