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recession now, we seen figures, admittedly this is before revision, there won t be revision to these numbers will be revision to these numbers, falling behind germany on output it is a us dollar base and the yen is extremely weak at the moment. thanks for change, but this is not helpful release. what are the options on a policy level, neil, that we could see japan adopting in the current circumstances? the fact that 150 yen to the dollar it is extremely weak and this is bad because japan imports 94% of its base energy requirements and 62% of its food so a strong currency at this point would actually help, really, day to day basis, the cost of living. that is something that really does need to be addressed so i think probably what we are likely to see is if there is any continued further weakness in the yen we will see the ministry of finance and stroked the bank ofjapan to intervene in the markets, as they have done before. but again, this is not long term fix. it ne ....
what economist poole were expecting to happen, what does number shows is that inflation is slowing down at her slower rate than they were hoping. we saw this 3.1% annual rate of inflation, 0.3% forjanuary, and if you look under the numbers of what bc is consumer prices, which measures what people pay for things like a bunch of goods and have remained well above where they normally would be a normal economic times. in particular it is the cost of things like shelter, rent and accommodation, and food that continues to get people shock. what continues to get people shock. what is behind this continues to get people shock. what is behind this stubbornness of inflation? i is behind this stubbornness of inflation? ~ , ., is behind this stubbornness of inflation? ~ , ., ., ., ~ is behind this stubbornness of inflation? ~ ,, ., ., ~ . ~ inflation? i think if you look back to the causes inflation? i think if you look back to the causes of inflation? i think if you look ba ....
tried directly to the crypto currency. the demand for these bitcoin funds the began trading in january has bitcoin funds the began trading injanuary has been robust. it is also been expectations that the first rate cut in years could come as early as may. higher rates scare investors away from crypto currencies so lower rates are seen as a positive. while investors are now starting to look at crypto currencies as illegitimate asset class, many wonder if they are still very volatile. bitcoin is worth about $20,000 less than the record high the token hit it back in 2021. staying with the us, former president donald trump has asked the supreme court to keep his criminal trial for trying to overturn the results of the 2020 elections on hold. mrtrump is campaigning to return to the white house this year as a potential republican candidate. one issue that s likely to rank high in terms of voter concerns is the country s relationship with china. president biden has been taking ....
in prince harry 5 claim. let s speak to our correspondent, charlie rose, who s outside the city court house in london asi as i was saying, charlie, we had this ruling back in december. it was over a number this ruling back in december. it was over a number of this ruling back in december. it was over a number of claims this ruling back in december. it was over a number of claims from - this ruling back in december. it was over a number of claims from harry | over a number of claims from harry but there are still many more outstanding. but there are still many more outstanding. good afternoon. proceedings outstanding. good afternoon. proceedings got outstanding. good afternoon. proceedings got under - outstanding. good afternoon. proceedings got under way i outstanding. good afternoon. i proceedings got under way here outstanding. good afternoon. - proceedings got under way here at around about iiam uk time, after a half hour delay because of a technical glitch ....
and let us take no notice of what s happening in the red sea because we can see oil prices maybe have seen upward pressure. majorspike maybe have seen upward pressure. major spike would have been expected ten to 15 years ago. the plain fact is because those attacks in the red sea had not really resulted in any supply disruption. did not see a loss in supply, we saw being diverted but we did not see a loss in the market. after that, the fact that it s not booming, when i see a tight market. that by itself as it justifies the level where prices have been trading over the last few months and they are where they are today. i5 are where they are today. is that slow slow down affecting the overall outlook in china? china, if you look at opec expectation for that year they expectation for that year they expect 90% of demand growth for oil to come from asia and largely driven by china. china s largest oil importer in the world. whatever happens to china will have a major impact ....