indeed, we are already modernizing america's defense posture across the asia pacific. it will be more broadly distributed -- maintaining our strong presence in japan and the korean peninsula, while enhancing our presence in southeast asia. our posture will be more flexible -- with new capabilities to ensure that our forces can operate freely. and our posture will be more sustainable, by helping allies and partners build their capacity, with more training and exercises. we see our new posture here in australia. the initiatives that the prime minister and i announced yesterday will bring our two militaries even closer together. we'll have new opportunities to train with other allies and partners, from the pacific to the indian ocean. and it will allow us to respond faster to the full range of challenges, including humanitarian crises and disaster relief. since world war ii, australians have warmly welcomed american service members who've passed through. on behalf of the american people, i thank you for welcoming those who will come next, as they ensure that our alliance

presence in the asia-pacific region. i hope that japan and the united states can cooperate in working on economic rules and security. >> noda told obama of his intention to begin consultations with member countries of the tpp and said he wants to promote a higher level of economic cooperation. obama welcomed noda's decision and called for japan/u.s. cooperation through future talks on the new free trade framework. noda also touched upon the ongoing review of restrictions on imports of beef. currently only meat from cows up to 20 months old can be imported to japan to prevent meat containing mad cow disease or bse from entering the japanese market. noda told obama the government is considering raising the limit to up to 30 months old. obama said he was looking forward to seeing progress on the issue. noda also said his cabinet is working toward implementing the bilateral agreement on the planned relocation of the u.s. marine corps futenma air station in okinawa. he explained japan's plan to submit a report to the prefectu

asia never left her faith. she is faithful and never denied her faith. >> asia's case has caused turmoil in pakistan. two people that came to her defense were murdered. this man gunned down by his own bodyguard. murder now hailed a hero by muslim extremists. pakistani judge that found him guilty has had to flee for his life. asia's other advocate shabaz baty. he said he would prefer to die for his principles, including opposing sharia rather than give into the threats of islamists. >> i believe in jesus christ who has given his own life for us. i know what is the meaning of cross and i am following the cross and ready to die for a cause. >> her children have rarely seen their mother. the bars of the prison cell keep them from hugging and kissing her. recently they were granted a visit outside her cell. >> this time we hugged and kissed momma. then momma and isa were both crying. i was encouraging mama, don't cry. god will help us. >> help is coming through prayer and advocacy and other believers around the worl

push into asia. >>> the cleanup is under way in asia as factories get back to business as usual. >>> yes, the camera does lie. benetton is creating controversy already with its new unhate campaign. it's already been forced to pull one of its images. >>> first up, the european debt crisis. it's not a story that's likely to go away any time soon. france and spain prepare to sell billions of dollars of debt in separate bond auctions later on today. let's have a look at how the markets are faring at the moment. we're about an hour into today's trading session. red arrows right across the board. one of the markets in the big four hit the hardest is the cac in paris down .8%. this is how italian and paris and french bond yields doing at that. the italian bond yield has once again passed that crucial 7% mark, beyond which many an economist say this really is unsustainable in terms of financing your obligations out on the open market. now we do have a fully technocratic government in place in italy, and they're getting down to work. mario monti, the prime minister there, will be presenting h

, so when you talk about asia, asia-pacific, you kind of are including india. >> absolutely. >> and it doesn't fit very well in the other blocks. >> absolutely. >> is india suffering -- i want to take a moment here on india. is india suffering from the lack of a strong government structure, and if it wishes to move say a plant would 20,000 workers and really going to build a hotel and all the -- all the infrastructure which becomes then a private responsibility of the company moving in. you have seen that. did you see that when were you there? or is the government more active now and creating things like clean water and electricity. >> you definitely see that when you're there. one thing is multi-nationals will tell you, is everything we achieve we achieve despite the government, not thanks to the government, not with. answer able. ment of the government. it can grow despite the government. there's an understanding now that the biggest thing holding india back, especially compared to china, is its lack of governance. it's not cute anymore. i think indian entrepreneurs thans, and that's

♪ >>> a renewed commitment to the asia-pacific region. u.s. president barack obama outlines his new strategy. welcome to "newsline." i'm catherine kobayashi in tokyo. u.s. president barack obama said the u.s. is turning its attention to the vast potential of the asia-pacific region during a landmark speech to australia's parliament. he stressed the importance of the asia-pacific region as a major part of u.s. foreign policy. obama told his audience -- >> after a decade in which we fought two wars that cost us dearly in blood and treasure, the united states is turning our attention to the vast potential of the asia-pacific region. in just a few weeks, after nearly nine years, the last american troops will leave iraq. and our war there will be over. in afghanistan we've begun a transition, a responsible transition. so afghans can take responsibility for their future and so coalition forces can begin to draw down. >> obama told his audience that his administration plans to refocus on the region now that it's ending its military campaigns in iraq

this has happened in asia. this was basically one of the most important developments during the asian crisis. it was the key to solving the u.s. crisis, and it will be the key to solving the crisis in europe. first steps are done. we need to see more in this account. this will be the job of european governments next year. >> dr. schuls thank you so much for your insights. look forward to have you in the studio once again. that was dr. martin schulz, senior economist at fujitsu research institute joining us in the studio. >>> here in japan the current account surplus fell for a seventh straight month due to a surge in energy related imports for they werical power plants to make up for reduced nuclear power generation after the march disaster. the finance ministry said in a preliminary report on wednesday the current account balance fell 21.4% in yen terms from a year earlier to about $20.4 billion. the trade balance also fell by 59% from a year ago to a surplus of $4.8 billion. the trade balance posted a surplus

>>> asia pacific push. u.s. president barack obama shifts his country's focus east as china's influence in the region grows. >> after a decade in which we fought two wars which cost us dearly in blood and treasure, the united states is turning our attention to the vast potential of the asia pacific region. >>> welcome to "newsline". i'm michio kijima in tokyo. tonight barack obama outlined his nation's new security and cooperation strategy. the u.s. president spoke before the australia parliament. his message, the united states is a pacific power that's here to stay. >> as the world's fastest growing region and home to more than half the global economy, the asia pacific is critical to achieving my highest priority, and that's creating jobs and opportunity for the american people. >> obama said the u.s. is moving out of a long period of conflict in iraq and afghanistan. the policy shift is aimed at keeping china in check. the chinese government is building up its armed forces. its number one objective is said to

asia and the rest of the world. the other dimension is connecting the past with the present and future. in other words, connecting the historic arts to the contemporary arts of today. for our visitors, we translate our vision into our brand promise, which i want all of you to remember when you leave the building. the past is never static. the past is full of potential for new discovery, new knowledge. our programs are to unlock the great potential of the past, to find a new perspective. to look at the past with today's perspective, today's questions, so that we can learn more from the past. in doing so, we want to inspire the creativity for our program, the creativity that exists within every one of us, to create new conversations, new questions. awaken the past, inspire the next. in doing so, we want to appeal to our lovers and art newbies. in other words, the museum is for everyone. whether you are local or far away. no matter your interest is in asia or elsewhere in the world, everybody has a connection. we want

, all over southeast asia, their economies are growing. the united states would give their right arm to have some type of growth like they're seeing. as they grow quickly, the president's goal has been to try to figure out a way to have tighter ties with some of these countries in order to help the u.s. exports and, therefore, grow the u.s. economy. while it's an international trip, the president's been trying to make it have an economic focus, so that it doesn't look like he's taking his eye off the ball about creating jobs. >> there's security focus, chuck, you touch on this a bit. there could be this -- actually, the press conference is just beginning, let's listen in. >> an opportunity to welcome president obama to australia for his first visit as president. he's no stranger to our shores, having visited australia before. it's a delight to have him here as his first visit as president. it comes as an important time in our nation's history, and the history of our region. we will be looking back during this visit and we'll be looking bac

what about asia, andrew? >> the nikkei, for example, the same sort of thing, up out of the gates from the start. this was helped here in asia, charles, not just by some opt anymore on the euro crisis, but also what's been happening in the u.s., the black friday sales, obviously asia remains a key export or basically manufacturer for the u.s. sales. anything we're getting is a bit of an expected sales in the u.s. certainly helps the markets in this part of the world. the nikkei was up by 1.5%. hong kong up by nearly 2%. shanghai just .25%. the australian market up by 1.8%. if there's any light at the end of the tunnel on the eurozone crisis, we see the financials take a bit of a lift. likewise, when it looks dark for europe, the financials pretty much globally are taking a lit as well. banks like hspc getting a decent pop today. not a bad start to the week. if it's anything like last week, it will be a long week. it was pretty bad last week. at least we're starting in the right direction this time. >> let's se

and while, you know, all of asia isn't booming, we're not talking about huge expansion across the asia pacific region, but there is more optimism about the potential of what they can tap into here as opposed to in europe where the economies have been hammered. >> there is growth. and in many regions, in many places across the world, there is no growth. actually, the economy is shrinking. i want to tell our viewers we're awaiting a news conference from u.s. president barack obama. he is hosting that in honolulu, hawaii. he's hosting the asia pacific economic corporation summit in honolulu. the president will be speaking very shortly. we'll be back in a moment here on cnn. life insurance companies treat you like a policy, not a person. instead of getting to know you they simply assign you a number. aviva is here to change all that. we're bringing humanity back to insurance and putting people before policies. aviva life insurance and annuities. we are building insurance around you. >>> all right. back now live on cnn. i'm don lemon at the cnn world headquarters in atlanta. we want to welc

as a result, defense spending will not come at the expense of the asia-pacific. my guidance is clear. as we plan and budget for the future, we will allocate the resources necessary to maintain our strong military presence in this region. we will preserve our unique ability to deter threats to power and to preserve the peace. and we will commit -- keep our commitments to our eyes like australia. -- allies like australia. our enduring influence in the region demands are enduring presence in the region. the united states is a specific power and we are here to stay. >> following developments from sydney explain the significance of the president's remarks. >> president obama was using his visit to australia to announced to a wider world a week celebration of american foreign policy toward the asia- pacific region. the u.s. has never left the asia-pacific region, but it has somewhat neglected it with wars in afghanistan and iraq. this is now a statement of policy saying, we are back and we are here tuesday. -- we are here to stay. the message was, everybody has to play

let's start off in southeast asia. the low pressure system has been working across off the philippines. it has been producing quite a bit of rainfall across the country even in the past 24 hours. areas have been reporting well over 100 millimeters. a lot of rain already. it looks like it will be staying wet over the next couple of days. flooding threat and they start getting high. you want to watch out for that. other areas and places like taiwan and over towards vietnam, you need to look at scattered showers. as we look north, it looks dry across china. they do have precipitation and they develop over the course of today. no and then rain and getting a lot cooler. for japan, you are looking at chilly air coming on in and especially for northern japan and the region has been seeing snow since last night and the area too, this precipitation starts out as out rain. the afternoon and evening hours will change over into snow and mountain areas. we want to watch out for slippery roads. tuesday's highs look like this. they a

fresh air is located both in europe and in asia so we have attention we should have only. europe and euro zone the bismarck it survived the difficult times remains to be done would stabilize the situation somewhat so the recent g twenty summit last dedicated to the us when we discussed the clarity of situation on the european markets we know that life in the drawing attention to valuable to the detention of the whole world is now limited only to the european crisis and unlikely will be able to resolve your problems in isolation of the global problems america discussed it australia discussed in the subtext it also discussed so depression. which the rats were obviously trying to ensure balanced about but it was sure to make sure that we're developing old lights at the moment because all of our trade with e.u. countries equals two hundred fifty billion dollars which is a lot. of attention on asia pacific region and the markets religiousness of europe of this part of the globe is no less so we have great only i'm afraid of china and many other countries that would like maybe u

it's just released strong growth forecasts for asia. we'll be hearing from their ceo in just a second. ( phone ringing ) okay... uhh. the bad news, it's probably totaled. the good news is, you don't have to pay your deductible. with vanishing deductible from nationwide insurance, you got $100 off for every year of safe driving, so now your deductible is zero. the other good news ? i held on to your coffee. wow. ♪ nationwide is on your side ( laughing ) it's actually a pretty good day when you consider. that's great. >>> that's how the asian trading day finished this wednesday. you can see there, red arrows pretty much across the board. the neck kikkei, down nearly 1% shanghai down about 2%. india still trading. financial stocks among the big losers still following the bond yields in europe. they have come off that 7% level in italy but still around 6.7%. a lot of rumors about buying of bonds by the ecb, nina. >> yeah. and let's have a look at the european stock markets. slightly better performance. they're snapping a two-day losing st

and so, how does asia fit as a priority for our country? and where is its place -- in a multifaceted way, not just business -- in the asia pacific region? >> the united states is a pacific power and we are here to stay. and one of the messages that secretary clinton, secretary panetta have been delivering, but i am personally here to deliver over the next week, is that there's no region in the world that we consider more vital than the asia pacific region, and we want, on a whole range of issues, to be working with our partner countries around the pacific rim in order to enhance job growth, economic growth, prosperity and security for all of us. and let me just give you a couple of examples. the apec conference that we're hosting here is going to have some very concrete deliverables around issues like regulatory convergence, which permits countries to all think about whether our regulations are as efficient, as effective as they can be, or where are they standing in the way of smart trade. i'll be traveling to australia to celebrate the 60t

let's start off with east asia. a high pressure system is blanketing japan, bringing dry, crisp weather across most of the country. the exception is southern islands there are heavy thundershowers. we are expecting another 150 to 200 millimeters by thursday morning, so watch out for flooding and landslides. rain will spread by this afternoon. meanwhile, we have a tropical depression over the south china sea, and this one is bringing heavy rain across these provinces and much of taiwan we are talking about 150 millimeters in the next 24 hours. and this system is moving slowly, so rainfall could be significant over the next couple days. and high waves at seas are a concern as well along the coast of this area. for the inched oh china peninsula as the system moves eastward, things are dryer across vietnam, cambodia, thailand. that's good news. temperatures, we expect 35 in bangkok, 33 in manila, with a chance of afternoon showers. tokyo highs drop into the teens with 17 degrees, and 15 in seoul. heading over to the ame

the most thing for us to do in asia is make sure asia is growing, providing an offsetting source of strength. >> if geithner is hoping that asia will be riding to the rescue of the world economy, the performance of one ofç the region's biggest trading companies might be giving him pause for thought. this is what happened to share prices of the commodities trader noble group today. basically this company's stock fell off a cliff, losing more than a quart he of its value after they reported their first quarterly loss in some 14 years. they blame price swings in the market for cotton but its stock had been on a downward trajectory, it seems all year. that's a clear manifestation over concerns of the natural resources business as the world economy continues to slow down. >>> pain from the euro zone crisis spreading right around the world, especially to banking stocks. hsbc shares have been diving 9.2% in hong kong on thursday's trading session. this was after the company announced that its profits at its investment bank division had been falling by more than half. the bank also increased provi

rajin port will become a new cargo center in the asia pacific region. this center will make it possible to create the longest euro-asian transport corridor, over 10,000 kilometers long. >>> russia says starting next summer it will use freight trains to transport coal into north korea. >>> time to check on some of the stories we've gathered from broadcasters around asia. we begin with this item sent by ntv, nepal. nepal's main political parties have signed a landmark deal to integrate thousands of maoist combatants into the national army. under the agreement, more than 6,000 fighters will be integrated into the security forces. the remainder will receive a payoff of about up to $11,000. the maoists ended a 15-year insurgency five years ago, with the abolition of the monarchy. however, moves for peace have stalled over the future of the former rebel fighters, and a new constitution. >>> the sri lankan army has acquired four remote-controlled machines from russia to help with the removal of land mines in the north. there are 29 machines that work clearing

this will happen on the weekend at the asia-pacific economic cooperation summit in honolulu. i'm fully aware of the benefits as well as the concerns pointed out over the matter. through the discussions with other countries we'll strive to collect information on what they expect from japan and by carrying out thorough public debate on the matter with national interest as the top priority in my mind i'll seek to reach a conclusion on the tpp. >> the tpp will eliminate tariffs and other trade barriers among member countries in the asia-pacific region. big business is for it. farmers, fishermen and co-ops are against it. prime minister noda says the tpp will help japan tap into the growing power of the asian economy and pass wealth on to the next generation, but he also mentioned the drawbacks of joining the trade pact. he says tpp might have a negative impact on japan's medical system, traditional culture and beautiful villages, things that have been protected for a long time. reporters asked the prime minister why he won't give a clear answer about whether japan will join the t

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>>> not to mention asia as well, nina. any slowdown in the euro zone hits the big exporters here, obviously. those numbers, wall street futures not the only thing that's falling this day, this hour. a slowdown in the, a slowdown in chinese manufacturing conspired to force a downturn in the price of oil this wednesday. falling by about half a dollar in electronic trade, currently fetching around $108 a barrel. nymex crude is down by more than $1. >>> now, as financial markets n endure their toughest months since 2008, well, the u.s. federal reserve wants to know how banks would survive and if they would survive a repeat of those kind of circumstances. on tuesday, the central bank ordered the country's leading 31 lenders to undergo stress tests aimed at answering that particular question. let's take a look at exactly what they came up with in terms of answers. in tests conducted back in 2009, 19 banks had to take part because they had assets of over $100 billion or more. but regulation, particularly financial regulation intr

president barack obama lays out his new strategy for the asia pacific region. welcome to "newsline." i'm catherine kobayashi in tokyo. u.s. president barack obama said in a landmark speech to australia's parliament that the ununed s stes is turning its attention to the vast potential of the asia pacific region. he stressed the importance of the region as a major part of his country's foreign policy. obama told his audience that his administration plans to refocus on the region now that it's ending its military campaigns in iraq and afghanistan. obama acknowledged the importance of china, but pointed out that the international community wants china to abide by international rules. his remarks suggest that the unite is seeking to involve china in a multinational framework as a strategy for achieving stability and prosperity in the region. >> the united states will continue our effort to build a cooperative relationship with china. all of our nations, australia, the united states, all of our nations have a profound interest in the rise of a peaceful and prosperous

>> recently, "this is america" visited the republic of kazakhstan in central asia. it's one of the 15 countries formed by the breakup of the soviet union and is the most successful of them all. on december 16th, kazakhstan and celebrates its 20th anniversary of independence. it is the ninth largest country in the world and its location, oil, and mineral wealth and the government's vision have all contributed to its rapid growth. internationally, kazakhstan is a world leader in the goal of eradicating nuclear-weapons honors. it is a beautiful country of snowcapped mountains, vast steppe regions, and deserts', and historic and futuristic cities. with a population of 16.5 million people, kazakhstan is my home -- is home to more than 100 different ethnic groups, resulting in a bank incredibly rich and diverse culture. over the next few programs, "this is america" will look at the people, government, economy, and sites of kazakhstan. we will also look at the importance of kazakhstan in the region and its relationships with the united states. "this is america" visits the

♪ >>> welcome to "asia biz forecast," i'm shery ahn. a plan to end the european debt crisis finally became a reality last week. after ten hours of overnight negotiations, eu leaders agreed thursday on a comprehensive scheme to write down greek debt and present the crisis from spreading. the plan has three main pillars. first private banks will be asked to write down greek debt by 50%, compared with a 21% cut agreed in july. the european banks will have to raise about $147 billion of extra capital by the end of next june. that will require about 70 banks to raise their core capital ratios to 9% after the write down of sovereign debt to deal with the deal with the current crisis, as well as guard against possible financial shocks in the future. the plan will reinforce the european financial stability facility bailout fund, which will form a special investment vehicle to be funded by private and public investors. this could bolster the fund's war chest to about $1.4 trillion, from the current $623 billion. >> tonight opens the door to an a

>> recently, "this is america" visited the republic of kazakhstan in central asia. it's one of the 15 countries formed by the breakup of the soviet union and is the most successful of them all. on december 16th, kazakhstan and celebrates its 20th anniversary of independence. it is the ninth largest country in the world and its location, oil, and mineral wealth and the government's vision have all contributed to its rapid growth. internationally, kazakhstan is a world leader in eradicating nuclear-weapons honors. it is a beautiful country of snowcapped mountains, vast steppe regions, and deserts', and historic and futuristic cities. with a population of 16.5 million people, kazakhstan is my home -- is home to more than 100 different ethnic groups, resulting in a bank incredibly rich and diverse culture. over the next few programs, "this is america" will look at the people, government, economy, and sites of kazakhstan. we will also look at the importance of kazakhstan in the region and its relationships with the united states. "this is america" visits the republic of

♪ >>> welcome to "asia biz forecast," i'm shery ahn. a plan to end the european debt crisis finally became a reality last week. after ten hours of overnight negotiations, eu leaders agreed thursday on a comprehensive scheme to write down greek debt and present the crisis from spreading. the plan has three main pillars. first private banks will be asked to write down greek debt by 50%, compared with a 21% cut agreed in july. the european banks will have to raise about $147 billion of extra capital by the end of next june. that will require about 70 banks to raise their core capital ratios to 9% after the write down of sovereign debt to deal with the deal with the current crisis, as well as guard against possible financial shocks in the future. the plan will reinforce the european financial stability facility bailout fund, which will form a special investment vehicle to be funded by private and public investors. this could bolster the fund's war chest to about $1.4 trillion, from the current $623 billion. >> tonight opens the door to an a

let's look at what's happening across east asia. a developing low pressure is approaching bringing heavy rains and strong winds as well as thunderstorms across western japan. we're anticipating up to 200 millimeters of rain in the next 24 hours. the heavy rain will spread to the region on saturday. in terms of up temperatures, winds are blowing, so we can expect warmer temperatures nationwide throughout the day today. the same system is producing heavy rain across the southern korean peninsula. for china it's wet across the east. the northeastern portions look at up to 10 centimeters of snow in the next 24 hours, but especially west across the provinces and rain could develop as we head into saturday. taiwan is also experiencing ongoing heavy rain. the ground is already very well saturated, so this area is prone to flooding and landslides. we expect 19 degrees in tokyo with cloudy skies and 16 in seoul dropping down to minus 11 here. heading over to the americas then, it has turned quiet and nice across the east. the southern tip of

. >> we obviously believe that the world's strategic and economic center of gravity will be the asia pacific for the 21st century and it will be up to american state craft over the next decade to lock in a substantially increased investment, diplomatic, economic, strategic and otherwise. >> but at the apec summit near the beaches of honolulu, asian countries are looking for evidence that the u.s. is serious. in particular, whether they will be progress on the transpacific partnership, now in discussion with nine other countries. one of them is singapore, looking to make the most of the shift in financial power from indebted europe to surging asia. >> we have a long-term change in asia is the emergence of the new economies china, india, southeast asian countries. and the shift in the balance and center of gravity from the west to the east. and how we're going to manage that change in a peaceful, constructive, mutually beneficial way. >> but there could be storms ahead. china is pushing its own version of a free trade deal worth 12 asian countries. while they're happy to trade with chi

the broader index measures all the asia markets. we're down six days in a row. >>> the markets, the economy all seem to lack a little bounce at the moment. but many are hoping the 2012 olympic games will give everything a boost. one athlete is training hard to make sure she flies at the summer games. she shows us why she loves her life up in the air. >> i've been trampolining 21 years. i've been doing it since i was four. it's what i do best. i just love trampoline. i love being able to bounce up and down. i have good spatial awareness. i always know where i am. i can always altar where i am on the trampoline. because it's such a technical sport, i need to have a lot of strength in order to be able to take off for the more difficult skills and make more difficult combinations when putting routines together. it's a really strange feeling. if you're coming towards the side or land towards an end, it goes in slow motion. there's been some competitions where i have gone, what did i just do? i know it's been because i've been completely

llnetiio ome kn >>ra'vdede ththio th wl oween at the asia-pacific economic cooperation summit in honolulu. i'm fully aware of the benefits as well as the concerns pointed out over the matter. through the discussions with otr counies we'll stri to collect information on what they expect from japan and by rrnguthorough puic deten the matter with nationalntest the top iotyn mind i'lleek to ach a conclusion othe tpp. >> the tpp will eliminate tariffs and other trade barriers among member countries in the owh siss is foit.fa fhe ami e n,e so thdrbas in heaytpmi gavet jan r lo te.vi, inhaotte ase n'boan lloi t nt re somonno ransto we want for ad a inv inhei eff t rules asia pif regio to mimpa ment to try inthroh su-fd no'snnouncent mas it sian t g infon. want the government to collect accurate information about the negotiations. >> translator: the government needs to tackle the preparatory consultation with a zero-tolerance approach. it must not make concessions that threaten the safety standard of food, the food self-sufficiency rate, or the universal health care system. we want full disclosur

all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray afe

the statement calls for military dialogue by parti including the east asia summit. it also recommends establishing a multi-national framework for discussions on territorial disputes involving the east china sea and south china sea. china opposes multi-lateral talks. >> people who have fled confl t conflicts in persecution are often unable to return home. instead, organizations like the umhcr can help them delegate to a safe third country, normally the united states or another western nation. last year japan launched a three-year pilot program to accept refugees from myanmar, becoming the first country in asia to sign up. but one year on, the project faces some hurdles. nhk world reports. >> reporter: came to japan last year under the resettlement. spent six months learning japanese before coming to this farm for training. he struggles with the language barrier. daily conversation is difficult. not to mention the complicated vocabulary. as a result, he receives only simple tasks. >> translator: i want to work hard, but i don't understand the language at all. when i g

for making the trade and investment and economic cooperation easier for countries that make up the asia pacific and this is certainly something that's been a focus here for the last day or so we also know of course that the leaders have not been able to avoid a headache when it still comes to the european financial crisis since this is something that's looming over the entire global economy and here we're hearing pushes for europe to work harder in finding solutions to the financial crisis we did hear barack obama the us presidency earlier that the united states is looking forward to really seeing the upcoming changes with the leadership change in italy and greece the u.s. hopes that this will give sort of an opportunity to reform and restructure the way things run in those two countries and essentially a sense that they have been spearheading the financial crisis to be able to create positive steps in coming up with solutions this is something that he reiterated earlier today. later in the program we will hear more from president vid of as he addresses business leaders at the apec foru

all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray a feminine aspect and then masculine aspect with the bow and arrow. the male has to portray feminine and the female has to portray masculine. there is a very fierce dance and a soft sort of dance and every dancer has to learn all those aspects. it's very, you know, my teacher i call him a guru in this art form you have to study very, very hard. you have to learn about all the cultural aspects. he says it's liberating because he enjoys and has to learn to bring up the feminine aspect. he's a strong character it's a challenge for him and he likes it. the stories are metaphor cal. i don't look at this that this is a man or woman. there are qualities we all have that some of us are in touch with and are not. in our culture we think people shou

certainly here in asia. all of the indices finishing lower again. european debt concerns continue to worry the markets. financial and energy stocks the big losers in this region. there was new economic data out of japan today. showing that it has returned to a deflationary spiral. consumer prices falling for the first time in four months. compared 2% for the previous month. no stranger to deflation, deflationary situation, really much the last ten years or so. >> yeah, i think many of the people are our generation know that pretty well, andrew. the situation hasn't changed yet. if we come back to europe, hone in on what's playing on investors' mind, another debt downgrade. moody's has now cut hungary bond rating by one notch, it now stands in speculative grade. moody says it downgraded hungary to be 1 because of its high debt and doubt about its ability to meet targets. the currency there is trading at a record low. hungary requested more help from imf. so, things don't bode well for this country. and of course, andrew what it really means it's not

he is hosting this year's asia pacific economic corporation summit. cnn's breanna keeler now in honolulu, where there was at least one unexpected -- look at that picture -- i am so jealous! it looks so -- it looks like you're in front of a painting. it doesn't look real! it's beautiful. breanna, tell us what happened -- >> i know, i've been -- yeah, i've been watching a number of my other colleagues do live shots. it looks like they're standing in front of a postcard. it's certainly gorgeous here, don, and the weather's beautiful. the president today, obviously, the day for the apec summit. he had a number of meetings yesterday with heads of state. he met with the leadership of japan, of russia, of china. but today was the summit. he gave opening remarks, emphasizing the importance of the asia pacific region economically to the u.s. when you look at where economic growth is, asia is really where it's at. and one of the u.s. goals is to continue, to continue increasing its exports, and it's asia, don, that is buying. so you heard president obama certai