Japan preps to elect new leader as its economic woes deepen
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 October 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The Nikkei 225 stock index in Japan rose sharply on the first day of trading after Sanae Takaichi won the contest to lead the country's ruling Liberal Democratic Party. Then, Jaguar Land Rover plans to resume vehicle production in the U.K. today, six weeks after a cyberattack forced a production pause. And, although the artificial intelligence industry is worth close to $250 billion, some businesses are rejecting its use altogether. We'll hear from them.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Japanese stock surge after the ruling party chooses a new leader, live from the UK, this is the |
| 0:07.0 | Marketplace Morning Report from the BBC World Service. I'm William Lee Adams. Good morning. |
| 0:12.6 | Stocks have risen sharply in Japan on the first day of trading after Sanae Takaichi won the leadership |
| 0:18.0 | of the governing Liberal Democratic Party. However, yields on long-term |
| 0:22.1 | bonds are also up sharply, reflecting fears that Japan's colossal national debt will balloon further. |
| 0:27.8 | Here's our Asia business correspondent, Surinjana, Tohari. Japan's main share index, the Nakeda 225, |
| 0:33.9 | has been up by more than 4.5% reaching an all-time high. Sanai Takaiichi is a veteran |
| 0:40.0 | lawmaker and a devotee of the abonomics policies of the late Shinsou Abbey, which include |
| 0:45.2 | boosting the economy with aggressive spending and lower interest rates. That kind of spending shift |
| 0:50.8 | could spook investors who are already worried about Japan's debt load, which |
| 0:55.1 | is among the highest in the world. Takayichi will have to regain trust from a public angered by rising |
| 1:01.1 | prices and drawn to opposition groups promising stimulus and clampdowns on migrants in the |
| 1:06.5 | world's fourth largest economy. Surinjana Tuari. Jaguar Land Rover plans to resume vehicle production in the UK today six weeks after a cyber |
| 1:15.6 | attacked forced to shut down. |
| 1:17.4 | Experts say the incident could cost the company up to $2.7 billion in lost revenue. |
| 1:22.6 | Here's the BBC's Mark Ashdown. |
| 1:24.3 | The hack at the end of August forced Jaguar Land Rover to take its IT networks offline, |
| 1:30.0 | which paralysed every aspect of its business. It has thousands of suppliers, some are facing |
| 1:35.3 | bankruptcy. The government has agreed to back loans for JLR, so it can inject liquidity into the supply chain |
| 1:41.6 | and save jobs. The production lines at its car factories in |
| 1:45.1 | Solihull and Hailwood, as well as its engine plant in Wolverhampton, are now gradually being |
| 1:50.5 | reopened. But the firm has warned it could be weeks or even months before production returns to |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

