NIKKEI 225 TUMBLES AMID JAPAN'S LEADERSHIP UNCERTAINTY
The Tokyo equity market kicked off the week with a significant decline. Let's turn to Ramin Mellegard from our business with the details. So, Ramin, what is behind this?Yeah, quite a big move. A lot of investors really focusing on this right now. Tokyo's Nikkei 225 stock index fell sharply on Tuesday owing to domestic political instability and a new round of trade clashes between the US and China. The benchmark ended at 46,847, down nearly 2.6% from Friday after a three day weekend. It briefly lost 3.2% in the afternoon session as a stronger yen prompted selling of semiconductor and related shares reliant on exports. Japan's Komeito Party withdrew from a coalition with the main ruling Liberal Democratic Party after the market closed on Friday. This has created uncertainty for investors over who will form and lead the next government. US President Donald Trump then added to the economic uncertainty he announced the same day. He plans to impose an additional 100% tariff on Chinese imports from November 1 or earlier.
Ok, that's gonna be it for Business news for now, but I will be back later. I'll hand it back to you for now.
Thank you very much for me.
MAN GETS DEATH SENTENCE FOR KILLING 4 PEOPLE IN NAGANO
Court in central Japan has sentenced a man to death for killing four people, including two police officers, two years ago. 34-year-old Aoki Masanori was charged with fatally stabbing 2 women on a street in Nagano City, Nagano Prefecture in May 2023. He then shot and killed 2 police officers. Responding to the attack, Aoki's trial focused on the degree of his criminal liability. The prosecution sought the death sentence, claiming he could be held fully responsible, but the defense argued he was mentally incapacitated at the time.At the Nagano District Court on Tuesday, the presiding judge determined Aoki should be held fully liable. The judge said the crime of taking four precious lives was of utmost cruelty that left no room for leniency. Before handing down the death sentence, he added that defendant was deserving of severe criticism.
TRUMP, LEADERS SIGN GAZA CEASEFIRE DEAL
World leaders are discussing what comes next for Gaza now that a ceasefire is officially in effect. US President Donald Trump and leaders involved with the talks signed the deal on Monday.It's so beautiful to see. A new and beautiful day is rising and now the rebuilding begins.
Trump signed the document alongside the leaders of Egypt, Qatar and Turkey. Officials from over 20 countries and the United Nations attended the meeting, but neither Israel nor Hamas were there. Phase one of the deal is now underway. Phase two would involve the disarmament of Hamas and the future governance of Gaza. But Hamas is reluctant to accept some of the terms.
When asked about the second phase, Trump didn't offer details but suggested it had already begun.
And face the restart and you know, the faces are all a little bit mixed in with each other. They're going to start cleaning up. You look at Gaza. Needs a lot of cleanup.
Egyptian President Abdel Fattah Sisi hosted the gathering. He said this plan could lead to A2 state solution and said Egypt will work with other partners for the reconstruction of Gaza.
MEDIA: ERDOGAN OPPOSITION KEPT NETANYAHU FROM SUMMIT
Israeli Prime Minister Benjamin Netanyahu was not at that summit. Reports now suggest it's because Turkeys president threatened to turn his plane around if he was there. Netanyahu initially said he'd attend after a last minute invitation from President Trump. When he ultimately didn't go, he claimed a Jewish holiday was the reason. But media in Turkey and elsewhere now say Turkish President Recep Tayyip Erdogan learned of Netanyahu's attendance mid flight. He then told the Egyptian President he would pull out of the summit if Netanyahu was there. Erdogan reportedly told his pilot to circle above the Red Sea while waiting for an update. The plane only landed after it was confirmed Netanyahu would not go. Israeli media say several countries had threatened to boycott the summit if Netanyahu took part. Observers say it underscores the deep gulf between Israel and Muslim nations.ISRAELIS AND PALESTINIANS CELEBRATE GAZA CEASEFIRE
People on both sides of the conflict were celebrating the news of a ceasefire. Both Israeli hostages and Palestinian prisoners were reunited with their families after their release.In Israel, crowds applauded the release of 20 living hostages. They were handed over to the Red Cross before being transferred to Israel. The other 28 are believed to be dead. Their release follows an agreement between the two sides Friday. Hamas had 72 hours to return all the hostages. Including dead bodies. The countdown ended at noon Monday, but Hamas said returning the human remains may take time. In a social media post, Israel's defense minister said any delay would be considered a gross violation of the agreement.
Palestinians were also celebrating as part of the deal Israel released just under 2,000 Palestinians from Israeli prisons. Hamas said it marks an important national milestone in its ongoing struggle for freedom and liberation. It is also now pouring into the Gaza Strip. Reuters reports hundreds of trucks carrying food and medical supplies should enter the enclave daily. The UN Office for the Coordination of Humanitarian Affairs also released a video showing its aid trucks. An official says the agency is ready to save as many lives as possible.
As for Trump, he delivered a speech at the Israeli parliament Monday. He called the deal the historic dawn of a new Middle East.
It's an incredible triumph for Israel and the world to have all of these nations working together as partners in peace. Generations from now, this will be remembered as the moment that everything began to change, and change very much for the better.
GAZA CEASEFIRE POLITICS AND THE NEXT STEPS
Earlier, I asked Tanaka Koichiro for his analysis on the politics involved in the plan.He's an expert on international relations and energy security in the Middle East.
That we've seen many people in Gaza and Israel are welcoming this peace plan, but how should we look at this support?
Well, certainly those family members of those hostages now are now seeing that the hostage swap deal is now under is undertaken and I think that's the way to say. Celebrate or call for celebration.
But definitely and also that for the people of Gaza who have been striving for their lives for the past two years now, they see 80s flowing in and also that the bombardment, the constant bombardment that have been happening has almost come to an end. So I believe that there is there is room for people to be happy about it, and also to say look for the future. That may be a brighter one that they've been experienced for the past two years.
We all hope. We also saw the leaders of the US, Egypt, Qatar and Turkey signed the ceasefire document, but notably not Israeli Prime Minister Netanyahu now. What does this omission say for us?
Well, it certainly says that the deal, entire deal itself was forced by US President Trump, even though Prime Minister Netanyahu was not totally into it.
But I believe that must President Trump muscled himself in. And to accept, force the Prime Minister Netanyahu to accept a lot of conditions that he did was not willing to accept. So I think that this is sort of a show of displeasure that he was not into it.
But still, I mean, he at the last moment he was supposed to then he saw a perfect excuse to use while the others. I mean, the regional leaders were not happy of seeing Prime Minister Netanyahu there. So I think that he took, he jumped on that opportunity and used that as an excuse to excuse himself.
Excuse to excuse himself.
Right.
Well, President Trump was short on details, but he did indicate that a second. Phase of this plan has begun now, whatever this real second phase is, do you see us going further ahead?
Well, I mean, it's not certain what he means by this second phase because ever since this negotiation has started, I mean, following the September 29 announcement between President Trump and Prime Minister Netanyahu, all have been kept in the dark and we are not quite sure what it means by the 2nd phase and it said it couldn't be the third phase, fourth phase, we're not sure.
But if we look at what was already agreed upon between the two leaders back in September, I believe that there is room that to further negotiate and that is about the withdrawal of the Israeli forces to a certain degree and also about the disarmament of the Hamas fighters, which Hamas so far hasn't actually accepted. So I think this may be the beginning of the second phase if I'm Mr. Trump is talking about it.
Well, you know, getting back to that clip that Trump was saying about this deal being part of a historic dawn. Of a new Middle East. And what does he mean by this?
Well, I think there may be two meanings. If it's going to be confined with the Palestinian question and Israel.
I think it would be sort of a opening for a new chapter between the two nations and eventually 2 states if there's going to be a Palestinian.
But at the same time, earlier this year when the Israelis attacked Iran and following those 12 days war, Prime Minister Netanyahu mentioned about this reshaping the Middle East by force in the way. And I think maybe he's talking about that, Minister Netanyahu for reiterated that phrase back in the UN General Assembly in September as well. So if that is the case, I believe that it's going to be a very rough road ahead because if he's going to, and also the Americans are going to use force to reshape the Middle East, it's going to be a very, very destabilizing incident.
And interpreting that and then the word 2 state solution, these two complete different things. It's we'll have to see what happens from here. But then what kind of diplomatic efforts do we need to see from not just the Palestinians and the Israelis, but also the international community for the peace of Gaza?
Well, yes, with regards to the peace plan. I think that there are several things that we need to look into. First of all, the International Security forces that are going to be supposed to be deployed into Gaza, which countries are actually going to contribute to that is still in the air. I've heard that Indonesia is willing to send their troops in, but apart from that, I have no idea so. We need to look into that aspect and also further future fundraising for the reconstruction of Gaza itself. Again, it's going to be, I mean, Mr. Trump sounded as though that he would like to see the Gulf Arab states make a huge contribution to it, but none of the Arab states have so far openly. Committed to that. So we need to look into that aspect as well. And finally on the so-called Peace committee that is supposed to oversee the governance of the Gaza Strip in the future and how it's going to be that shaped and what sort of a civilian meaning a technocratic semi government is going to be worn by the Palestinians is still out there and we need to follow through to what sort of a people, what kind of a people is eventually going to be included in that.
UNHCR CHIEF: CEASEFIRE IS FOUNDATION FOR REAL PEACE PROCESS
The head of the United Nations refugee agency is hopeful that the ceasefire will help to achieve a lasting peace in Gaza. UN High Commissioner for Refugees Philippo Grandi spoke to NHK on Monday while visiting Japan. Grandi was the head of the UN Agency for Palestinian Refugees or UNRWA. From 2010 to 2014, the commissioner says he was very, very relieved and happy about the ceasefire, which he called a breakthrough.
I do hope that the ceasefire is the foundation for a real peace process. These recurrent conflicts have to end.
Grandy also said his agency has a budget crisis. He estimates this year's funding will be about 2/3 of what it received last year. Grande says reasons for the drop are the US reducing its contribution to the agency and many Western nations increasing their defense budgets. He stressed the need for more aid.
I understand that many countries are putting more money into defense spending, but aid, humanitarian assistance, development assistance is also contribution to stability, just like defense spending.
CEATEC 2025 SHOWS AI BENEFITS IN THE OFFICE, ON GOLF COURSE
Now, in more business news, an exhibition of cutting edge technologies has kicked off near Tokyo, and about half of what's on show is related to artificial intelligence. More than 800 companies and organizations from Japan and overseas are taking part in CEATEC 2025. Among them, Mitsubishi Electric says it's demonstrating a system that uses sensors and AI to assess and improve environments for office workers. The company says it uses a contactless body sensor to monitor. Pulse rates and pulse waves. AI analyzes this information and if it determines the user could do with a break, a robot will approach.(Japanese)
If it detects higher stress levels, the lighting will be automatically adjusted to a warmer tone.
By measuring each individual's condition, we can create an environment where they can perform at their best. We're considering applications in schools and nursing care facilities.
The Fujitsu booth at Seatac is tapping AI to help golfers. It recreated a golf bunker at the site and uses an AI based system to analyse a visitor's swing. It then gives tips on improving swing motion and weight shift. The trade show is open through Friday.
NORWAY NEARS FINISH LINE ON ROAD TO FULL ELECTRIFICATION
Now electric vehicles have been promoted as an effective tool to reduce carbon emissions in the shift to EV's. Norway is the clear frontrunner. The Scandinavian nation is close to its goal of ensuring that all new passenger cars sold are 0 emission, but issues remain even if the finish line is crossed. NHK world Katai Jones reports.Electric vehicles are clearly dominant on the streets and highways of Norway.
In July, they accounted for 97% of new car sales with 100% insight.
The bottom I like about the electric vehicle is that power it has and of course the emissions free.
Last year this dealership stopped selling new combustion engine cars altogether.
I think definitely in Norway our our electrified market and will stay electrified for the future. So, so no doubt we have like really. Gone over all the hurdles to come there and we will not come back.
The focus on EV's to cut emissions stems from the unique nature of Norway's energy mix. The vast majority of the country's electricity is hydro generated and emits very low levels of carbon. That means the transport sector, including automobiles, is responsible for a large proportion of greenhouse gas emissions about a third, by one estimate.
So an organization promoting EV's says the transport industry is the most logical place to look for emission cuts.
I guess the the overall aching reason is, is climate concerns. Obviously to cut our emissions, we are, like many other countries of course, obliged to reach the targets of the Paris. Agreements, so we need to look, you know, from new ways to cut our emissions and the transport sector is amounting to a a large part of our emissions.
Oslo and local governments have been driving the shift toward eco friendly cars by introducing tax cuts and preferential rates on toll roads for EV's. Meanwhile, taxes have been raised for fossil fuel vehicles. The increase in EV's is transforming existing businesses. This company operates a chain of about 450 service stations nationwide. EV charging is now available at more than 120 locations, while demand for gasoline is on the decline.
For the customers whose cars are charging, there's a waiting space provided. The manager says the new equipment is costly but sees the investment paying off.
Demand for charging is is increasing month by month, more or less and and year by year.
So we see that we see a double digit growth every year. It costs to install them, but this is a long term game and. About creating long term business because customers in the future will all be charging customers and then we need to have chargers.
But an expert notes that as EV adoption grows, ensuring a flexible and reliable electricity supply system will become increasingly important.
Demand is increased by also start covering the load for electrification of other sectors or industrial load then we end up with lack of capacity in our system. So we need to have also like the system that can adopt very fast to this fast ramping in the demand. That's the main challenge. Everything evolves and that power system.
Beyond electricity supply, there's still the matter of vehicles already on the road. While EV's are the standard for new car buyers, only about 30% of passenger cars driven in Norway now are electric, so the shift to a low emission future may take some more time.
Katai Jones, NHK World.
MARKETS
OK. Let's get a check on the markets.♪
And that is it for business news.
VENEZUELA CLOSES OSLO EMBASSY AFTER NOBEL PEACE PRIZE AWARD
Venezuela says it will close its embassy in Norway. A US media outlet reported that the move comes in response to the decision to award this year's Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado. The Peace Prize is given in Norway.The Venezuelan Foreign Ministry on Monday said the move is part of a review of its diplomatic strategies.
Bloomberg reported that Venezuelan President Nicolas Maduro will close the embassy to rebuff Oslo's move to recognize Machado's fight for democracy.
Maduro made an apparent reference to Machado on Sunday without naming. There, noting that 90% of the entire population repudiates the demonic witch, the AFP news agency reported that a spokesperson for the Norwegian Foreign Ministry called the move regrettable. She said that despite their differences on several issues, Norway wishes to keep dialogue with Venezuela open.
WAR IN UKRAINE
ZELENSKYY TO VISIT US TO DISCUSS TOMAHAWK MISSILE PROVISION
Ukrainian President Volodimir Zelensky says he hopes to visit Washington for talks with US President Trump on Friday. The topics are likely to include the possible provision of Tomahawk cruise missiles from the United States to Ukraine. I hope that I will have possibility to come to Washington and have a meeting on Friday with president. The main topics are air defence and and our possibilities with long range to pressure on Russia.
Asked about a possible US offer of long range Tomahawk missiles, Zelinskyy said it is too early to talk about the number and the possibilities, but he's already shared opinions with Trump. On October 6, Trump was asked by reporters whether he had decided on supplying Ukraine with Tomahawks. He said he had, sort of made a decision. Reuters news agency reported that Trump and Zelenskyy discussed the matter by phone on Saturday and Sunday. Russia says supplying the missiles to Ukraine would represent a serious escalation.
♫～
WEATHER
It is time for a check on the weather with our meteorologist Jonathan Oh. So Jonathan, cool conditions were perhaps colder conditions have certainly come in a hurry around Japan is really feeling like fall. How are things looking for the rest of the week?Hello, For those who have been wondering, ohh, when is the cooler weather coming? OHH, it's already here now and it's going to be around with us now for the foreseeable future. And one of the key telltale signs that we are in that fall. Is a stationary front that kind of marks the rainy season type of front that tends to come back down. Over Japan as you go through these cooler months and in the process, we get a little bit more in terms of clouds and a little bit more in terms of rain. And so here's a look at the forecast as we go forward in time. Look at Sapporo, we're seeing highs in the teens and much better than what we saw during the summer, I'm sure, comparatively speaking.
Tokyo looking at rain for Wednesday and Thursday, Osaka. As well. And then we'll see temperatures creeping up a little bit with a little more sunshine by Friday into Saturday Fukuoka also needing a little bit of seeing some rain. So you'll need the umbrellas hit or miss kind of shower type of pattern here. So you'll need the browser nearby as you go forward in time.
Meanwhile, we're talking about a much more serious rain situation that took place over in Arizona. Here's a look at some video that's coming out from the state. And at least one person is dead. After parts of Arizona were hit with severe weather Monday. The National Weather Service reported that about 50mm of rain fell in that day, leading to flooded roads. In Phoenix. You usually don't get this kind of rainfall. Parking lots of normally dry areas we're inundated. Owning residential places into rivers and the Phoenix office reported that a microburst in nearby Tempe produced straight line wind damage in the area, with radar estimated wind speeds hitting up to 112 kilometers per hour. It looks like we're still looking at some instability due to a low over the Rockies and that's going to be part of the story. And for those of you in Southern California. You're also going to be seeing some rain that you typically don't see at the rate that is taking place here as a low moves through the areas of beyond the lookout for that much warmer toward the South and E though. 30 in Oklahoma City, 32 in Houston as we go through the day on Tuesday.
Hope you have a good day wherever you are.
♫～ 3-DAY FORECAST ～♫
FOREIGN TRAINEES LEARN TO BECOME 'SAMURAI'
One more story before we go. A training camp in northeastern Japan is hoping to keep the samurai spirit alive. More than 30 trainees took part in the event, which aims to spread the word about the swordsman culture.Participants from Italy, Britain and other countries came to Aizuwakamatsu city in Fukushima Prefecture, an area known for its samurai culture. They donned traditional clothes to learn the etiquette and manners of samurai.
...
The details are are so important and that's something that I'm really more aware of now than I was before. I demand a summarized.
I hope they will spread the samurai spirit by setting off and showing what they learned in Aizu.
Shimaji said he strives to pass on Aizuwakamatsu samurai mindset.
Very determined. And that wraps up this edition of NHK News Line. Thanks for joining us.
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