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cells into their brains. Now for World Business Report. | :00:20. | :00:25. | |
No respite for Japanese investors. The Nikkei share index its stems | :00:25. | :00:30. | |
last week's losses in another difficult trading session. -- | :00:30. | :00:40. | |
:00:40. | :00:49. | ||
extends. Boeing's 787 Dreamliners jet returns. | :00:49. | :00:53. | |
In a moment, we will receive a report on electronic cars in | :00:53. | :00:59. | |
Estonia, but first, putting the spotlight on the Japanese Nikkei | :00:59. | :01:05. | |
index. It slid more than 3% in the trading session. Investors are | :01:05. | :01:09. | |
concerned that what looked like a bout of profit taking had turned | :01:09. | :01:15. | |
into lasting doubt into the growth and the riskiness of the financial | :01:15. | :01:25. | |
:01:25. | :01:25. | ||
markets. Some technical problems, it seems... We can talk with | :01:25. | :01:35. | |
:01:35. | :01:45. | ||
somebody who has been following those numbers. It really is the | :01:45. | :01:54. | |
Nikkei that is grabbing the headlines. Thank you for joining us. | :01:54. | :02:04. | |
:02:04. | :02:04. | ||
What is actually causing this volatility? Well, the Nikkei is | :02:04. | :02:09. | |
down about 3% today. We have seen many exporters being sold off. | :02:09. | :02:15. | |
Investors as well. People are fairly cautious after last week's | :02:15. | :02:19. | |
turbulence. That saw the Nikkei dropped 7% - its single biggest one | :02:19. | :02:29. | |
:02:29. | :02:34. | ||
day fall since the tsunami and earthquake of 2011. We are seeing | :02:34. | :02:41. | |
the likes of Toyota, Sony... Very large exporters falling 3%. Traders | :02:41. | :02:45. | |
also say it is a combination of factors that have led to this, | :02:45. | :02:51. | |
including concerns that the US Federal Res?I ? Federal Resdown | :02:51. | :02:55. | |
stimulus and quantitative easing policies by the end of this year. | :02:55. | :02:59. | |
There are also concerns about China and that disappointing factory data | :02:59. | :03:04. | |
that came out of their last week. The Chinese mainland is Japan's | :03:04. | :03:09. | |
second largest export market. Today's fall is not being helped by | :03:09. | :03:15. | |
events on the US market last week. We shall have tried to set all of | :03:15. | :03:20. | |
this into context because these falls are actually fairly small in | :03:20. | :03:24. | |
terms of the big picture. The Nikkei has actually gained well | :03:24. | :03:30. | |
over 30% this year alone. In April, we saw the Bank of Japan announced | :03:30. | :03:34. | |
sweeping monetary expansion policies to try to fight off years | :03:34. | :03:39. | |
of deflation and revive growth. That aggressive stance has meant | :03:39. | :03:44. | |
investors have been taking a far more positive approach to the | :03:44. | :03:48. | |
markets. But this could be seen as just something of a correction. | :03:48. | :03:58. | |
Thank you. A Japanese carrier has resumed commercial flights using | :03:58. | :04:00. | |
Boeing's Dreamliner aircraft are just four months after the planes | :04:01. | :04:05. | |
were grounded because of battery problems. The All Nippon Airways | :04:05. | :04:13. | |
plane flew from such corrupt to Tokyo -- out Thoreau to Tokyo -- | :04:13. | :04:19. | |
Hokkaido to Tokyo. Flights were grounded after two separate cases | :04:19. | :04:29. | |
:04:29. | :04:32. | ||
of overheating batteries on the aircraft. | :04:32. | :04:35. | |
Pilates with the Japanese airline, All Nippon Airways, performed their | :04:35. | :04:44. | |
final checks in their Dreamliner cockpit before taking off and | :04:44. | :04:51. | |
stopped -- pilots. One hour or so later, the flight from Tokyo landed | :04:51. | :04:59. | |
in Hokkaido with few passengers on board expressing any concern. | :04:59. | :05:03. | |
TRANSLATION: I was not nervous at all as I have heard they are | :05:03. | :05:09. | |
checking the safety. I trust them. I was determined to take this | :05:09. | :05:15. | |
flight no matter what because I was waiting for the State to come. | :05:15. | :05:20. | |
is the cause of the original problem. This battery burst into | :05:20. | :05:26. | |
flames on separate Dreamliners. The problem was of such concerns that | :05:26. | :05:31. | |
some passengers had to make an emergency evacuation that led to | :05:31. | :05:37. | |
the entire fleet of aircraft being grounded around the world. Once the | :05:37. | :05:40. | |
US safety inspectors clear to the aircraft for use last month, | :05:41. | :05:46. | |
airlines have restarted using it. All live on air ways, Boeing's | :05:46. | :05:54. | |
largest customer, waited until this weekend to resume services. | :05:54. | :05:56. | |
Executives still acknowledge that not all customers will be | :05:56. | :06:02. | |
immediately reassured that the aircraft is fully say. TRANSLATION: | :06:02. | :06:06. | |
No matter how many times we tell them not to worry, it will not be | :06:06. | :06:11. | |
believed by the passengers. The only way is to keep each and every | :06:11. | :06:15. | |
flight path a police safe until our passengers finally say that it is | :06:15. | :06:25. | |
:06:25. | :06:25. | ||
safe. -- keep every flight perfectly safe. Boeing's share | :06:25. | :06:29. | |
price continued to climb on the back of strong orders worldwide | :06:29. | :06:38. | |
despite the safety scare. Estonia has a population of just 1.3 | :06:38. | :06:42. | |
million people but has yet to the forefront of countries promoting | :06:42. | :06:52. | |
:06:52. | :06:55. | ||
renewable energy -- leapt. The Baltic nation's government is | :06:55. | :06:58. | |
subsidising the purchase of electric cars by the population and | :06:58. | :07:00. | |
has installed the world's first nationwide network of electric | :07:00. | :07:10. | |
:07:10. | :07:12. | ||
charging stations. This taxi driver does not necessarily look like a | :07:12. | :07:18. | |
clean energy pioneer but he is part of a nationwide push 40 carbon | :07:18. | :07:21. | |
emissions. The Estonian government has sold its surplus carbon dioxide | :07:21. | :07:27. | |
emission credits to a Japanese company and with the $39 million it | :07:27. | :07:30. | |
got is a result, it set up a programme to encourage the sale of | :07:31. | :07:38. | |
electric vehicles. He says that the electric taxi cabs are a hit. They | :07:38. | :07:42. | |
are cheaper than regular taxis and passengers prefer the quiet, | :07:42. | :07:48. | |
environmentally friendly journey. But there are still drawbacks. | :07:48. | :07:54. | |
Fully charged, they can drive for only 100 kilometres, which is | :07:54. | :08:00. | |
restrictive if you want to venture problem here is that you cannot | :08:00. | :08:07. | |
drive to tally in -- cannot drive to the capital city in just one | :08:07. | :08:15. | |
charging. That is the main problem, I think. In the capital, I took one | :08:15. | :08:21. | |
such car for a spin around the winding streets of the old city. A | :08:21. | :08:26. | |
system of electric, fast charging stations - also paid for by the | :08:26. | :08:32. | |
Mitsubishi carbon credit sale - is central to the government's bright | :08:33. | :08:37. | |
electronic car future. 165 charges spots have been spread across the | :08:37. | :08:43. | |
country. One charge takes around 30 minutes and can cost up to $8. That | :08:43. | :08:48. | |
is cheap. Everything is being fuelled by renewable sources. 90% | :08:48. | :08:54. | |
of which is wind power. Officials say that the hybrid cars and clean | :08:54. | :09:02. | |
energy are an area where Estonia can plant its flag. Small | :09:02. | :09:08. | |
initiatives where we can do a good job. And everything that is | :09:08. | :09:17. | |
relating to the green... Certainly it will be going as an opportunity. | :09:17. | :09:23. | |
There are over 600 electronica -- electric vehicles in Estonia. That | :09:23. | :09:28. |