ueda continuing to speak, echoing what you would expect from the statement.does not see yields rising significantly beyond 1%. that was a statement that was understood from the actual statement that if you look at what the trade analysis looks like, but he is saying the boj will continue their long scale bond buying and the tweaks made last week were made due to aspects they could be flexible on. he does not think the 10 year jgb yield will rise sharply above 1%. right now, not much of a reaction off those comments on the dollar-yen, but again, we will keep you apprised of all the headlines as we get them. there will be a lot to digest and basically at the end of the day, he says you are still waiting for japan to do a lot of catching up, and that is going to be quite significant as we talk about where the inflation expectations are as they have already raised their forecast going into 2025. we will bring you all the headlines as we get them. coming up, israeli prime minister benjamin netanyahu rules out a cease-fire with hamas and steps up ground operations

this was before ueda came in.ou described him as pragmatic and he could communicate with the market smoothly. do you stand by that assessment given the remarks he made which sent everything into a tailspin and he did nothing at the last meeting? >> coming up on i think those comments -- >> i think those comments were taken out of context to the bank of japan came out and said they were taken out of context. everyone is looking for a reading between the lines. they are all used to kuroda making surprise announcements and shocking decisions. there is certainly a reason to believe mr. ueda is a much more consistent gradual kind of monetary policy leader. the last decision where he did expand the yc see to 1% was a surprise to me. he and almost other economists. at 1% range they are allowing for the jgb tenure, that gives them a lot of flexibility. the bond is not moving to that level quickly where they have had to aggressively defend it. they did make an unscheduled buying operation on friday perhaps to smooth some o

ueda was out last week saying they need to stay patient with easing policies until they are sure thatlation has sustainably reached their 2% target. it is currently running at 3% plus or something like that. they don't trust that there is going to stay there. as long as the boj is going to stick with that, that you are going to have a week in -- a weak yen. the difficulty is how you go from the current policy set up to a less easy one without running the risk that you get a bond selloff or you get a sudden surge in an which would also cause problems -- a sudden surge in the yen which would cause problems. the boj would really like it if the u.s. economy could stop being so strong so that u.s. yields become down, because that's their only easy way out of this difficulty. paul: our chief rates correspondent and mliv contributor gah food mile is there. you can find more on this story and all the days story on the markets like log, on bloomberg, it is mliv . then you can get a market roundup in one click. there is also commentary and expert analysis from bloomberg's and find out what

outlook report is out and after seeing governor ueda's speech at the press conference, of course jgb's be sold across the curve. especially the 10 year will be sold. at the same time, they will still have to buy the 10 year bond to calm down the speed at which yields rise. i think it is going to evolve for a while until, say, the next 10 year option. in november. otherwise it is going to be stable. >> where do you think the equities rally goes from here? we will see a lift when it comes to financials. that is playing out in the early part of the session. has the exuberance been taken out of the rally? shoki: equities is not my thing. i cannot really comment on the specifics. but as you said, i think financials will gain from higher yields. especially 10 year. that is for the major banks. in terms of -- will benefit from higher yields. >> let's get you back to annabelle for those movers. we talked about the financials just now. >> that is right. as you said, it is the outperformer so far. broadly we have japanese stocks trading in the red but financials here are jumping these biggest fi

uncertainty is -- from governor ueda. uncertainty is high. tom: they have to adapt what is out there, and it is a busted theory. we will be hearing a lot of this into the fed meeting. is it tomorrow? i am working the three day work week, so cut me some case. we will rebut the script here. we have to do that, with euro area third-quarter gdp -- the word is there. contracts. lisa: your area third-quarter gdp on it psychically dipped 0.1%, contracted -- eyro area -- euro-area third-quarter gdp unexpectedly dipped 0.1%, contracted. this is good news for christine lagarde. tom: with the fed meeting and the imports of apples earnings, we will touch on that imports as well. lisa is buying all the macbooks for the fam. lisa: actually, i did have to go to the apple store. i will -- i've been giving you grief for your prognostication about apple, and i had to pay for all of these instruments and the things he had to get for it. it is the bank of apple. [laughter] tom: ferro just emailed in. he is not in brazil. i saw he just made it through immigration