this is what the boj, this is what kuroda stressed yesterday.at he said in the press conference after the policy decision. we've implemented additional easing measures today as we see japan's economy remaining in the severe state for some time. and as the price of momentum has been lost for now. kathleen: of course, to a certain extent, governor kuroda perhaps has anticipated -- you can have already been buying bonds without limit almost because he of the ability to buy $80 trillion in a years time. in april, only 14 trillion. he did say that the purchase by the bank of japan could exceed ¥80 trillion. i think he wanted to say we will do whatever we have to do. there was price momentum was lost. what they can do to shore up the economy. the idea that even 2% inflation is something he is not stressing. he even said this is not going to be part of his legacy getting to that 2% target whenever he does that as governor. what kind of momentum or loss of momentum are we expecting when we see the labor market numbers today? kathleen: our bloomberg econ

loans to come out of this fund and he also absolutely clearly said that he didn't want to see any kuroda bonds that those were off the questions off the table but giuseppe conti the italian prime minister left some ambiguity in his statement so we're really trying to get that kind of work out exactly if everyone was on the same page coming out of this meeting or if everyone kind of was in that meeting came out said it was great it has their version of it that they're telling their public that could be a lot of pages here to read richard walker in brussels tonight richard thank you were germany's chancellor angela merkel she has voiced her support for a joint rescue fund for the european union even if that means that germany will have to dig deeper into its own pockets today she stressed that solidarity with europe will benefit germans as well. the figure for germany it means we have to expect high a country view sions for the e.u.'s next budget with guns it's clear we need some kind of financial instrument recovery plan put on where we carry fund recovery fund and i want to be very clear

kuroda giving a press conference.ra options if needed according to him and he also said he will not let the 10 year bond yields rise for the time being. the group ofof tools we know that the boj uses. could that be taken up by a central bank? are still on rates the table and they are among the extra options if needed. we heard more from them in terms of the government bond buying program. let us return to our conversation with bill dinning from waverton investment management. we have had european equities rising today with italy dodging a downgrade and europe focusing on reopening plans. sliding this morning and we see more appetite for risk. -- bill, do you believe that europe has managed to do up theough to shore eurozone at economy to avoid fragmentation? be what theeems to market is saying. and the spread on italian government bonds and german government bonds have widened out. they are not at crisis levels. and the avoidance of the downgrade for italy is probably helpful. there is a question on an ongoing basis g

apps kuroda virus tracker. and u.s. markets have been battered by the pandemic with major indices having their worst quarter in a decade and markets continued their downward trend on tuesday after substantial gains on monday even with positive manufacturing data coming out of china for the month of march now let's get some expert analysis autologous from john paul's dean of the miami herbert business school and boom bust co-host christiane who joins us from los angeles while we recognize the social distancing protocols that everybody around is kristie can you tell us what's going on with the markets here. well brant as we wrap up the 1st quarter of 2020 the dow is off by 22 percent the worst quarter since 1907 and likewise the s. and p. is also off by 19 percent the worst quarter since 2008. 8 and despite the brief relief rally that we saw in recent days the volatility is not over and we expect to see a retest of previous lows in order to have confidence of where the floor actually is and this all comes as china's p.m.i

but many of them are not doing surgeries many of pieces are not really helping in any shape or my kuroda community support network here in my area in london bruce is actually doing the job of the council or the council service is a closed and so we're actually crowdfunding to raise money to pay to feed people in crisis me all m.p.'s are doing absolutely nothing in this crisis nobody seems to understand that you know if you're a low paid if you're a christian if you work at a coffee shop if you're a bus driver you get very little money you don't have savings to fall back on in the world today who are going without food it will go without food and that the elites are completely oblivious to the reality of what it's like to be poor in the world in 2020 exactly 80 minutes past midnight a here in moscow and how it is revealed watching hi there thank you along the way this easter saturday you will see congregations like this for the holiest week of the year shuttered places of worship going digital as we report after this. the outbreak and spread of the corona virus has become a black swan eve

. >>> a rousing send-off for navy captain brett kuroda as he departed the "uss roosevelt" for the last relieved of duty on the aircraft carrier after sounding the alarm about the safety of his sailors as coronavirus rapidly spread through his ship. at least 137 sailors have tested positive on board. none have been hospitalized at this point. >> all right, eva and dan, thank you. >>> we start this half hour with researchers tackling one of the toughest parts of fighting this pandemic, finding those people who don't show any symptoms of covid-19 before they unknowingly infect others. abc's zachary kiesch joins us with more on that part of the story. zachary, good morning. >> reporter: whit, good morning to you as well. it's all about the usefulness of the data to help inform outcomes. these are apps many of us have used for fun or to make life easier now being deployed on the frontlines in the fight against covid-19. this morning, teams of scientists and engineers are developing new technology in hopes of detecting and tracking possible covid-19 cases. wearable tech companies like ora, a

england records its highest daily spike and kuroda virus deaths in the last 24 hours while u.k. prime minister abbas johnson remains in intensive care. i'm convinced this is al jazeera live from doha also coming up. long lines and traffic jams in china as rouhani as thousands are allowed to leave the city for the 1st time in months. they called it wrong they call it war.

ofhas been the heart haruhiko kuroda's rule, do what theecessary, shock and awe market, but it hasn'tonomic growth. i think japan needs to look beyond, it is beyond financial problems. we always seem to approach this with how do we put in more monetary stigma is, what else can the boj do to support? the issues in the japanese economy are more structural and need to be addressed from that perspective. , as you say, it looks like a short impact, but severe one. how unusual this is not a financial system collapse. how much do we not know about the after affects, potential implications we cannot know yet? oh yeah, i think so. i think this will -- david: i think this will leave the world changed socially. i think working from home will become much more normal going forward, less traffic to philip offices. that is not -- fill up offices. the ways of delivering goods and services to people's homes, that will grow. i think robotics will grow more. i think people will have to live a more health conscious life in terms of social distancing, so it will have profound changing. companies today, th

if you are kuroda and have a stronger currency, that is not going to help the overall idea of what they to accomplish. i wonder if the path of least resistance is going to be a weaker dollar, at least for the time being. damian: you would think. you would have thought that the dollar would strengthen relative to the end and all of that bond buying. but it really hasn't budged. i have to take a look at china. exercise thatng is going on in china. reluctantor is really to cut rates. it reinforces all of the concern in markets about the reemergence of inflation. demand destruction is highly inflationary globally. the fact that the pboc isn't cutting and is really just allowing borrowers to just whateveryments on loans they have taken out really thatconcern, and i think is going to rise. we are expecting a 40% slump in profits amongst the big four china banks this year. alix: right, and it was so interesting because there was a chart on the bloomberg the talked about how the msci emerging market is much cheaper relative to european stocks, which is interesting because european stocks are go

one line crossing through, the presser from governor kuroda will be happening at 3:30 p.m., japan time to look out for to see any more clues for what is to come for the bank of japan. it seems like there is unlimited qe, but is there a capacity or a willingness to follow through on that? yen ticking higher after the boj maintained rates on its purchases of government bonds. let's discuss this and all things fx with the head of e.m. strategy. always good to have you with us. we have the boj embarking unlimited qe. this morning as well, the philippine governor saying he will do whatever it takes. the question really is whether it is enough for emerging markets? think in japan's case, the fact that the boj is offering its policies is good for how much they think the economy will contract. but incremental action is probably not the big driver. we can see that this morning with the yen a little bit stronger after the boj announcement. it is also relative. it is probably extending faster. did ayears ago when boj lot of stimulus, it began to weaken, other banks on the sideliness. the action t

the governor kuroda of the bank into by actions audit when he was elected prime minister as doj continuesaway from zero closer to their 2% target. with jason emails schenker, the president of prestige economics and oil is one of his specialty -- specialties. he said mandated energy demand destruction is generally airy deflationary. mandated energy destruction, we had to lock down china and have seen lockdowns around the world, that destroys demand and has put this down the pressure on prices. shery: kathleen hays, thank you very much, our global economics and policy editor. the trump administration reviewing a range of stimulus plans for the s economy as protesters in several states call for lifting a lockdown. larry kudlow spoke to us exclusively on measures under review. the rules werenk bad to begin with. there might have been some glitches here and there. secretary mission has done a terrific job -- treasury secretary venetian has done a terrific job. i guess nothing is perfect in life. -- mnuchin. at judging how fast three had $50 billion went out the door, went out the window, i thi