Hillary clinton releases a comprehensive health check after sundays scare. Fineoctor says she is in mental and physical condition. Follow me on twitter at rishaadtv, use trendingbusiness. Malaysia just starting their session. We have a look at what is happening so far. Yes, midautumn festival time. Taiwan not online, closed. China closed as well. Hong kong closed tomorrow. Singapore remaining close. Malaysia is flat on the open. We are seeing losses across the region, the sixth session for the regional index, not helped by that makes to lead from wall street. We continue the selloff in the oil market. The nikkei down, the worst performer in our region today. We have seen the again fluctuate a little, a one week low. From severalorts sources that we could see the bank of japan push further into negative Interest Rate territory when it meets next week. A few stocks we are watching, particularly japan. Jumping the most in five years as mitsubishi malls a a tenderfer mulls offer. We have seen shares rise by as much as 7 . Mitsubishi a little weaker. In australia, Commonwealth Bank doing well. It has had an upgrade from Goldman Sachs today. Down, this as it posted a full year b. Downarket as a whole, way by commodity prices. New zealand on a long losing by. 1 , theoff longest losing streak since the beginning of the year. The jobs number coming through at the bottom of the hour, higher ahead of the data for the aussie dollar. how this may signal loose Monetary Policy with home mortgages spiking in china. When we put this in context, the pboc chief economist described the property sector as bubbly. The fact of the matter is there was a large amount of loans that went into what you call medium and longterm households. Debt of that is mortgage creation. If you compare the number built 30 in that space, 500 3 billion renminbi, more than half created. The headline numbers blowing past estimates. Aggregate financing, new loans, all higher than forecast. Right or wrong, it was a substantial pickup. Perhaps people are buying more money, and therefore it will be oiling the wheels of the economy, but the other side is what about that again . Debt is a huge burden on the economy. Are two things you can do, pay back all debt or use it in the future. Reform is taking a backseat to the debt buildup and the need to reach the 6. 5 target. If you look at the liquidity ndap, the growth between m1 a m2, that gap is widening. Note, wehing i want to have one chart that shows you aggregate financing. The first figure we showed in the bullet points extends this is the bond market. Lets talk about this. This is part of the reform agenda. It is nowhere near the level in march, but this is the more encouraging part of the data we saw. If you want debt, you wanted through the bond market and not the banks. Fundraising bond markets also picking up considerably. David it has. It gets back to the point, aggregate financing, does this mean china is loosening up . Bloomberg intelligence are basically saying you take out the events that cause it to , and every now and again the trend is still in moderation regarding the amount of credit created in the economy, so not necessarily signaling looser Monetary Policy. Rishaad thank you very much indeed for that. Lets have a look at some other stories we are following for you today. Haidi thanks. In boj has gained an ally its effort to ease fears over intervention in the stock market. Blackrock says fears about in crowded out by etf purchases are overblown. Jason miller says that etfs account for only 3 of japans 5 trillion market, critics warning the Bond Buying Program could make some stocks hard to trade. The boj target for etf purchases in july. A Chinese Consortium attempting to buy a seem along looking for finance backing since it agreed to the deal. The buyers are sounding out interest for the 800 30 million acquisition. 830 million acquisition. Potential partners have been told they could earn outsize returns if a seam along eventually less and china. The group is considering building a new stadium as part of expansion plans. The statement from the Consortium Says fundraising will be completed and in place by the end of the year. Has releasedon what her Campaign Calls a comprehensive disclosure about her health, saying she is recovering from pneumonia, but vital signs are normal. Her medical condition became an issue when she appeared to need help entering a car on sunday. In physician wrote she is excellent condition and that she remains healthy and fit to serve as president of the united states. The Clinton Campaign has criticized Donald Trumps disclosures about his own health. He went on Day Time Television to provide a vague view of his health, the first details he has offered since december. Bayer will buy monsanto for 66 billion, a 21 premium to the tuesday closing price. Rishaad lets pick up on that. Finally saying yes. How did this deal, all cash, possibly an offer they could not refuse. Offer, is the fourth which they finally accepted. First thought about acquiring monsanto a decade ago. Consolidation in the space after the cam china chinafor syngenta chem deal for syngenta. Rishaad what is the logic the hind this combination . It is a onestop shop for everything that farmers need. You have monsanto, a pioneer in genetically modified crops. Then you have a real giant leader in pesticides. When you combine those, make the products Work Together, that is the idea. Rishaad i think the regulators will be looking at this closely. They said themselves there are Something Like 30 jurisdictions. There will have to be divestments for sure. The same logic for the combination is the same reason why they are worried about regulators. Will farmers be heard if they increase prices too much . Rishaad it will not take tomorrow to get this done either. They are talking about the end of next year, quite a long time, but they have to work through the issues and all the different jurisdictions. Rishaad including the united states. Thank you. Lets have a look at our website , one of chinas most costliest divorce hers, facing forking out over 1 billion to his wife. Bloomberg. Com asia, a good read. Find out why hamburger prices are a cause of concern for bank inflationand the targets. Up next, our next guest saying volatility is here to stay in the near term. We get the outlook from Deutsche Bank asset management. Rishaad right. Lets have a check of the business flash headlines. China resources here considering an offer for sab millers assets. They are speaking to potential advisors with the process to begin next month. Inbev is the vesting assets. Some notesalling seven smartphones and china despite having said none of the phones sold their carry the faulty battery that can overheating catch fire. 8 phones have been called back, a tiny number and such a market. Recalling 2. 5 million phones from other markets, mainly korea and the united states. Orders for the iphone seven are up. Says it sees demand above last years level. Been business as usual for iphone upgrade rates. To the flagship device to end two quarters of sales declines. Back to markets and see what we have at the moment. A continued losing streak, a sixth straight day when it comes to equities. How would you characterize what is going on right now . Believed that yields just above positive. We still think we have a bit more juice left, particularly in europe. At the moment, we are going through volatility. You can see it in the movements of the currencies. It will be quite volatile between now and the end of the year. Why . The potential for rate rises, next week or the end of the year , which will increase volatility. If it happens next week, it will get cleared and markets will be in a better state, but i dont think that will happen. Also, elections. See the market vacillating on this. Clinton victory was penciled in, but that has been drawn back a tad, hasnt it . It has. The market is not factoring it in at the moment. I think we have to get through the italian election first, and that is a hobby see more important for european assets. One area people are looking at the u. S. Is health care. That will bets in, negative for the sector, which has sold off. Thesemp gets in, it might slightly more positive, so it has been driven on a sector basis. Drivers are that yields continue to come down in the volatility is picking up. We have had a very good risk run in the last couple of weeks, but that is beginning to be questioned. Potentially wef might have a rate rise in a stronger dollar, what that does to markets. No one is expecting her position for a rate rise in the markets. Im amazed at how much central bankers are really influencing the mindset of investors and traders right now. A few years ago, they were merely wallflowers. They werent driving the markets, in charge of growth. The market was in charge of setting rates rather than being policy driven. I think this will change next year. The market is questioning the sustainability of qe. Rates, that. Raises will be out of the way. The ecb is recognizing that it is not really working. Maybe we get more buying in the Corporate Bond market in europe. It is a seasonal thing. Tactically, european i. T. There is quite a lot of momentum driving net. Few negative factors in the u. S. Around the earnings season, but for next year, Investment Grade in the u. S. , we are definitely back there. We are switching in our equity funds from u. S. Dividends, which have done well and are expensive in the moment, to european dividends. Rishaad it is all yield plays, isnt it . It is. It is a different type of investor. Rishaad you not buying bonds for the yields, are you . You are buying it for liquidity. People who were buying sovereigns are now moving into dividend yields. Area we are recommending for risk is emerging markets and equity. We have had a good run, so we are saying lying on dips. We called it early in the year on the china fall. We thinkferent markets that will drive at this time, so we are positive on china. We think the Hong Kong Market is cheap. The h a lot of southbound money coming in. The hshare, a lot of southbound money coming in. A lot of money coming in through the connect, so there is potential for the Chinese Markets to go up and the hshare markets to go up, but wildly have this uncertainty, it will be First Quarter next year before sovereigns outperform. Rishaad the shanghaihong kong connect has mixed reviews. Represent aen window into the new economy of china . It is definitely highgrowth stocks, but you have to be much more select it. I think it will be more retail driven, where is the shanghai connect is government driven. I think the new law allowing Insurance Companies to buy is positive. If you look at the premium, something we have always talked hshare is all, the trading at a 30 discount. If you look at some of the main stocks the highquality that Fund Managers by, the Insurance Companies, the banks, the premiums tell you quite a lot. It is companies you would not want to buy in the ashares that are trading at the wrong valuations. Rishaad when the fed decides and probably does not move on boj up for a comprehensive policy review coming out. How are you looking at japan at the moment . We are not expecting too much out of the boj now. We won the popularity of the government is there, so there is no need for them to act very aggressively. They might as well wait to see who wins the president ial election, save your ammunition basically. We are very positive on the equity market. It has had quite a good kick up. It is the only area in the world where we are seeing from a company level, corporate governance, higher return on equity. Rishaad from the lower base. Very low base, but we are seeing the return on equity in proof. A lot of things happen on a bottomup basis. In the u. S. , we have reached our share of where we can get profits from the market here it market. Costs will increase, so margins will go and down. The tricky call on the japanese market is that it is so driven by the currency. Rishaad thank you so much. Enjoy the long weekend. Up next, japans aging population is changing more than demographics. It is changing the social and economic landscape. We will tell you how. This is bloomberg. Withad you are back. Trending business the aging population in japan is reshaping the economy. Social where fair, the labor force social where fair, the labor force. Asia editor joins us now. Japans population is getting older. Lets go through some of the effects of this. You are right. Life expectancy is one of the highest world. For men, 81. For women, 87. People are taking care of themselves as they get older. 65 and older, 60 play sport or do exercise, so that is good for fitness clubs in japan. We are seeing more pensioners than there have and playing video games in arcades, so there are some nice little bombs for the economy. Withad what are we seeing the aging population. I just mentioned it in passing. That is a problem. Were 24,000here businesses that closed in japan, since they third went into bankruptcy. Some Business Owners dont have somebody to give the business to , that the Younger Generation are not necessarily taking over those instances, and that is expected to continue to be a growing trend with the aging population. Anything house when it, ands to the young there . Anything else when it comes to the old and the young there . Need andve a growing young people are not donating that at the same levels the population is used to, so that is a potential concern. Rishaad thank you very much indeed for that. Our north asia economy editor joining us from tokyo. Australias Employment Data out in a few minutes. Notoriouslymber hard to read. It has been all over the place. Seeing declining stocks in sydney, down. 3 . The hang seng open coming up, premarket moved to the upside. The nikkei moving to the downside. The market action, jobs numbers, that is next. Trending business rishaad chinas credit expansion rebounding in august. On a property binge in the countrys biggest cities. All higher than anticipated. By mortgage lending, with that loans going to property markets due to surging prices in major cities. Beenituation has officially described as lovely. The president of 7elevens parent has missed his deadline. He took over on may 26. Shares have fallen 7 since then. They have widened the decline to 20 . The conglomerate lost more than 10 and a in dollars says customers spend less and competition rises. Released anton has comprehensive Health Disclosure after she appeared needing help to enter our car on sunday. Her doctors says she is in excellent physical and mental condition. Hillary clinton criticizing Donald TrumpsHealth Disclosures. He went on television to provide what some are calling a vague view of his health. Breaking news crossing the bloomberg. Taking a look at what is going on, the own strain jobless rate 5. 6 , 3900 jobs lost in august. Another tour is the difficult set of numbers to fathom through and predict. Lets get you more on that in a moment. Lets look at the market open in hong kong. Expect haitians were for 15,000 jobs to be created, seeing unemployment remain at 5. 7 . Were for 15,000 jobs to be created, seeing unemployment remaining at 5. 7 . It is flat now. It was higher before the numbers came through. It is now down. 5 . In terms of the markets, hong the trend,cked opening higher by. 3 , some good moves from casino stocks, galaxy up 2 as is sands china. Worst performer on the hang seng, but we have seen renewed pressure on crude oil, nigeria and libya ramping up production with iran, pushing more of a glut into the overcrowded market. Nikkei is lower by 1 . We have seen the yen fluctuate a little bit here at there is still concern over what the boj will do next week. There have been reports today that they could push further into negative Interest Rate territory. Two stocks we have been watching , rising the most since march 2011 on reports that we have actually seen, mitsubishi up byng buying its 6 . We will check out a bit later. Having a look at the philippines, down. 2 . Singapore winker by. 1 . Malaysia being sold off. A number of markets closed today. China is one of those. Rishaad just getting you back to those australian employment news, data showing fulltime jobs, employment falling by 3900 and august. It is so difficult to predict this number. We were estimating a 15,000 gain. The Unemployment Rate 5. 6 , a fraction below the anticipated rate of 5. 7 . Worse than expected on one side, better than expected on the other. Boj under pressure to stimulate the economy, now it is fast food becoming a pain in the life of boj governor corroded. Kuroda. Why are restaurant chains cutting prices . So what has been happening within the consumers is there is this sense of deflationary mindset that has taken place. The fast food chains have to catch up to that. Consumer prices fell in july, Household Spending falling, up, andent catching consumers are very wary to spend. Analysts have said cutting but itis not a strategy, is for survival. If they cant catch up, they wont be able to be competitive and survive within the industry. Is you have thing this policy review taking place by the boj, a decision on what they do next with Monetary Policy. How does it affect their thinking . Isnt probablyis the only issue the boj is mindful of, but at the same time, the boj is definitely keen that the inflationary mindset has taken place. They will conduct a comprehensive review next week. The next step for the boj would be to decide on how they can thisback reel deflationary mindset back. Rishaad some are saying out the picture for deflation is likely to get worse before it improves, so what gives . Of course this is just one industry we are looking at, but at the same time, this isnt the first time this deflationary from thehas taken on fast food industry. In the 1990s, when mcdonalds cup prices specifically