:00:07. > :00:28.The GSM G7 summit is about to end we will find out what they decided
:00:29. > :00:40.about global economy. And hiding behind masks - the US residential
:00:41. > :00:48.election. Good morning Asia, hello, world. I am glad you could join us.
:00:49. > :00:54.The leaders of the G7 countries will be concluding talks today and all
:00:55. > :00:59.eyes will be on the wording of their final communique, the document
:01:00. > :01:06.detailing what they agreed on. Security has been major focus so far
:01:07. > :01:15.with the South China Sea and Islamic State being discussed but also the
:01:16. > :01:22.world economy looming large. These are the superheroes of the G7 summit
:01:23. > :01:28.or that is what they would like you to believe. We have Prime Minister
:01:29. > :01:35.David Cameron, his big agenda Will Beatty convinced his partners to
:01:36. > :01:44.come out with strong statement. About Brexit. -- will be to
:01:45. > :01:50.convince. China's ambition in the South China Sea. Angela Merkel, the
:01:51. > :01:56.refugee crisis is something she wants the rest of the world to take
:01:57. > :02:05.responsibility for. Japan and Shinzo Abe saying the global economy should
:02:06. > :02:11.be fixed by spending more - fiscal stimulus is the way to go. Last but
:02:12. > :02:18.not least, the Canadian Prime Minister has been adding special
:02:19. > :02:23.shine to photo opportunities. Behind the scenes, it is also an
:02:24. > :02:29.opportunity for Japan to showcase technological innovations, key to
:02:30. > :02:36.boosting the economy here. Meet one of its robots. This is the
:02:37. > :02:41.contribution to the event and are balking, talking robot that can be
:02:42. > :02:57.much do everything, including dance. Watch this...
:02:58. > :03:04.Japan is also trying to showcase some of its traditional delight but
:03:05. > :03:10.this is coming against an extremely serious backdrop of events which the
:03:11. > :03:16.leaders of the G7 countries need to address and, if past experience is
:03:17. > :03:20.anything to go by, it is unlikely any concrete action will come out of
:03:21. > :03:26.this summit that it is an opportunity for the leaders to sit
:03:27. > :03:32.down at the table, drink some Japanese to, or in away they are not
:03:33. > :03:38.usually able to have in-depth conversations about some of the more
:03:39. > :03:45.pressing problems they are facing together. Very interesting G7
:03:46. > :03:49.summit, in Japan. Better than expected US economic data has
:03:50. > :03:56.significantly increased predictions. Market traders have put
:03:57. > :04:03.the probability of one in three of an increase this June. The move by
:04:04. > :04:13.July is more likely than not. Is it the time finally write to raise the
:04:14. > :04:19.cost of borrowing? We asked James Bullard whether we can expect our
:04:20. > :04:27.move. The market probability has moved off the low levels to come up
:04:28. > :04:35.to something that is more positive and probably better reflects the
:04:36. > :04:42.reality. What about negative interest rates? We have seen it
:04:43. > :04:49.adopted in Europe and Japan. I starting to think of it as attacks.
:04:50. > :05:00.Taxing the banks in away you were not before. -- A tax. The Boris of
:05:01. > :05:07.the bank have to pay more, -- Boris. I do not rule it out but do
:05:08. > :05:13.not think it is likely possibility for the US. We are trying to go in
:05:14. > :05:20.the other direction so for the foreseeable future we will not sit
:05:21. > :05:28.negative interest rates in the US. On Brexit, I think this is an
:05:29. > :05:33.important decision for the UK but it is A strategic decision that will
:05:34. > :05:41.determine direction over along period of time. As far as the
:05:42. > :05:45.financial event globally, I do not think it is all that critical. The
:05:46. > :05:51.day before Brexit and the day after will be the same no matter what the
:05:52. > :05:58.electorate votes. They will be negotiations that take many years if
:05:59. > :06:03.they decide to leave. Even those negotiations will probably end up
:06:04. > :06:08.with trade agreements which are reflection of existing agreements.
:06:09. > :06:15.It is important for the UK, strategically speaking, but in terms
:06:16. > :06:22.of global financial markets and the way they behave I not sure it would
:06:23. > :06:30.have much impact on that. Full oil prices, they are continuing steady
:06:31. > :06:43.upward climb. You are screwed above $50 per barrel. However they settle
:06:44. > :06:54.below $50 per barrel. Prices lifted 90% above 12 year lows earlier this
:06:55. > :06:56.year. Japan's oil prices falling. According to the latest government
:06:57. > :07:01.figures. It is the second straight month of decline and keeping the
:07:02. > :07:12.central bank under pressure to deploy additional stimulus. Snapchat
:07:13. > :07:20.has raised 1.80 dollars in funding. The company makes free mobile app
:07:21. > :07:27.which allows users to send images etc which will then vanish. Its
:07:28. > :07:33.revenues come mostly from advertising. The US Federal jury has
:07:34. > :07:43.sided with Google in $9 billion claim right technology rival Oracle.
:07:44. > :07:49.Oracle claims Google stole some of its Java software. The jury has
:07:50. > :07:56.found Google did not need Oracle's position to use the element of Java
:07:57. > :08:01.in question. They may be considering an appeal. Now, with every election,
:08:02. > :08:06.there is business opportunity and none more with the US presidential
:08:07. > :08:12.election and in China, the factory will be churning out thousands of
:08:13. > :08:22.these masks of Hillary Clinton and Donald Trump - that is who these
:08:23. > :08:28.are. It is betting on Donald Trump. Donald Trump says Chinese factories
:08:29. > :08:34.are stealing American jobs. Well, this one has pinched something else,
:08:35. > :08:40.his face, and they have rendered at in plastic. The production process
:08:41. > :08:47.offers no clues to those perplexed by his curious hair. It is
:08:48. > :08:53.questionable proposition, but if masked sales are reliable gauge of
:08:54. > :08:58.US sentiment, he could be looking bright for the controversial
:08:59. > :09:05.Republican contender. TRANSLATION: To be frank, I prefer Donald Trump
:09:06. > :09:09.to Hillary Clinton. I think this mask will completely sell-out
:09:10. > :09:16.because he is getting quite popular, so I prefer him. We have
:09:17. > :09:23.built stockpile of him because we think the US will probably vote more
:09:24. > :09:28.for him so we made the necessary changes because we do not want to
:09:29. > :09:34.miss out. If he is right, he would want to get in before the election
:09:35. > :09:41.in case Donald Trump smacks attacks on importing goods. If rather Donald
:09:42. > :09:49.Trump looks stern, rather Hillary Clinton is all smiles although, they
:09:50. > :09:52.are not exactly airbrushing her. TRANSLATION: It has been down to our
:09:53. > :09:58.designer. The main thing we considered at the actual features of
:09:59. > :10:04.Hillary's face, for example to wrinkles. That way the effect is
:10:05. > :10:08.more realistic. You can see with all the details, all of these wrinkles,
:10:09. > :10:15.we have considered all the tiniest details. Recent polls show the
:10:16. > :10:23.presidential race narrowing. The masks are also make and neck at
:10:24. > :10:26.around half million each. Looking forward to owning one. Thank you so
:10:27. > :10:30.much for investing your time with us. Sport Today is coming up next.
:10:31. > :10:39.See you in the next hour.