he visited china and south korea during his tenure and tried to improve relations. his grandfather led japan in the 1950s to 1960. his father served as a foreign minister. abe has promised to use his experience to revise the constitution and to reform education. so abe has a lot of political know-how and a profile. sherry ann spoke with our senior commentator to find out what his return as lpd leader means for voters. >> could abe once again be prime minister? >> that's possible. ruled most of the time since world war ii. voters got tired and fed up. then they kicked the ldp out of power. the democrats took over. but then the earthquake, tsunami and nuclear disaster last year set the government back. latest polls suggest many japanese feel that the democrats have shown little leadership and that the ldp will win the most seats in the next general election. so the new party leader, abe, could well become japan's next prime minister. >> so now as party leader what will abe be pushing for? >> abe has said that the democrats have undermined japan's diplomacy and securit

in south korea. but china's labor costs have been soaring. in addition, productivity did not rise as much as the firm had expected. in march, the company moved two of its 11 production lines back to south korea. it plans to pull out half of the remaining production lines from china, by next year. what has prompted them to decide on the u-turn, ftas, south korea concluded with the u.s. and eu. if they export their major products from china to the u.s. and eu it has to pay up to a 20% tariff. in contrast thanks to the fta there is no tariff on exports from south korea. >> we are gting offers from prominent overseas brands and buyers. we want to make, made in korea products more competitive. and better known in the global market. we are confident. >> the south korean government has been laying out various policies to increase the number of u-turn industries. this is one example. here companies are hoping to make the u-turn are receiving consultations. a consultation center provide a variety of informati

japan is also hoping to have a meeting with south korea in new york. but many observers say even if the two ministers meet they are likely to only reiterate their positions without making any progress on the territorial dispute. >>> the chinese foreign ministry issued a statement criticizing noda. it said japan is infringing on other nation's sovereignty ignoring history and international law. the chinese foreign minister did not show up for noda's speech and will speak at the u.n. on friday. he is expected to reiterate the chinese claims and pressure japanese leaders into accepting that the territorial issues exist between them. the south korean foreign minister did not show up either. he has rejected japan's proposal to bring their dispute to the international court of justice. south korean officials believe no dispute exists over the islands since they control them. >> awe officials from japan, china and south korea are pushing ahead with talks on a free trade agreement in this climate. leaders tlihe three countries reached agreement on a trade deal

other countries, including south korea, do not accept the code's binding authority. gemba asked that more countries recognize that the court has compulsory jurisdiction. his comment is seen as a veiled criticism against south korea which has refused to refer the dispute over takeshima to the court. in a separate move, japan's foreign ministry has taken action against an attempt by china to revise official maritime maps. the ministry filed an objection with the u.n. after china submitted a maritime chart with a territorial baseline extended beyond the senkaku islands. the foreign ministry document states that the senkakus historically and legally belong to japan. it says the japanese government cannot accept china's claim to the islands. gemba hopes his address before the u.n. general assembly will help japan win the support of other nations in its territorial disputes. jun oikawa, nhk world, new york. >>> south korea's foreign minister took a veiled shot at japan in his own speech at the general assembly. kim sung-hwan implicitly criticized his neighbor's decision to

south korea repeated its refusal. the u.s.-led exercise is held every year and aim is to stop trafficking in weapons. south korea's refusal may receive fle reflect anti-japan sentiment could increase. strained by the country's repeated claims to the islands. >>> the international envoy for syria is crafting a new plan to bring peace to the country. brahimi briefed the security council about the situation. brahimi took over as enjoy from former u.n. secretary general kofi annan. he met earlier this month with syrian president bashar al assad and members of opposition groups. brahimi told members after meeting with the security council that there's no prospect of a quick end to the violence but has a few ideas about how to bring the sides together. >> i think we will find an opening in the not too distant future. >> brahimi noted there are some signs that the divided syrian opposition may be moving toward unity. he's calling for the opposition groups to get together to negotiate a truce with the assad government. >>> iran's pres

he was perhaps south korea's best known president. he was a military leader who took power and is credited with extorting the country's miracle of economic growth and with trembling -- with quick starting -- with kickstarting the country's miracle of economic growth and with trembling the human rights of the people -- trampleing the human rights of the people. >> people are well aware of how difficult it is for koreans to judge their parents and point out their errors. as long as i am standing as the country's presidential candidate, i should be objective and empathize with people. >> park geun-hye has been battling her father's image since the beginning of her campaign. the question is whether this apology will lay that history to rest. bbc news, seoul. >> tonight, a man is being treated in a london hospital for a new and potentially fatal virus similar to sars. sars killed hundreds of people in asia. the patient from qatar apparently contracted the infection in the middle east. so far, there are only two confirmed cases. it does not

japan is also hoping to have a foreign minister meeting with south korea in new york. but many observers say if the two ministers meet they are likely only to reiterate their positions without making any progress on the territorial dispute. so it appears little will be the result for the time being and the noda administration is expected to face further difficulty in deali with china and south katrina. >>> the chinese foreign ministry said that japan is infringing on other nations' sovereign city, ignoring history and international law. chinese foreign minister didn't show up for the speech. he's scheduled to speak at the u.n. on friday. he is expected to reiterate chinese claims and pressure japanese leaders into accepting that a territorial issue exists between them. south korean foreign minister didn't show up either. he has rejected japan's proposal to bring the dispute to the international court of justice. south korean officials believe that no dispute exists over those islands since they control them. >>> hundreds of chinese have protested in front of the u.n. h

south korea estimates a significant drop in north korea's grain harvest this year. the forecast is raising fears the north could face a desperate food situation. south korea's unification ministry released its yearly prediction of the north's grain harvest. crop production will fall between 400,000 and 600,000 tons from the average year. a spring drought and recent widespread flooding are cited as the cause. the ministry expects with foreign aid north korea may face grain shortages of 800,000 to 1 million tons from november. the per kilogram price of rice traded in the north rose about 1.5 times between february and august. analysts point out the deteriorating food situation will hurt north korea's leadership. supreme leader kim jong-un has made a promise to improve the people's lives. >>> a south korean government panel has proposed measures to combat bullying in schools. the members say the education system should be reviewed because it puts too much importance on university entrance exams. a number of junior high school students in south korea have committed suic

we asked how all this affects south korea's economy? we are expecting capital inflows and falling appreciation in the near future which may hurt some exporting farms in korea. but i don't think this is going to be a fatal blow to the korean economy. instead in the long term. i think it will be much easier for korean firms to finance their projects in the international market. and so, this -- credit rating upgrade is kind of benefit to korean economy rather than a concern. >> a small firm in tokyo has built an eco friendly car that runs on both hydrogen and gasoline. the minivehicle was remodeled from the regular gasoline powered car. equipped with hydrogen tank, fuel injector and control mechanism for running on hydrogen and gasoline. hydrogen emits no carbon dioxide when burned as fuel. the car uses gas len for sudden acceleration. company officials say combination of the two fuels cut emissions by 75%. the car can run 150 kilometers on one tank of hydrogen and 500 kilometers when gasoline is also used. at present it costs about $64,00

japan is also hoping to have a foreign minister meeting with south korea in new york. but many observers say if the two ministers meet they are likely only to reiterate their positions without making any progress on the territorial dispute. so it appears little will be the result for the time being and the noda administration is expected to face further difficulty in dealing with china and south katrina. >>> the chinese foreign ministry said that japan is infringing on other nations' sovereign city, ignoring history and international law. chinese foreign minister didn't show up for the speech. he's scheduled to speak at the u.n. on friday. he is expected to reiterate chinese claims and pressure japanese leaders into accepting that a territorial issue exists between them. south korean foreign minister didn't show up either. he has rejected japan's proposal to bring the dispute to the international court of justice. south korean officials believe that no dispute exists over those islands since they control them. >>> hundreds of chinese have protested in front of the u.n.

south korea estimes a signifant drop in north korea's grain harvest this year. the forecast is raising fears the north could face a desperate food situation. south korea's unification ministry released its yearly prediction of the north's grain harvest. crop production will fall between 400,000 and 600,000 tons from the average year. a spring drought and recent widespread flooding are cited as the cause. the ministry expects with foreign aid north korea may face grain shortages of 800,000 to 1 million tons from november. the per kilogram price of rice traded in the north rose about 1.5 times between february and august. analysts point out the deteriorating food situation will hurt north korea's leadership. supreme leader kim jong-un has made a promise to improve the people's lives. >>> a south korean government panel has proposed measures to combat bullying in schools. the members say the education system should be reviewed because it puts too much importance on university entrance exams. a number of junior high school students in south korea have committed suic

four years ago, the island became the only place in south korea that accepts chinese tourists without a visa. the number of chinese visitors has tripled over the past three years. shopping is the highlight of their trip. they buy all kinds of brand name goods from watches to bags. >> translator: i bought souvenirs. >> reporter: chinese businesses are making end roads too. the president of a real estate development firm, it's parent company is located in eastern cho china. his firm will be the first among chinese businesses to build a large resort on the island. getting prov for proje like this usually takes about two years, but thanks to special consideration from the local government, his company received a go ahead in just ten months. it plans to invest $250 million into the project. construction of a hotel and other facilities is slated to begin in autumn. >> translator: large chinese companies are watching us closely to see how our project will turn out. of course, we are confident it will be a success. >> reporter: chinese businesses and people are now becoming an important part

four years ago, the island became the only place in south korea that accepts chinese tourists without a visa. the number of chinese visitors has tripled over the past three years. shopping is the highlight of their trip. they buy all kinds of brand name goods from watches to bags. >> translator: i bought souvenirs. >> reporter: chinese businesses are making end roads too. the president of a real estate development firm, it's parent company is located in eastern cho china. his firm will be the first among chinese businesses to build a large resort on the island. getting approval for a project like this usually takes about two years, but thanks to special consideration from the local government, his company received a go ahead in just ten months. it plans to invest $250 million into the project. construction of a hotel and other facilities is slated to begin in autumn. >> translator: large chinese companies are watching us closely to see how our project will turn out. of course, we are confident it will be a success. >> reporter: chinese businesses and people are now becoming an importa

well it's not all against china it's certainly there's the dispute between south korea and japan and japan and russia so there are a number of issues and yeah the reasons for really are all of the there is the longstanding territorial disputes it's flavored with historic animosities given japanese actions in the last century there's also rising nationalism particularly in china and we're also seeing it in japan and korea and then also what makes this different from the similar incidents in two thousand and five two thousand and six is that beijing's much more willing to assert itself in the past and that's what led secretary panetta to express concern that particularly the issue between japan and china could get out of hand even inadvertent clashes which always have the danger of escalating further markets if the united states reluctantly being dragged into this or is it happy that it has proxies to contain china. you know well. what's the sequence of events that we're looking at here we're looking at a multiple series of events one is the obama administration signaling a greater uni

. >>> north korea has refused an offer of emergency relief supplies from south korea. much of the north was inundated this summer after torrential rains and a typhoon caused widespread flooding and damage. there was also loss of life. more than 500 people were killed or remain missing. north korea informed the south about the refusal on wednesday. south korea's unification ministry had offered emergency supplies worth about $9 million. they included 10,000 tons of wheat and 3 million packages of instant noodles. north korea said in a statement it does not need the assistance. it said it wasn't satisfied with the items. north korea refused an aid offer from the south after a similar disaster last year due to dissatisfaction with the offered items. south korea apparently hoped to use the aid to initiate dialogue with the north and improve relations, but there now seems to be no such prospect after the refusal by the north. >>> people in japan are working to find closure on an issue that dates back to world war ii. thousands of japanese died in what is now north korea. bu

south korea has extended an olive branch to north korea in the hopes of opening up dialogue. the country's unification minister says he has opened talks to discuss relief aid for flood damage in the north. he told parliament that officials from the south korean red cross asked north korea to hold working level red cross talks. north korea's state-run media reports that about 500 people died or remain missing as a result of floods caused by heavy rains in june and july. the media also reports that a typhoon last month destroyed about 45,000 hectares of farm land. north korea has recently been increasing its criticism of south korean president lee myung-bak. analysts in seoul say they hope to resume talks through the aid talks. north korea has not yet responded to the request. >>> the latest exercise by south korean security forces is expected to further inflame a diplomatic dispute with japan. soldiers and police are taking part in a drill around takeshima islands in the south china sea. the japanese government claims sovereignty over the islands. south korean military personn

galaxy note 2 in south korea. this comes amid more intense competition worldwide, especially from its main rival apple. the new model comes with a stylus, it lets users write letters and draw pictures on its 5 1/2 inch screen. the hand set is also expected to be released in 128 other countries including japan. samsung had initially planned to begin sales of the galaxy note 2 in early october. but it launched the handset ahead of schedule, apparently after apple launched its iphone 5 last week. samsung is reportedly aiming to gain an edge over apple by adding more new models to its smartphone lineup. >>> south career's leader these -- he spoke and an armed forces ceremony wednesday in the south province. he said that differents of opinions in territorial claims. another issue is a row between japan and china over the islands. the south korean leader called for building stronger armed forces. the leaders of japan and columbia are pushing for stronger economic times. they gave the green light for starting nuclear lev

it makes south korea higher than japan for the first time jach. time. >>> an executive of nissan motors say car sales in japan affected by the dispute over the senkaku island in the east china sea. nissan holds the largest market share in china among japanese makers. nissan's chief operating officer said the firm showed sluggish august sales in china. that is because japanese carmakers could not carry out promotion events, especially outdoors. the comments came among protests across china over the senkaku islands. these are also claimed by china. the nissan executive said he thinks anti-japan protests are spurring demand for german cars. >>> people in japan's northeast are focused on overcoming the challenges of the 2011 disaster but, it won't be easy. they have to rebuild homes and businesses and communities. we will show you their struggles and their successes on "the road ahead" every wednesday at 1:00 p.m. here on "newsline." >>> the people responsible for disaster preparedness in japan have drawn up a picture of wide spread flooding in tokyo.

a popular and successful entrepreneur is trying to shake up politics in south korea. ahn cheol-soo put an end to speculation by confirming he will run as an independent in december's presidential election. ahn is the third major candidate to officially join the race. nhk world's soichi sukimoto reports from seoul. >> reporter: it's the moment people in south korea have been -- especially the media, have been waiting for. ahn cheol-soo walked into his news conference in seoul, and the nation paused to listen. >> translator: i hereby announce my candidacy for the 18th presidential election. >> reporter: ahn is considered the bill gates of south korea. the 50-year-old is a former software entrepreneur well-known for his development of anti-virus software. he has never been a politician and has no tie official ties with either of the country's two main political parties. >> translator: let's walk along together. we can change our lives only when politics changes. >> reporter: analysts say that could help him attract many young voters. he can do a great job because everyon

. >>> south korea's president says he disputes the islands. he was speaking in fusan at a ceremony for south korea's coast guard. he mentioned his recent visit to the islands. >> reporter: when i visited, i felt very reassured to see your strong determination to protect south korea's territorial waters. >> tensions in northeast asian waters are rising. he says his country is strengthening security around the islands. >>> a man who was once one of china's top police officers is going the jail for covering up a crime. judges sentenced wang lee-jun to 15 years in prison in a case that exposed chinese politics to worldwide scrutiny. he was an aide to bo xilai, the ousted communist party life of chongqing. weng was also the chief of police and deputy mayor of chongqing. he was found guilty of covering up the murder of a businessman by bo's wife, gu kailai. prosecutors accused him of defecting and seeking political asylum in chengdu. they also said he abused wiretapping laws and accepted bribes. xinhua news agency reports he bears grave criminal res

south korea's samsung lech troing maze add the apple iphone 5 to a patent infringement

south korea has controlled the territory since the early 1950s. the japanese government claims sovereignty over the islands. south korean military personnel and maritime police are involved in the exercise. the drill is aimed at preventing anyone from trespassing on the islands. south korea staged a similar exercise about twice a year. the last one was in february. the current drill is on a smaller scale than originally planned. marines canceled a landing exercise at the last minute, and the maritime police are playing a leading role instead of the military. south korean officials have also reduced the number of vessels taking part. they say the exercise is not intended to prepare for a fight with a friendly nation. >>> japan has launched a protest against south korea's military drill. a japanese embassy official in seoul visited friday the south korean foreign ministry. he said the maneuvers near japan's territory violate its sovereignty and called them unacceptable. the south korean official reportedly brushed aside the protest. the two diplomat

i want to show you what's happening across parts of south y korea. after battering the southern japanese islands headed north to south korea pummeling the southern hal of the peninsula on monday. over 500 millimeters of rain were recorded. the storm also caused dozens of flight cancellations and extensive blackouts affecting more than 52,000 homes and shops. what we're seeing now is a much weaker system. it's still a large system. it's expected to make landfall here this morning and then to become a much weaker system. we'll see a remnant low by the end of the day. it then heads off into the province of north eastern china. a part from the rainfall that you're certainly likely to see around this system, it's also causing problems with heavy rain in japan although there wasn't a direct hit in main land japan. we've been seeing a lot of moisture through central location. even this morning there's 18 millimeters in the space of one hour. there's definitely enough rain to bring the considerations for flash flooding. some portions of central japan are lik

i want to show you what's happening across parts of south y korea. after battering the southern japanese islands headed north to south korea pummeling the southern half of the peninsula on monday. over 500 millimeters of rain were recorded. the storm also caused dozens of flight cancellations and extensive blackouts affecting more than 52,000 homes and shops. what we're seeing now is a much weaker system. it's still a large system. it's expected to make landfall here this morning and then to become a much weaker system. we'll see a remnant low by the end of the day. it then heads off into the province of north eastern china. a part from the rainfall that you're certainly likely to see around this system, it's also causing problems with heavy rain in japan although there wasn't a direct hit in main land japan. we've been seeing a lot of moisture through central location. even this morning there's 18 millimeters in the space of one hour. there's definitely enough rain to bring the considerations for flash flooding. some portions of central japan are li

considering that more from south korea's officially remaining out war. but russia itself may be feeling the pinch of the downturn. and that's according to the monetary fund of the organization's latest outlook has a lower growth targets and a higher estimate of inflation consumer prices have jumped more than the annual target of around six percent and growth remains pretty sluggish the local economists actually believe despite all of this that russia's central bank was right and boosting the interest rates last week even as the regulators all with the world did just the opposite ours and our bank is going opposite direction of a increase of their interest rate which is unusual because all other god is in degrees and it's a part of the hour and you play should pull this because for our country will be different problems we have are less problems with unemployment there are more problems with. credit policy even money which was used for void for stature and you know them as it used to be said all the different ways. well let's now take a quick look at the

it's a busy day at the heavy industries ship building plant in south korea. over 10,000 workers churn out a massive new ship every three days. 40 years ago, this chip yard didn't even exist, and south korea's ship building industry was tiny. but today this mid-zed nation of 50 million people is the number one ship builder in the world. with an industry that supports a huge number of jobs -- >> today, almost half of the world's commercial ships are made in south korea. >> the co-founder of the new america foundation runs the think tanks program on economic growth. he points out south korea's dictator in the '60s and '70s gave subsidies to develop heavy industries like steel, ship billing and cars. the companies that were backed, hundred die, lg and samsung are now household names. other asian countries like china and japan funded industry too, often with impressive results. >> together, they had 8% of globalship building. it's entirely a product of industrial policy, and particular subsidies by government. >> u.s. ship building once tried -- >> thanks in part

it's a busy day at die heavy industries ship building plant in uslan, south korea. over 10,000 workers atdie churn out a massive new ship every three days. 40 years ago, this ship yard didn't even exist and south korea's ship building industry was tiny. but it today, this is the number one ship builder in the world. with an industry that supports a huge number of jobs. >> almost half the world's ships are made in south korea. >> reporter: michael lind, co-founder of the american foundation runs the think tanks program on economic growth. he points you that the south korea's dictator in the 1960s and '70s, pack chung he, gave subsidies to develop heavy industries like steel, ship building and cars. the companies that were backed, hyundai, lg and samsung, are now household names. other asian countries, like china and japan, funded industry too of the within impressive results. >> together, they had 8% of global hip building in 1975 this year, they have more than 90%. it is unentire lay product of industrial policy and in particular, subsidies by governments. >> report

it's a busy day at hyundai heavy industries ship building plant in south korea. over 10,000 workers at hyundai heavy churn out a massive new ship every three days. 40 years ago, this shipyard didn't even exist and south korea's ship building industry was tiny. but today this midsized nation of 50 million people is the number one ship builder in the world. with an industry that supports a huge number of jobs. >> today almost half of the world's commercial ships are made in south korea. >> michael lind, co-founder of the new america foundation, runs the think tank's program on economic growth. he points out that south korea's dictator inhe 1960s and '70s gave subsidies to develop heavy industries like steel, ship building and cars. the companies that were backed, hyundai, lg and samsung, are now household names. other asian countries like china and japan funded industry, too, often with impressive results. >> together they had 8% of global ship building in 1975, this year more than 90%. it is part of policy and subsidies by government, in particular. >> u.s. ship b

check out the video that someone got from a high rise in south korea. you can see the rough seas, the pier and the water getting dangerously close to the road. >> the person who captured this video said that's video one. check out video two, a little while later. >> wow. wow. it's washed over the barrier, it's washed across the street and now it is swamping this car. so far one person in south korea has died as a result of typhoon sanba. but thousands are without power in japan. then it moved into north korea and tens of thousands there are without power. some people have been left homeless because of this, and 300-plus flights were canceled as well as ferry service because of this typhoon. >>> there's a reason why this video is called kitty eats with fork. look at that, there's a cat eating with a fork. >> this cat is named nyla. she seems to be enjoying this plate of mashed potatoes or egg salad. >> it turns out there's quite a few of these videos on the internet of cats eating with forks. >> but i don't think this cat is one of those, because we're n

the landing drill had been scheduled by south korea in four days of training around takeshima. they held a meeting last week and decided to scrap the exercise. the president's visit to the island last month was enough to show his resolve to protect the territory. the official also says the landing exercise was not intended to provoke a war with a friendly make. takeshima is controlled by south korea but japan says it is part of their prefecture. >>> nearly 5,000 people died in syria last month. among them was a japanese freelance journalist. she was fatally shot while reporting from aleppo. back in japan, her closest colleague is trying to find out more about the cirques of her death. nhk world reports. >> reporter: gathering in front of the agency in tokyo. they want to know how and why a japanese reporter was killed in syria. he worked alongside her in tokyo. >> translator: i want to know who shot mika yamamoto and i want to know the circumstances of the shooting. >> reporter: syrians say yamamoto didn't have a visa to be in the country and they are not responsible for her de

♪ >> the daughter of the south korea former military strongman has apologized for the human rights violations committed and is currently running for president in the south korean december elections. just a warning, there is some fast photography in this report. >> just weeks into her presidential nomination, the first credible female candidate is apologizing. not for herself, but for her father. >> i think that incidents in the past damaged constitutional values and delayed the political development of correa. i apologize once again to the victims and their families and said the government. >> he was perhaps south korea's best known president. his legacy has left a long shadow. for weeks she has tried to tread a fine line between those perspectives of her father's rule. controversy in the past has continued to dog her campaign amongst younger, liberal voters, whose support she needs to win. >> people are well aware for difficulty in terms of judging the parents and the errors. however, as long as i am standing as the country's presidential candidate, i should answer the people. >> she has bee

it's a busy day atdie heavy industries ship building plant in uslan, south korea. over 10,000 workers atdie churn out a massive new ship every three days. 40 years ago, this ship yard didn't even exist and south korea's ship building industry was tiny. but it today, this is the number one ship builder in the world. with an industry that supports a huge number of jobs. >> almost half the world's ships are made in south korea. >> reporter: michael lind, co-founder of the american foundation runs the think tanks program on economic growth. he points you that the south korea's dictator in the 1960s and '70s, pack chung he, gave subsidies to develop heavy industries like steel, ship building and cars. the companies that were backed, hyundai, lg and samsung, are now household names. other asian countries, like china and japan, funded industry too of the within impressive results. >> together, they had 8% of global hip building in 1975 this year, they have more than 90%. it is unentire lay product of industrial policy and in particular, subsidies by governments. >> report

they include territorial disputes with china and south korea, japan's new energy policy, and an extensive reform of the social security system. prime minister noda says he's ready to meet those challenges head on. >> translator: there are times when i have to make a decision despite divisions within my party or among public opinion. throughout the past year, i have been reminded how painful and difficult such decisions can be. i realize that this country continues to face difficult problems at home and abroad. i have to address each one of them in a decisive manner and am fully aware of my responsibility. >> yoshihiko noda may be keeping his job as leader of the democratic party, but his days as prime minister could be numbered. for more on this story shery ahn spoke earlier with nhk world's political commentator masayo nakajima. >> what's next for the prime minister? >> noda will likely be forced to call a general election between november and january. you know, the opposition helped noda pass his package of tax and social security reforms. in exchange, he promised to dissolve the lower

south korea, rallied close to 3%. there was another positive going into this market in that s&p upgraded south korea's long term sovereign rating. they're following up on the likes of mood candy's and fitch which made a similar move earlier this year. so this market rallied close to 3%. shanghai composite, the underperformer. only higher by just over half a%. tightly liquidity positions. evident in light of the fact that the pboc conducted 28 day reverse repos. so a lot of people are waiting out to see whether the japanese and even the chinese joined the easing party. back to you. >> at the same time, china state researchers have criticized the fed's qe-3 program saying the move will cause global inflation and drive ups asset prices. one think tank calls it irresponsible. researchers in beijing says the new bond buying scheme will be particularly for china given its large treasury holdings. simon, let's pick up on that. are we going to see greater dollar weakening and will it have a major impact on asset prices in eme

korea. they are pushing for japan to take a stronger stance. the polls suggest that the ldp is in a good position to defeat the dpj. so the candidate who becomes the next party leader might find himself as prime minister within months. >> what about this new party, nippon ishin no kai? >> mm-hmm. voters who are tired of the establishment parties are now looking at this so-called third poll. nippon ishin no kai" means restore japan. hashimoto wants to review japan's pacifist constitution, promote free trade, and cut the number of diet members in half, along with cutting the salaries of those who remain. his populist and nationalist views have won him support. but some find him -- some see him as a charismatic politician, who is more about style than substance. you know, he is aiming to win more than a third of the seat in the lower house. make no mistake, hashimoto will be a key player in the coming elections. >> nhk world's senior political commentator masayo nakajima. >>> japan's coast guar

it's a busy day at hyundai heavy industries ship building plant in south korea. over 10,000 workers churn out a massive new ship every three days. 40 years ago, this shipyard didn't even exist and south korea's ship-building industry was tiny. but today this midsize nation of 50 million people is the number one ship builder in the world. with an industry that supports a huge number of jobs. >> today almost half of the world's commercial ships are made in south korea. >> michael lind, co-founder of the new america foundation, runs the think tank's program on economic growth. he points out that south korea's dictator in the 1960s and '70s gave subsidies to develop heavy industries like steel, ship building and cars. the companies that were backed, hyundai, lg and samsung are now household names. other countries did it with different results. >> this year they have more than 90%. it is entirely a product of industrial policy and in particular subsidies by governments. >> u.s. ship building once thrived, says lind, thanks in part to subsidies. but in the 1980s, presi

it's a busy day at this ship building plant in uslan, south korea. over 10,000 workers churn out a massive new ship every three days. 40 years ago, this ship yard didn't even exist and south korea's ship building industry was tiny. but today, this is the number one ship builder in the world. with an industry that supports a huge number of jobs. >> almost half the world's ships are made in south korea. >> reporter: michael lind, co-founder of the american foundation runs the think tanks program on economic growth. he points you that the south korea's dictator in the 1960s and '70s, pack chung he, gave subsidies to develop heavy industries like steel, ship building and cars. the companies that were backed, hyundai, lg and samsung, are now household names. other asian countries, like china and japan, funded industry too often within impressive results. >> together, they had 8% of global ship building in 1975 this year, they have more than 90%. it is entirely product of industrial policy and in particular, subsidies by governments. >> reporter: u.s. ship

. >>> typhoon sanba is now barrelling toward south korea after landing in okinawa. that's where american troops are based. there is no report of damage but the storm is moving north with 120-mile-per-hour winds. it's expected to hit south korea in a couple days. >>> some 350,000 people celebrated mass today with pope benedi benedict in lebanon. he called for peace in syria saying both sides should lay down their arms. it marks the end of the pope's three-day visit to lebanon. >>> hotels, intimate wine tasting, a trip around the world with a wine glass. i'm fine. ♪ ♪ ♪ with a subaru you can always find a way. announcer: love. it's what makes a subaru, a subaru. ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. what a bargain! [ female announcer ] sometimes a

at another session, participants from asian nations, such as south korea and mongolia, exchanged opinions on how countries in the region could benefit from an international grid to trade electricity. >> east asia is already connected by an undersea communication cable network. this shows that a supergrid is not an impossible scenario. >> reporter: japan has been slow to expand its renewable energy sector. before the fukushima accident, nuclear power provided about 30% of the country's electricity. renewables accounted for around 10%. the japanese government is aiming to increase the supply of renewables so that they provide more than 25% of the country's electricity by 2030. national policy minister motohisa hirokawa spoke at the symposium about what he called a green energy revolution. >> translator: we must create a new society with an aim to stop depending on nuclear power which poses a risk of serious accidents that can force people to stay away from their homes for years. >> a recent poll suggested more than half of japanese agree. and want their government to abandon nuclear power.

korea they when. it was a park was the dictator who took over in the in the sixty's and at that time the annual income. the aneurism per capita income was like around six hundred dollars a year and their major exports were fish and human air and he just said he said we're going to we're going to start manufacturing an export in like crazy and people who were smoking foreign cigarettes were singled out on the streets for being shamed you know the news programs and things like this so there was this sense this is very rapid very and very quickly south korea you know industrialized doing that but. is that is that the city that does best demand right i think it yeah because there was demand for domestically made products. and also what happens is that shields you from foreign competition because if people want to buy a japanese car in your japan they won't be seen dead driving an american car for example you have to worry about pricing yourself against american cars because they're going you know they're