27/05/2013 World Business Report

cells into their brains. Now for World Business Report.

No respite for Japanese investors. The Nikkei share index its stems

last week's losses in another difficult trading session. --

extends. Boeing's 787 Dreamliners jet returns.

In a moment, we will receive a report on electronic cars in

Estonia, but first, putting the spotlight on the Japanese Nikkei

index. It slid more than 3% in the trading session. Investors are

concerned that what looked like a bout of profit taking had turned

into lasting doubt into the growth and the riskiness of the financial

markets. Some technical problems, it seems... We can talk with

somebody who has been following those numbers. It really is the

Nikkei that is grabbing the headlines. Thank you for joining us.

What is actually causing this volatility? Well, the Nikkei is

down about 3% today. We have seen many exporters being sold off.

Investors as well. People are fairly cautious after last week's

turbulence. That saw the Nikkei dropped 7% - its single biggest one

day fall since the tsunami and earthquake of 2011. We are seeing

the likes of Toyota, Sony... Very large exporters falling 3%. Traders

also say it is a combination of factors that have led to this,

including concerns that the US Federal Res?I ? Federal Resdown

stimulus and quantitative easing policies by the end of this year.

There are also concerns about China and that disappointing factory data

that came out of their last week. The Chinese mainland is Japan's

second largest export market. Today's fall is not being helped by

events on the US market last week. We shall have tried to set all of

this into context because these falls are actually fairly small in

terms of the big picture. The Nikkei has actually gained well

over 30% this year alone. In April, we saw the Bank of Japan announced

sweeping monetary expansion policies to try to fight off years

of deflation and revive growth. That aggressive stance has meant

investors have been taking a far more positive approach to the

markets. But this could be seen as just something of a correction.

Thank you. A Japanese carrier has resumed commercial flights using

Boeing's Dreamliner aircraft are just four months after the planes

were grounded because of battery problems. The All Nippon Airways

plane flew from such corrupt to Tokyo -- out Thoreau to Tokyo --

Hokkaido to Tokyo. Flights were grounded after two separate cases

of overheating batteries on the aircraft.

Pilates with the Japanese airline, All Nippon Airways, performed their

final checks in their Dreamliner cockpit before taking off and

stopped -- pilots. One hour or so later, the flight from Tokyo landed

in Hokkaido with few passengers on board expressing any concern.

TRANSLATION: I was not nervous at all as I have heard they are

checking the safety. I trust them. I was determined to take this

flight no matter what because I was waiting for the State to come.

is the cause of the original problem. This battery burst into

flames on separate Dreamliners. The problem was of such concerns that

some passengers had to make an emergency evacuation that led to

the entire fleet of aircraft being grounded around the world. Once the

US safety inspectors clear to the aircraft for use last month,

airlines have restarted using it. All live on air ways, Boeing's

largest customer, waited until this weekend to resume services.

Executives still acknowledge that not all customers will be

immediately reassured that the aircraft is fully say. TRANSLATION:

No matter how many times we tell them not to worry, it will not be

believed by the passengers. The only way is to keep each and every

flight path a police safe until our passengers finally say that it is

safe. -- keep every flight perfectly safe. Boeing's share

price continued to climb on the back of strong orders worldwide

despite the safety scare. Estonia has a population of just 1.3

million people but has yet to the forefront of countries promoting

renewable energy -- leapt. The Baltic nation's government is

subsidising the purchase of electric cars by the population and

has installed the world's first nationwide network of electric

charging stations. This taxi driver does not necessarily look like a

clean energy pioneer but he is part of a nationwide push 40 carbon

emissions. The Estonian government has sold its surplus carbon dioxide

emission credits to a Japanese company and with the $39 million it

got is a result, it set up a programme to encourage the sale of

electric vehicles. He says that the electric taxi cabs are a hit. They

are cheaper than regular taxis and passengers prefer the quiet,

environmentally friendly journey. But there are still drawbacks.

Fully charged, they can drive for only 100 kilometres, which is

restrictive if you want to venture problem here is that you cannot

drive to tally in -- cannot drive to the capital city in just one

charging. That is the main problem, I think. In the capital, I took one

such car for a spin around the winding streets of the old city. A

system of electric, fast charging stations - also paid for by the

Mitsubishi carbon credit sale - is central to the government's bright

electronic car future. 165 charges spots have been spread across the

country. One charge takes around 30 minutes and can cost up to $8. That

is cheap. Everything is being fuelled by renewable sources. 90%

of which is wind power. Officials say that the hybrid cars and clean

energy are an area where Estonia can plant its flag. Small

initiatives where we can do a good job. And everything that is

relating to the green... Certainly it will be going as an opportunity.

There are over 600 electronica -- electric vehicles in Estonia. That