at 20:00 (JST), November 24 AS

The Japan's werstern city of Osaka has been chosen as the host of the 2025 World Expo.

NHK has learned that there was an arrangement in place to pay former Nissan chairman Carlos Ghosn more than 70 million dollars, after he stepped down from his post.

A UN Security Council committee has granted a sanctions exemption for a joint survey on an inter-Korean railway project.

https://www3.nhk.or.jp/nhkworld/upld/medias/en/radio/news/20181124200000_english_1.mp3


Key words : city of Osaka chosen
https://www3.nhk.or.jp/nhkworld/en/news/20181124_03/

The Japanese city of Osaka has been chosen as the host of the 2025 World Expo.

Osaka won over 2 other candidate cities in voting by members of the Bureau International des Expositions in Paris on Friday.

Key words : Matsui swiftly
https://www3.nhk.or.jp/nhkworld/en/news/20181124_13/

The governor of Osaka has pledged to swiftly establish an organizing body for the city's World Expo to be held in 2025.

Governor Ichiro Matsui appeared on NHK on Saturday, after Osaka beat 2 other host candidates in the vote at the Bureau International des Expositions in Paris.

Matsui said he feels the weight of his new responsibilities at the start of preparations.

He said he believes Osaka, the Kansai region and the whole country, will put on the sort of event that will surprise the world.

The governor said the expo will invite the participation of 8 billion people around the world. He said it would address challenges faced by each region.

Matsui added he hoped for private sector cooperation. He said he believes businesses will not hesitate to invest in the initiative to produce goods and services to tackle issues of global concern.

Key words : Japan first hosted
https://www3.nhk.or.jp/nhkworld/en/news/20181124_05/

Osaka Governor Ichiro Matsui has thanked everyone who got behind the city's successful bid to host the 2025 World Expo.

Matsui said Osaka flourished when it first hosted the expo back in 1970, but then languished due to Tokyo's domination. He said he believes a change for Osaka will benefit the whole nation.

The governor said he wants the expo to be an event that defies conventional thinking to solve the world's problems. He called on the rest of Japan for support.

Economy minister Hiroshige Seko said the expo gives Japan another major target to aim for, after the 2020 Tokyo Olympics and Paralympics.

He said the government will join hands with local authorities and businesses to realize an event that gives hope to people around the world.

Key words : arrangement underreporting income
https://www3.nhk.or.jp/nhkworld/en/news/20181124_16/

NHK has learned that there was an arrangement in place to pay former Nissan chairman Carlos Ghosn about 8 billion yen, or about 71 million dollars, after he stepped down from his post.

Ghosn was arrested on Monday on suspicion of underreporting his income by about 5 billion yen, or 44 million dollars, over a 5-year period up to fiscal 2014.

Tokyo prosecutors suspect the total undeclared amount could have been as high as 8 billion yen -- roughly 71 million dollars -- over an 8-year period that includes the past 3 years.

Sources say Ghosn received annual compensation of about 2 billion yen, or about 18 million dollars, before 2010. From that time, the law required publicly listed companies to disclose all instances of executive compensation of 100 million yen or more.

The sources say that starting in 2010, Ghosn reported his annual compensation as about one billion yen, or about 9 million dollars, in the belief that his high income might invite criticism.

They say the difference between his published income and actual compensation was set aside to be paid to him after he stepped down. The money was supposed go to him through an increase in his retirement bonus and consultation contracts.

Japan's law regulating financial instruments and exchanges stipulates that compensation to be paid after retirement must be stated in securities reports when its amount is set.

Key words : Kelly reportedly discuss
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Key words : UN security
https://www3.nhk.or.jp/nhkworld/en/news/20181124_19/

South Korea says a UN Security Council committee has granted a sanctions exemption for a joint survey on an inter-Korean railway project.

The South Korean government announced the sanctions committee's decision on Saturday.

The 2 Koreas agreed at a ministerial level meeting last month to conduct a joint on-site study of the North's railway system.

South Korea has yet to give details. But the exemption will allow the country to deliver fuel and equipment necessary to carry out the survey in the North.

The UN decision marks a step forward to a ground-breaking ceremony the South plans to hold before the end of the year.
A presidential spokesperson said in a commentary that it is significant that the project secured support from the United States and the international community. He said inter-Korean cooperation has entered a new phase.

However, the sanctions exemption applies only to the joint survey.

Before any work could begin to reconnect the 2 country's rail systems, progress would have to be made on North Korea's denuclearization and on easing sanctions.

Key words : US government
https://www3.nhk.or.jp/nhkworld/en/news/20181124_14/

A US government report has warned that climate change will cause the American economy hundreds of billions of dollars in annual losses by the end of the century unless drastic preventive measures are introduced now.

The report, released by the government on Friday, is the work of 13 federal agencies, including the US space agency NASA and the National Oceanic and Atmospheric Administration.

It estimates that in the year 2090, labor-related losses stemming will be as much as 155 billion dollars due to the impact of changing weather on working conditions.

The report also estimates that in the same year, the maximum financial impact of increasing temperatures on people will be 141 billion dollars, and the damage from rising sea levels could be as much as 118 billion dollars.

The report calls for urgent action to ease the impact of climate change.

Observers are watching for the reaction from the administration of US President Donald Trump, who has expressed skepticism about climate change.

Key words : Pakistan afghanistan
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