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CCTV Script 01/04/14

— This is the script of CNBC's news report for China's CCTV on April 1, Tuesday.

Welcome to the CNBC Business Daily.

Japanese stocks under pressure today after the Bank of Japan released its quarterly tankan survey.

The numbers showing that companies are not feeling all too confident about the economy.

The country's sales hike is also expected to undermine recovery as it takes effect today… rising from 5 percent to 8 percent.

The money added to government coffers is expected to be used to pay for a growing social welfare bill, as well as to pay down the country's debt.

But many analysts are showing mixed reactions about Japan's ability to handle this increase.

[Nicholas Weindling, Portfolio Manager at JP Morgan Asset Management] "For us the key to Abenomics is inflation. Deflation has been poisonous in this economy, the fact is that people expect prices to always go down and delay every purchase decision. That's the number one thing we're focused on and that takes time to change, to change that expectation."

[Martin Schulz, Senior Economist at Fujitsu Research Institute] "All the big ticket items have already been bought by the household in December and January and February and now we see the last minute spending in the march data perhaps coming in."

The big problem will be in the summer, we won't really have an engine of growth this year 07 52 37 export demand not so strong, the US is doing well but asia not so much, so domestically what can come? this is where the BOJ will probably have to double up during the summer.

Sri Jegarajah, reporting from CNBC's Asian headquarters.

What did General Motors know, and when did the auto maker know it? Those are the question being asked about the faulty ignition switch that has lead to at least 13 deaths.

Answers are emerging from documents released from the automaker and from congress.

In 2001, GM first became aware that there was a serious problem with select vehicles. In 2002, autoparts supplier Delphi, which makes the ignition switch said that GM approved the part knowing it didn't meet their specifications. In 2003, a dealer technician also observed the car stall after the ignition had switched off while driving.

These dates are in stark contrast to what the automaker first claimed – that they only knew of the defect in 2004.

Fast forward 10 years to February 2014, GM under new CEO Mary Barra issues a recall for over 1.5 million vehicles, sparking regulators to launch a formal investigation.

This month, National Highway Transportation Safety Administration demanded detailed answers to 107 questions to determine if GM properly followed the legal processes and requirements for recalling recalls. And just last friday, GM added almost a million vehicels to recall to , 2.5 millions worldwide.

Tomorrow, Barra will be here on Capitol Hill, and the big question will be why did it take so long GM to recall to vehicles that had a faulty part, leading to at least 13 deaths. But where were the regulators all this time?

I am Eamon Javers, CNBC biz news in Washington..

Follow us on Twitter: @CNBCWorld

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