Hello, a very warm welcome to NHK Newsline. I'm Yamamoto Miki.
NIKKEI 225 MARKS 3RD-LARGEST FALL
Tokyo stocks tumbled on Monday. The sell-off came amid rising fears that a disruption to oil supplies could damage global economic growth.
Our senior business correspondent Yasui Seiichi is at the Tokyo Stock Exchange to walk us through Monday's trading.
00:00:32 話者 2/Yasui Seiichi
The conflict in the Middle East is driving up crude oil prices, which is unnerving stock market investors.
The benchmark Nikkei 225 finished at 52-thousand-728. down 2,892 points, or 5.2%.
The index marked its third largest decline on record at the close.
Earlier, it briefly plunged more than 4,200 points, or 7.5%, the second biggest intraday point drop ever.
Investors are becoming increasingly concerned about a stable supply of crude oil.
Japan relies heavily on imports, and a growing number of energy-related facilities in the Middle East have been damaged.
The hostilities are preventing oil tankers from passing through the Strait of Hormuz, a key waterway for exports.
The threat to oil supplies is now the main focus of investors, as they reposition themselves in the market.
Yasui Seiichi, NHK world from the Tokyo Stock Exchange.
TRUMP REACTS AS KHAMENEI'S SON NAMED NEW SUPREME LEADER
00:01:41 話者 1
The second son of Ayatollah Ali Khamenei has been named Iran's new supreme leader.
The US president was quick to react, telling US media he is not happy with the decision.
Trump had previously called Mojtaba Khamenei "a lightweight and an unacceptable selection."
Washtaba Khamenei is said to have deep ties with the Islamic Revolutionary Guard Corps and the Basij militia group, but he has never held public posts and little is known about him.
Iranian President Masoud Pezeskian said in a statement that this decision marks a new era of dignity and will consolidate national unity.
EXCHANGE OF ATTACKS IN REGION CONTINUES
Meanwhile, the exchange of attacks in the region continues.
On Sunday, the Israeli military announced that it had carried out large-scale airstrikes on Tehran and other locations in Iran.
Around 50 ammunition depots belonging to security agencies were targeted as well as their headquarters.
In response, Iran has repeatedly launched missiles toward Israel and continues to carry out attacks on Gulf countries.
Kuwait's state-run media reported that government facilities had come under attack.
In Saudi Arabia, two people were killed in an explosion near the capital, Riyadh.
CNN reports that these are the first fatality in that country since the conflict began.
Bahrain's health ministry says 32 people have been injured in Iranian drone attacks that took place early on Monday. Among them is a two-month-old baby.
Images from Reuters news agency also show thick smoke rising from the direction of the Bakko oil refinery.
Due to the heightened tensions in Iran, the Japanese government is assisting Japanese travelers and others who wish to leave four Middle Eastern countries: Kuwait, Bahrain, Qatar and the United Arab Emirates.
At a news conference on Monday, Chief Cabinet Secretary Kihada Minoru announced that a second charter flight is scheduled to depart from Saudi Arabia and that additional flights will be arranged in the coming days.
ANALYSIS: DECODING CARNEY'S GLOBAL STRATEGY
Canadian Prime Minister Mark Carney wrapped up his multi-country tour with a stop in Japan, his first since taking office.
He met with his counterpart Takaichi Sanae and they agreed to launch a bilateral economic security dialogue.missile
But that wasn't the only topic on Kearney's mind. The Iran conflict and boosting ties with countries in similar positions are some of his other focuses.
He discussed them in an exclusive interview with NHK World's US correspondent Mori Kenichi. He told me about it earlier.
Kenichi, Carney has attracted a lot of attention because of his speech a couple of months ago he made at the World Economic Forum in Davos, and he continues to convey a lot of the same messages. What stands out to you?
00:04:54 話者 3/Mori Kenichi
I think one of the key ones is that the world order has been ruptured, and the old one is not coming back.
He emphasizes how so-called middle powers should work together, though he stresses that it's not about uniting every single one of them.
00:05:13 話者 4/Mark Carney
The point is that, depending on the issue, forming coalitions that are important to other countries, where you share the values, you can accomplish a lot.
And the more of those coalitions you form, the more diversified you are as a country.
00:05:31 話者 3
He's pushing for flexible correlations whenever necessary.
This approach resembles how businesses diversify supply chains to keep producing even when unexpected disruptions occur.
It also reflects a realistic outlook.
No single country will take the lead, and each nation must advance its own initiatives.
00:05:55 話者 1
Right. The US and Israel have been advancing an operation of their own recently in Iran.
How is Carney addressing that?
00:06:03 話者 3
It's a tricky matter for Carney and others respond to.
He points out that Canada is not being kept in the loop.
00:06:13 話者 4
We weren't consulted. nor were most other allies.
We're not consulted on the action that's taken.
We're not a party to the action. We're not engaged in the action. And we're dealing, in effect, with the consequences of that for our citizens in the region.
00:06:33 話者 3
When the fighting first broke out, Canada quickly declared its support for the United States.
Some media outlets have suggested it appeared inconsistent with the firm's stance toward Washington that he voiced in Davos.
In my interview, Carney reiterated Canada's support for preventing Iran from acquiring nuclear weapons.
His remarks again reflect his realism. That is, since the situation has already escalated, the priority is to ensure Iran does not regain nuclear ambitions in the future.
00:07:12 話者 1
Now, before visiting Japan, Carney traveled to India, to Australia, and in January met with China's president. What's behind these efforts to boost ties?
00:07:23 話者 3
As I mentioned earlier, Carney said the world faces a different reality.
And he has been at the doorstep of one of the biggest reasons for this, US President Donald Trump and his approach to trade.
00:07:39 話者 4
That is destabilizing because you have agreements, you have rules, and then the other side decides not to follow those agreements and change the rules.
00:07:49 話者 3
Somehow interpreted Carney's response as a move away from America.
But in the interview, it became clear that his stance is not anti-American or post-American.
Rather, it's about reducing over-dependence on the United States.
His swift outreach to China and India ties that had cooled in recent years fits his strategy of expanding Canada's options.
Last month, he unveiled a plan to strengthen Canada's domestic defense industry.
That's another step intended to reduce realliance on the United States.
With abandoned resources such as critical minerals and the energy, Canada appears ready to explore broader partnership with other nations.
00:08:43 話者 1
And one of those nations being Japan, evidently, Tell us about that.
00:08:47 話者 3
During the interview, Carney described Japan as Canada's closest friend.
In fact, he once even called it home. He used to live here for a period of time.
Setting aside any diplomatic courtesy, it's clear he regards Japan as a stable, reliable partner with whom Canada has few strategic divergencies.
As he has been advocating for, the countries are expected to form coalitions on a sector-by-sector basis.
These will likely span areas such as critical minerals, energy, and AI.
Carney does warn that these sectors could themselves become triggers for conflict.
Conversely, if their countries lead efforts to create stable frameworks in such fields, it may reduce tensions and contribute to preventing future conflict.
He again says that it's worth focusing on areas where countries can find agreement.
He points out one example, how Japan and Canada both care about climate change.
00:10:00 話者 4
We make sure that we bring our resources together, we produce cleaner cars, we produce cleaner power. Down the road, the US will come to that.
We will be better off having done that today. So we don't wait for the United States.
We prepare for when the United States comes towards us.
00:10:21 話者 3
So Carney seemed to have his eye on long game, and that requires building relationships.
In an increasingly uncertain world, this kind of cooperation becomes all more important.
NEW MISSILE SYSTEM BOOSTS SDF ABILITIES IN SOUTHWEST JAPAN
00:10:46 話者 1
Japan's defense ministry has delivered an extended-range anti-ship missile system to a ground self-defense force camp in southwestern Japan.
The move is aimed at boosting the country's counter-strike capabilities.
A launcher, a guidance system and other equipment were brought into Camp Kengu in Kumamoto Prefecture earlier on Monday.
They are intended for an upgraded Type 12 surface-to-ship missile.
It has an extended range of about 1,000 kilometers and can strike ships at sea and other targets. The missiles will be deployed at the camp this month for the first time.
It comes amid China's heightened military activities around Japan's Nansei Islands, as well as North Korea's repeated ballistic missile launches.
Protesters rallied outside the camp to oppose the deployment.
Some carried placards saying no missiles.
The defense ministry did not hold any explanatory meetings for local residents about the installation.
Work to roll out extended-range missiles is also expected to start at other SDF units.
EX-UNIFICATION CHURCH APPEALS TO JAPAN'S SUPREME COURT
The group, widely known as the Unification Church, has appealed to Japan's Supreme Court to overturn a ruling by a lower court ordering its dissolution.
The Tokyo High Court last week upheld the order to disband the group as a religious cooperation.
It found the group's practice of collecting massive donations violated civil law.
The judge pointed out many people suffered extensive property losses and mental pain as a result.
The group had described the dissolution order as unfair, claiming it was a foregone conclusion and in violation of the principle of trial by evidence.
The order strips the group of its legal status as a religious corporation and denies it tax benefits.
Procedures are underway to dispose of the group's assets and compensate those who suffered financial damage.
The group was cast into the spotlight after the fatal shooting of former Prime Minister Abe Shinzo in 2022.
The shooter said he believed Abe had close ties to the group.
He said his mother had made large donations to it, bringing financial ruin.
BUSINESS
Now for more business stories, here's Gene Otani from The Biz Desk.
00:13:20 話者 5/Gene Otani
Miki, thanks. In other top business stories this hour,
JAPAN'S REAL WAGES MARK FIRST RISE IN 13 MONTHS
the wages of Japanese workers grew in January by more than inflation for the first time in 13 months.
Preliminary data released by the Labor Ministry show RealPay rose 1.4% in January from the same month last year.
That was based on a nationwide survey of over 30,000 businesses with at least five employees.
Nominal wages, including overtime, averaged just over 300,000 yen, or about $1,900.
That was up 3% year-on-year, the 49th consecutive month of growth.
Fixed wages, including base pay, also rose 3%, the highest in over 33 years.
Ministry officials say paychecks are growing steadily, while inflation is easing off.
JAPAN'S TRADING CARD GAMES SPARK GLOBAL ASSET HUNT
Another vibrant sector of Japan's pop culture is going global.
That's trading card games.
It was once a playground hobby. Now the cards have evolved into a serious obsession for players and collectors of all ages, including investors.
NHK World's Igarashi Jun has more.
00:14:38 話者 6
A packed tournament in Tokyo.
People of all ages turn up armed with a deck of trading cards. They face off for intense one-on-one battles, unleashing the characters and their powers illustrated on the cards.
Unlike many video games, this offline experience brings the whole family together.
Kanno Koji is a long-time pokémon fan.
He used to compete in official tournaments, winning Japan's grand championship two times.
Now apparent, trading cards have become a bridge between Kanno and his children.
00:15:39 話者 7/Kanno Koji
My children always ask me, 'Dad, let's battle.' We all really enjoy playing.
00:15:52 話者 6
And they are not alone. The trading card market in Japan has exploded, topping 300 billion yen or 1.9 billion US dollars in fiscal year 2024.
Fujii Daisuke is in charge of a monthly magazine covering toys.
He says the boom was triggered by the social media craze of unboxing.
00:16:18 話者 4/Fujii Daisuke
People began posting YouTube videos to show them opening sealed packs of cards.
These videos went viral, and the popularity of trading cards, mainly pokémon, really took off.
00:16:31 話者 6
That popularity has driven up prices, where trading cards are increasingly viewed as valuable investment assets.
00:16:41 話者 6/Igarashi Jun
I'm in the Tokyo-Akihabara area, famous for anime, games and yes trading cards many stores here sell them and foreign tourists are eager to buy in.
00:16:54 話者 6
This tourist from Germany came away with a souvenir for his friends.
00:17:00 話者 17
For me and a couple of friends at home it's fun trading collecting.
00:17:07話者 6
Some cards in this shop date back to the 1990s others include the latest releases.
Rare ones can sell for over two thousand dollars.
Many customers come from abroad on the trail of highly desired chase cards.
Fun for some, for others, fortunes are at stake.
In February, an extremely rare pokémon card called the pokémon Illustrator sold for almost sixteen and a half million dollars at auction in the US.
The latest export of Japan's pop culture is not without controversy.
Experts say soaring prices and the rise of scalpers are pricing some regular players out of the market.
00:17:58 話者 4
The pricing situation in the market is not very favorable for ordinary children playing card games.
We have to hope that everyone involved, users, fans and collectors, take steps to self-regulate the industry.
00:18:14 話者 6
Addressing these issues will be a challenge, but Japan remains the beating heart of trading card culture, and the enthusiasm from children and adults alike shows no sign of fading.
Igarashi Jun, NHK World.
MARKETS
00:18:30 話者 5
All right, let's have a look at the markets.
♪
And that's it for business news.
'DISASTER GENERATION' PASSING ON LESSONS OF DEVASTATION
00:19:10 話者 1
This week marks 15 years since the Great East Japan earthquake and nuclear accident.
Many students in the region today were not born when the disaster struck and have no memories of that day.
We spoke with one junior high school student in Fukushima Prefecture who wants to carry the message forward as a member of the disaster generation.
NHK World's Yabuki Hayato has the details.
00:19:39 話者 8/Yabuki Hayato
Five local junior high school storytellers appeared at this event.
They talked about the earthquake and resulting accident at the Fukushima Daiichi Nuclear Power Plant.
Matsuo Honoka started telling stories about the disaster last year.
Honoka was born in February 2011, three weeks before the earthquake. Of course, she has no memory of it. So why did she start sharing stories about the disaster? The catalyst was her classmate, Suzuki Aoi.
Aoi's home near the sea was severely damaged in the tsunami, and she began doing testimony work before Honoka. When she started as a storyteller, Honoka struggled with the question of whether it made sense for someone like herself to be talking about it.
00:21:18 話者 18/Matsuo Honoka
Someone who really experienced it can connect with listeners much more directly and clearly, but I hadn't and don't even remember it, so I thought talking about it would be difficult.
Honoka decided to ask her parents what was happening around her when she was still a baby.
00:21:42 話者 4/Matsuo Shugo/Father
After the nuclear plant explosion happened, I was riding my bike looking for things like diapers and powdered milk.
It was cold, too, and there was no gasoline. Things were pretty tough.
00:21:54 話者 8
Honoka learned how hard it was for her parents at the time. She also came to realize how important it is to be prepared for disasters in everyday life. Now, as memories of that time fade,
Honoka continues to speak out as part of the disaster generation. She also began telling stories in English to visitors from abroad.
00:22:21 話者 18/Matsuo Honoka
We talk about not only the past, but also the future. We never know when or where the next disaster will happen. Can we make use of our experiences?
Just like generations before us, I feel young people born around March 11th also need to keep pushing forward.
Beyond that, there's a hope that what we are doing is connected to disaster mitigation and prevention, and that we can help save lives when the next disaster strikes.
00:22:57 話者 8
Honoka is determined to pass on what she has learned from those who remember.
She plans to keep sharing those stories even after graduating from junior high school. Yabuki Hayako, NHK World.
JAPAN'S FUKUSHIMA AIMS TO ENTICE S.KOREAN TOURISTS
00:23:32 話者 1
Now Japan's Fukushima Prefecture is appealing directly to potential tourists in South Korea with a new video campaign highlighting its recovery from the March 2011 disaster. The video began showing on Monday at 12 locations in the capital Seoul and the second largest city of Busan. South Korea suspended imports of marine products from eight Japanese prefectures, including Fukushima following the 2011 accident at the Fukushima Daiichi nuclear power plant triggered by the massive earthquake and tsunami.
Japan's reconstruction agency made the video to underscore the prefecture's recovery. A Korean-language message says, Now is the time to visit Fukushima. Footage includes local sake and Tsurugajo Castle, a popular tourist spot in Aizu-Wakamatsu city.
The 30-second video will be shown in busy commercial districts through Sunday. Fukushima officials say the number of visitors from South Korea last year was only one-tenth of what it had been before the nuclear accident. Other moves could help bring more tourists. Charter flights will connect Fukushima Airport and the South Korean city of Chonju in July and October this year.
SPECIAL COVERAGE LIVE
Mar. 11: NEW YORK 01:40
LONDON 05:40
TOKYO 14:40
NHK World will have a special program for the 15th anniversary of the Great East Japan earthquake and nuclear power plant accident. 40 p.m. Japan time on Wednesday. We will bring you live coverage of a moment of silence observed at the exact time the earthquake hit... and reflect on the country's lasting grief and lessons learned from the disaster.
♬
WEATHER
And it is time for a check on the weather with our meteorologist, Jonathan Oh.
So, Jonathan, we're riding a bit of a wave in terms of temperatures in Japan going through March. What can we expect this week?
00:25:53 話者 7/Jonathan Oh
Hello. We were talking about temperatures that are way above average at times last week, but then we see temperatures dropping off with overnight lows in places like Tokyo dropping down into the single digits. It looks like that we're going to be staying at that level as we go forward throughout the next few days. But we may be talking about some precipitation, not just rain, but maybe even some flurries as we have a couple of low pressure systems rolling on through. So the eastern side of Japan will be looking at some precipitation possibilities as we go throughout the next couple of days. Looking at rain and possibilities of flurries in Tokyo with a high of 9 on Tuesday. So it'll be a bit cooler before we see temperatures moving back to the low teens. But again, another possibility of some rain and even some flurries in Tokyo as we go through the day on Thursday.
Meanwhile, we're looking at some severe thunderstorm possibilities into the deep south of the United States. We saw over the weekend some storms up toward the north, but now the stationary front boundary down to the south bringing some unstable weather with some thunderstorms ahead of that. High temperatures with highs into the upper 20s as we go through Monday.
Hope you have a good day wherever you are.
♫~ 3-DAY FORECAST ~♫
00:27:36 話者 1
And that is all for this edition of NHK Newsline.
I'm Yamoto Miki in Tokyo. Thank you for joining us.
