that's the message from prime minister abe shinzo whose government plans to reopen social and economic activities in phases as the country recovers from the first w wave the coronavirus. on monday abe declared the state of emergency over in the reremaining 5 of f the country' prefectures. the final 5 were tokyo and three susurrounding prefectures as we as hokkaido in the north. the prime minister noted the risk of infection cannot be brought down to zero even after the lifting of the emergency. the government plans to relax restricts at approximately three-week intervals while evaluating the extent of infection and the risk of the disease spreading in each region. concerts and exhibitions will be allowed to take place with limits on the number of attendees that will be eased over time. karaoke parlors and gyms will be allowed to reopen june 1st but they need to put measures in place such as controlling the number of patrons. live music venues and nightlife spots such as hostess bars are asked to remain closed for the time being as experts are studying infection prevention measures for

since abe shinzo has warm relations with both trump and obama. >>> it's now time for a check on the world weather with jonathan, oh. people in the middle east are dealing with a heat wave so what kind of precautions should they be taking? >> well, the temperatures are getting to 40 degrees celsius, you should stay under shade and keeping cool as much as possible, because, yeah, it has been dry. it's been hot across portions of the middle east and also into europe. in fact, here's a look at some video to give you an idea of how people are trying to deal with the heat as people in israel and surrounding arareas saw the hot temperatures searing through the weekend. with some of them seeing more than 40 degrees celsius. the beaches of the dead sea, people tried to cool off and some tried to cook an egg in the heat as well. the heat will continue through the end of the week forcing auauthorities to issue alerts f wildfires as well. not just people, but boars trying to find ways to stay cool as well. the main reason we're seeing the high heat is because of the high pressure in place. it will co

abe shinzo has made it clear, as far as tokyo is concerned, next summer is the last option. it is impossible to keep people indefinitely employed. the ioc president says his organization has to be prepared for differerent scenarios. the sececretary-geneneral of th organizing committee declined to comment on the remarks. he says he has no direct knowledge of what bach reportedly said. the tokyo games are now scheduled to take place from july 23 to august 8 next year. >>> the south korean government says the number of coronavirus cases linked to ann outbreak at night clubs in seoul lahas topp 2700. officials say a total of it 206 people have been confirmed to be affected as of thursday. it originated in 95 visited clubs. two high school students who visited a karaoke parlor have also tested positive, prompting authorities to order the closure of such facilities. south korea's high schools opened for third year students. but more than 60 students in incheon suspended classes the nenext day. a third year student tested positive on thursday, leaving the school to shut its doors a

nationwide state of emergency ahead of schedule for about 80% of all prefectures but prime minister abe shinzo says people must stay on alert to stop the spread of the coronavirus. >> for the 39 prefectures we have come to conclude that by taking thorough measures we can avoid the spread of infection. >> abe said officicials made th decision after assessing the number of recent infections and the state of local, medical and testing systems. he says the government will consider lifting the declaration for the rest of the prefectures including tokyo and osaka next week before it expires at the end of the month. the recent decline in the number of new infections in the country is the result of people's efforts to stay home andnd redu human to human contact. many of those efforts need to remain in place. >> they may have to be reimposed while preventing the virus at the same time before establishing the new normal is extremely difficult challenge that we are to embrace. >> the prime minister thanked medical workers and pledged to boost testing capabilities. there's access to various treatment opti

. >>> prime minister abe shinzo says they're likely to launch trials for a coronavirus vaccine withinonths. >> t translator: clinical trial of a vaccine are expected to begin in the countntry as earlys july. we are hurrying to develop one in concert with the international community. >> the prime minister told a lower house committee on monday vaccines are being developed at several institutions across the country. abe also reiterated that his administration aims to approve the antiflu drug avigan to treat covid-19 by the end of this month. researchers said earlier that the drug had been proven effective in treats patients infected with the virus. >>> health authorities in japan are revamping coronavirus data to take it online. informatioion about infected patients won't be colated by facts. it's aimed at reducing the workload at public health centers. doctors will be able to share the information onliline. currently, they're required to submit handwritten reports that are then sent by fax. the new system will allow health workers to check on patients recuperating at home via a smartph

with politicians like abe shinzo popularizing them during his many public appearances. some experts say masks are one of the major reasons for japan's relatively low number of infections. the world health organization says masks are not a silvever bullet but can help. in the u.s. officials are now recommending their use after initially down playing their effectiveness. but many americans say they infringe on their rights and freedoms. others simply say they are uncomfortable. >> i do have a mask, but, you know, out here it's kind of hard to exercise with it. and i mean, as you can probably see there's not a lot of people wearing masks out here. >> reporter: it's become a controversial issue. president trump has been criticized for not wearing one despite his team of medical experts promoting their use. but local governments are urging people to take preventive measures. >> please wear a face covering and maintain social distancing when in public. taking these steps will protect you and your loved ones. >> reporter: but the message didn't get through to some with thousan

abe shinzo is expected to finalize the partial lifting after consulting an expert panel on thursday. more than 16,000 people have been confirmed to be infected with the virus in japan, more than 670 of them have died. japan's health ministry plans to approve a test for the coronavirus that uses saliva, stoking hopes of boosting the number of tests carried out in the country. taking saliva is easier and safer than the cururrent methodf swabbibing mucus from the back the patient's nose. medical workers currently need to wear full protective gear as inserting swabs into nostrils tends to induce sneezing or coughing. thatat is one of f the reasons d for the low number of the chain reaction or pcr tests given in japan. the ministry is studying ways to ensure there are no major differences between the results of saliva-based tests and conventional nose swabbing ones. >>> in south korea health officials are scrambling too contntact more than 3,0,000 peo who may have been exposed to the coronavirus at seoul nightclubs. more than 100 confirmed cases have now been tied to the localized outbrea

she said she will not be stepping down herself after prime e minister abe shinzo ask her to stay. >>>he biggest political event of the year in china is finally underway. the national people's congress was delayed by more than two months due to the coronavirus, and in recognition of the pandemic's impact, beijing has decided not to announce an economic growth target for the year. thee preremier addressed t thou of delegates who gathered in beijing from across the country. all had to be tested for the virus before they could atatten. the coronavirus has killed about 4,600 people in china and led to increasing tensions with the united states. despite the fallout, he said a major strategic achievement was made under the leadershihip of gin ping. it's very rare beijing has opted not to set a target for the chinese economy. he stressed the government will focus on stabilizing businesses and employment with tax reductions and financial support among other measures. he also revealed $140 billion of government bonds will be issued for coronavirus control. >>> now, the chinese government says t

that's the message from prime minister abe shinzo whose government plans to reopen social and economicactivities in phases as the country recovers from the first w wave the coronavirus. on monday abe declared the state of emergency over in the reremaining

prime minister shinzo abe is maintaining a state of emergency for tokyo and osaka. zo abe also says the government will begin working on a second budget plan to help people and businesses hurt by the coronavirus pandemic. japan will evaluate next week if he can lift restrictions on the remaining areas. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. vonnie: thank you. let's check where european stocks have settled. we have the dax in germany after this thursday's session down 1.95%. 205 points. led by the automakers. that is the story for a lot of the indices. the ftse 100 down to .75%. it had a worse day -- down 2 .75%. led lower by sage group. we are also saying oconto and glaxosmithkline all down. the cac 40 down 1.6%. it is also a question of carmakers and some of the energy companies as well for the cac 40. inside.ve a look this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. this is "the european close" on bloomberg ma

‘emergency extended' reads the japan times — after the country's prime minister shinzo abe has announcedountry's covid—i9 state of emergency until the end of may. and in singapore, the straits times leads on warnings from the country's national development minister that the country is ‘not even at the halfway mark‘ of it's battle against the virus. 0n the front page of germany's frankfurther allgemeine, under a headline quoting angela merkel describing "an hour of hope", the paper leads its coverage on a virtual fundraising conference which has raised more than eight billion dollars for the fight against the coronavirus pandemic. ‘it‘s a gap year‘ reads the front page of the sun. the paper says it's learnt that social distancing measures could last as long as 12 months. and the guardian leads on warnings from trade unions that workers could refuse to turn up to work unless the government can guarantee their safety, amid what the paper describes as ‘anger over guidance designed to ease the lockdown‘. so let‘s begin. welcome to the programme, welcome to have people here, virtually. let us

prime minister shinzo abe said the development of a vaccine is, quote, significant to being able to hold games in 2021 with all of the athletes and the spectators present. and japan is where we begin our look at the pandemic headlines around the world. >> reporter: i'm in toqkyo. japan no longer in a state of emergency but japanese prime minister shinzo abe's approval rating dropped to 29% according to a leading newspaper poll. among the concerns, not enough testing for the virus and the response to the economic fallout. restaurants around here are likely to stay open longer for tomorrow, but many shopkeepers worry with social distancing in place whether that will be enough to keep them in business. >> reporter: i'm in madrid, in barcelona after ten weeks of confinement, restaurants are openi opening. they can meet to have a meal or drink together. half of the country is on this so-called phase one of the reopening. the rest is on phase two, which allows even more activities including indoor service at the restaurants. masks are still required in public unless you're far away from other

the prime minister, shinzo abe, has warned citizens to take "gradual" steps to return to everyday lifebegin. let's talk to kate and martin. the front page of the metro, yes, this antibody test really is a game changer. this is the antibody test that has now been approved by the uk and it have to be said by some other countries as well. 100% accuracy apparently, that sounds like good news. it does and it certainly a rare successful test i suppose also the only question is how many have actually been infected and we will talk about that in another story later in the programme but of course it is good for tracing people who have had it and certainly in terms of the key workers, and h with workers and so on, critical in ensuring those people who are worried they have got it or have had it is clear that they are safe to go back or not safe to go back and so thatis back or not safe to go back and so that is important. i spoke to the general population and the problem will be only a small percentage of people who have actually had the virus and then of course it still meets the problem is for

and per minister since abe's handling has -- the handling of it by prime ministers since abe been criticized -- shinzose in asia can we or should we expect measures to be relaxed? sophie: in the philippines that quarantine has been eased in parts of the country since may 16. saturday the government announced businesses can resume operations including medical supply manufacturers and delivery services. in india, travelers can start flying within the country from monday. one third of domestic operations are proved to start again after two month shutdown. given that continued guidance, three states are pushing back against the plan to resume including maharashtra and west bengal, also mumbai and kolkata. turning to south korea, sunday the market -- the country marked its third straight day of cases below 30. schools reopening remains on track for wednesday while authorities stay on high alert with soul university being flagged as a potential hotbed. the cdc has urged people to avoid bars, karaoke, and cafÉs to eliminate -- to reduce spread or cluster. the finance ministry is to sell nine header billing y

shinzo abe saying there is still a risk in these urban areas. had 30 new infections yesterday. he is still urging people to not let their guard down. avoid traveling to other parts of the country or not go to andy places like bars karaoke venues. they will evaluate next week if they can start releasing those remaining areas before that state of emergency ends on may 31. the government also said they will start working on a second extra budget, which includes cash handouts to help with rent, student aid, raising the maximum subsidies for furloughed workers to $140 a day, also helping businesses of all sizes by boosting loan facilities. ory are aiming for two weeks so. keep in mind the economy certainly facing a huge blow back from this to. they report first quarter gdp next week but the country likely will see the worst economic contraction since world war ii in the current quarter. the fear is with this virus and the collapse of oil prices, this could all push into a deflationary hold. india virus cases continuing to surge despite the 50 day nat

prime minister shinzo abe announcing state ofemergency will be extended nationwide to may 31st he's asked experts to assess the coronavirus situation around may 14th we'll get an update there. that's the latest out of japan. >>> in terms of the latest on the virus and the united states, president trump says as many as 100,000 americans could die in the pandemic this after the country recorded its deadliest day on record over the weekend. he added he was confident the united states will have a vaccine by the end of the year, contradicting his own health advisers who say it could take up to 18 months. >> a vaccine has never gone like it's gone now. we're ahead of any vaccine in history. these things would take two, four, six years. by the end of the year, i think we'll have vaccine. >> roche has announced it will more than double testing of antibody testing by the end of the year the swiss diagnostics company has received emergency u.s. fda approval speaking to cnbc earlier, ceo hailed the potential benefits of greater antibody testing. >> antibody testing allows us all testing so we get a

what else could shinzo abe do at this point? sayuri: yes. minister abe, this economic stimulus package in april but the cash transfer to the individual and companies, small companies, was not sufficient. moment, the prime minister is looking at the secondary budget but it appears to be very small. i think the government is very much worried about growing debt, so very reluctant to increase a lot of spending. not not want to say we are doing anything. we are trying to do some various things. it is not as bold as i see in other countries. in terms of the earnings season and the outlook for japan, it has been pretty ugly. we have seen 80% of the topics listed -- topix listed companies report and a 30% fall in operating profit which would make it the worst since the financial crisis. what are the prospects for recovery and how quickly and i suppose strongly could you see that happen? sayuri: i think recovery is very slow because before covid-19 happened, the japanese economy was defending on the manufacturing sector and that was already weakenin

prime minister shinzo abe will make an announcement in the evening. 39 prefectures are expected to have restrictions lifted, including five of the 13 prefectures under special alert. tokyo and its neighboring prefectures were among the first to introduce stay at home measures and will almost certainly see those continue. an early draft of the government's plan suggests criteria for reopening. it says prefectures will need to have reported fewer than 0.5 infections per 100,000 people within the most recent week. that means tokyo, for example, would need to see a drop to fewer than 70 new cases a week. the minister in charge of japan's coronavirus response says even prefectctures with lor infection rates must keep at least some anti-virus measures in place. >> translator: there could be further outbreaks if people begin to let down their guard, eveven slightly. >> nishimura says people should cocontinue to avoid travel to a from prefectures on special alert. residents should also continue social distancing and stay away from places where the virus can easily spread, including large-scale

the japanese prime minister, shinzo abe, has lifted the nationwide state of emergency imposed to stop been eased in most of the country, they had remained in force in the capital, tokyo, and surrounding areas. here's rupert wingfield—hayes. after seven weeks, the state of emergency here in tokyo is about to be lifted. the panel of experts who've been advising prime minister shinzo abe met here in tokyo this afternoon, and they decided that the infection rate is below the 0.5 per 100,000 level, which is the rate at which they think it is safe to start reopening the city. as you can see, most people haven't actually waited. it's a monday afternoon here. well, if you'd come here over the weekend, it's been great weather here in tokyo the last few days, and this place was jammed. like everywhere else in the world, people are bored. they want this to be over. what's remarkable, though, is here injapan, we've never really had the sort of lockdowns that have happened in cities in europe and north america, and yet, at the same time, japan has managed to keep the infection rate, but more impor

prime minister shinzo abe has warned the outbreak is not over.ports now, the second week of germany's bundesliga return after the coronavirus lockdown -- that week is overpaid all matches were played an empty stadiums. sunday's game featured title challenger against the struggling man's. >> transfer rumors continue to swirl, but it was his strike partner that took center stage before kickoff. the dane was handed the captains armband as he was making his 250th appearance for the ballclub. it turned out to be a banner day. he opened the scoring after 10 minutes. he took advantage of lax defending to guide home conrad's cross. sir -- shortly after, he marked the special day with a goal of his own. his header was two strong -- was too strong. leipzig were in the move. he was also involved in the third goal. the midfielder had no trouble finding the far corner. the brake didn't nothing to hamper their momentum. a slick move was finished off to make it 4-0. the buildup made it easy for the striker to double the tally. bernard then completed the rout, m

coronavirus outbreak and of failing to co—operate with the rest of the world, and japan's prime minister shinzo abe that he's extending his country's covid—i9 state of emergency until the end of may. more on those stories injust a moment. but first, let's get more on that ‘online fundraising campaign‘ for the fight against the coronavirus pandemic. the european commission president opened the meeting with this call to arms. i believe the 4th of may, 2020 will mark a turning point in ourfight against the coronavirus, because today, the world is coming together. governments from every continent willjoin hands and team up with global health organisations and other experienced partners. the partners are many, the goal is one. to defeat this virus. the pandemic is affecting every single country in the world. it has brought heartache and heartbreak, pain and suffering to millions of people. and the world health organisation chief gave this reaction. it was a powerful and inspiring demonstration of global solidarity. today, countries came together, not only to pledge their financial support, but to also a

the japanese prime minister, shinzo abe, has lifted the nationwide state of emergency imposed to stopeady been eased in most of the country but had remained in force in tokyo and surrounding areas. despite more relaxed lockdown rules than in most european countries, japan has so far avoided an explosive outbreak of the virus. our correspondent in tokyo, rupet wingfield hayes, has more on the easing of restrictions, that comes into effect later today. after seven weeks, the state of emergency here in tokyo is about to be lifted. the panel of experts who have been advising prime minister shinzo abe met here in tokyo this afternoon and they decided that the infection rate is below the 0.5 per 100,000 level, which is the rate at which they think it is safe to start reopening the city. as you can see, most people haven't actually waited. it's a monday afternoon here. well, if you'd come here over the weekend, it's been great weather here in tokyo for the last few days and this place was jammed. like everywhere else in the world, people are bored. they want this to be over. what's remarkabl

and japan's prime minister shinzo abe has announced that he's extending his country's covid—i9 stateories in a moment, with the latest in the uk, here's our health editor hugh pym. could this smartphone app be one of the ways out of lockdown restrictions? health leaders say the more people who download it and report if they are ill, the better chance of keeping the virus in check. this week, all eyes are on the isle of wight, where there is a test run of the app to see how user—friendly it proves to be. if things go well, it is said to be launched across england within weeks. so, how does the app work? it uses a bluetooth connection. once it is installed, if you come into contact with others, that will be recorded on the phone. then if you report through the app that you have symptoms, contacts within the last seven days will be alerted through their phones and they will then need to self—isolate. so what about personal privacy? designers say downloading the app won't require any details apart from a post code and data security is at the heart of the project, though some say future d

coming up, after lifting japan's state of emergency, shinzo abe focuses on revising the economy. bloomberg. ♪ ♪ welcome back. shinzo abe says revitalizing the economy is his top priority now that japan has lifted the state of emergency. governors will decide on a second extra budget wednesday less than a month after a first supplement a budget was announced. our reporter joins us. the government review about how japan is going to manage the reopening of the country? >> what is clear is it's going to be a gradual process. it's not flinging open the doors and everyone going back to normal. declared aner abe end to the state of emergency last night and said that the new focus is the economy. japan has not had an enforceable lockdown like those in other countries. vocal governments were instructing many businesses to close or have shortened hours or urging people to stay at home, which most did. the country is in a transition period within the economy fully open in august. if we look at mastic travel, abe has to avoid traveling through the end of the month, and then in the first, tra

he's a close ally of shinzo abe.na has announced it will propose new national security laws to give the communist party more power over hong kong. the legislation is aimed at the chinese territory's pro-democracy protest movement and is likely to undermine its unique freedoms. the proposals are expected to be discussed tomorrow when china highest political body begins its annual assembly. reporter: some 3000 delegates from all over china have gathered for the national congress in beijing. normally lasting two weeks, the congress has been shortened this year to one because of the coronavirus pandemic, so it is straight down to business. the national committee chair saysys new security laws for hog kong will be discussed on day one. >> to ensure the policy of one country to systems is withheld over the long-term, we will strengthen the members representing hong kong and macau and support the improvement of systems and mechahanisms for forcingg china's constitution ad the basic laws of those two special administrative r

just the latest high-ranking official to fall ill. but in japan, some good news. prime minister shinzo abey is now on a steady path to ending its epidemic. the national state of emergency could be lifted across much of the country thursday. ramy inocencio, tokyo. >> down under, the prime minister of australia says his country could be completely reopened by july. australia only has about 7,000 confirmed cases of coronavirus and fewer than >> reporter:er surf's up again in the land down under. as australians return to a socially distanced temperature checked sanitized version of normality, the country of around 25 million has lost fewer than 100 lives to the new virus, and the number of new cases slowed to a trickle weeks ago. it could be partly down to the climate. the virus arrived in the southern hemisphere's summer, but australia has been praised for its decisive action. the country closed its doors to nearly all foreigners in mid-march with returning residents staying in hotels paid for by the governme

japanese prime minister shinzo abe is open to deliver on his promise to keep businesses and households afloat with the world a guest virus response package. the $1.1 trillion plan will be funded by a second parliamentary budget that breaks the record only last month. officials say the coronavirus outbreak is slowing. russian president vladimir putin today was told plans to begin lockdown on june 1. or the 171,000 confirmed coronavirus cases, nearly half of all of the infections in the country. president trump's earning to regulate or shutdown social media companies. twitter,is aimed at which began fact checking his tweets. the president tweeted that social media sites are trying to silence conservative voices. there is no evidence he has the ability to shut them down. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪ >> we bring you special coverage here at bloomberg television. ♪ vonnie: new york has one of the largest pension systems in america. they hav

prime minister shinzo abe said his country had managed to bring the disease under control in less thaner 800 deaths. greeks are once again able to travel freely to the country's islands, as lockdown restrictions are eased there. the return of domestic travel is an important step towards restarting the wider tourism industry, which makes up at least a fifth of the greek economy. ferry services to the islands are operating with reduced capacity, to ensure social distancing, and passengers are having their temperatures checked. the italian air force's aerobatic team have done a fly past over milan to honour the country's heroes and victims of the coronavirus pandemic. they will be flying over major towns and cities every day until the 2nd ofjune, when they'll fly over rome to mark italy's republic day. the bbc has been told that there are now more than 100 newborn surrogate babies stranded in ukraine following restrictions brought in because of the coronavirus. some of the newborns are stuck because flights have been cancelled, while other countries who oppose surrogacy have refused to su

meanwhile, approval ratings for shinzo abe have fallen to their lowest in two years. it follows criticism over his handling of the coronavirus and for pushing a bill that opponents say gives them too much power in selecting senior prosecutors. it shows his support falling eight points from a month ago to 33%. that is the lowest point since 2018 when he was accused of cronyism. to h korea is two/bang -- slash its forecast. the finance ministry will cut its projection of 2.4% growth this year after the economy contracted more than 1% in the first quarter. india is extending its nationwide lockdown through the end of the month. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. still ahead, looking at the japanese economy. is seen ase, it deepening further. households and businesses limit spending. it discusses the the meditations. up next, talking to goldman representative about rising geopolitical tensions. this is bloomberg. ♪ haslind

government pulls out stops to save jobs and businesses with shinzo abe's popularity waning.pply will increase by nearly ¥60 trillion. a blueprint has come together, the eu unveiled a proposal that could be worth as much as 750 billion euros. italy would stand to receive ample support to the program with the backing who they still blocking the idea of funding via joint debt issuance. >> we continue to talk about the effects of the lockdown measures on the world's poorest. that is coming into play in india. >> the human cost has mounted from india's protracted lockdown. economic activity dries up, pushing the unemployment rate above 27%. indians estimated to have lost their jobs last month. according to a chicago analysis, 84% of indian households reported a drop in income with hit. house comes hardest the concern is that the governments measures, this will not be enough to mitigate the virus impact. situation last month, the world bank singled out india is a country to see poor.rgest number of the world is waiting and watching as biotech companies raise tort of coronavirus va

ononavirus infections are the decline, but prime minister shinzo abe warns there is still a threat to major urban areas. the government is planning a budget to help businesses and consumers during the lockdown, including help for furloughed workers. its first india faces annual economic contraction in 40 years. more than 50 days into a nationwide lockdown, the economy is still weakening with infection rates continuing to climb. market pmi readings are the lowest in the world with business activity stalling. the government lands to live restrictions are raising concerns over new infections. emmanuel macron will summit a drugmaker to talks next week after the company said it would prioritize the u.s. in virus vaccine delivery. the ceo saying it would go to america first provoked outrage in france. 'he u.s. has helped fund sanofi is virus research. the european union is planning to sue the u.k. for breaches on the rules on free motion of people across the region. the u.k. has been given four months to respond before the eu imposes fines or other penalties. day,l news 24 hours a powered b

prime minister shinzo abe said the medical systems were steer under severe pressure. japanese health officials say they have more than 14,000 coronavirus cases. experts say the numbers could be significant lehigh or. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. we are getting a bit of important news out of the bank of england. it looks like the new governor is making changes in terms of the way events are going to be scheduled. the headline at the moment suggests the bank of england is may 7to publish the decision at 7:00 a.m. normally it comes out at noon. the press briefing will then happen a little later. we are hearing suggestions around all of this timing. we are not entirely sure what the press briefing is going to look like and when exactly it is going to happen, if it is going to happen. andrew bailey, new governor of the bank of england, looks like he is making changes in terms of the schedu

shinzo abe focuses on reviving the economy. andave the latest data break down the extra budget.s is bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. haslinda: it's 12:30 p.m. in singapore, 1:30 p.m. in tokyo. you are watching "bloomberg markets: asia." middle east markets are closed today for eid. we are waiting for the oral indices index from japan. we know it has fallen to the largest in more than seven years . the pandemic has disrupted activity. waiting for the industry index for march. we have heard from the boj as well. they say they may change the way they target in terms of that yield curve. they may change the interest rates around that. something else to watch for. of emergency has ended. the nikkei has been performing wel

coronavirus cases have tail off and prime minister shinzo abe told a news conference that reviving themy is now the top priority. government will decide in a second budget to help businesses and individuals. the u.s. will prohibit the entry of most noncitizens arriving from brazil. the country now has the second-highest number of coronavirus cases in the world. restrictions do not apply to the flow of commerce between brazil and the u.s.. boston fed president eric rosengren expects companies to start receiving money through a central-bank bank program in two weeks. the main street lending program as part of the emergency effort aimed at keeping credit flowing. tois designed to provide up 600 billion dollars in credit to small and medium-sized companies. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am leigh-ann gerrans. this is bloomberg. matt: thanks very much for that. stories.of our top germany has reached an agreement to offer lufthansa a 9 billion euro bailout, almost $10 billion. accor

the ecb publishes accounts of the latest monetary policy meeting, and then japan, prime minister shinzo abeexpected to make a decision whether to end the status of the virus, including in tokyo. on friday, the national people's -- following coronavirus delays. here is what the markets are looking at, a lot of the focus is on gold. a lot of the focus also in terms of what we are seeing in oil. stocks are climbing in europe. investors are finding encouragement, as a sign that businesses are opening across major economies. commodities, currencies are actually rising. gold actually trading the highest in seven years. pound heading for a sixth session of decline after a bank of england said the central bank is more urgently examining unconventional monetary policy measures, including negative rates. coming up, a prolonged disruption can lead to a recession of 12 to 18 months or longer. we will also discuss how businesses will adjust to the new normal. that is coming up next, and this is bloomberg. ♪ ♪ francine: economics, finance, politics. this is "bloomberg surveillance." let's get to first wo

prime minister shinzo abe said he will review the rate to see if it could be lifted earlier.opkins reports japan has 500 deaths and 15,000 cases. >>> russia reported 10,000 new cases of coronavirus again on monday. cases have jumped in the past four days. that's despite a lockdown that's left the capital of moscow looking like this, with streets largely deserted. president vladimir putin extended russia's isolation through may 11th warning the peak is not behind us. they're putting pressure on russia like never before. the imf estimates that russia's gdp will shrink more than 5% this year. its economy remains heavily dependent on the oil market and the country's budget is based on getting roughly $42 a barrel. the brent crude is at levels lower than mr. putin has seen in 20 years of running the country. the number of jobless russians could more than triple to more than 8 million this year. here's the thing. russia has more than half a trillion dollars set aside in international reserves. what is mr. putin waiting for? matthew chance joins us from london. good to see you. what

prime minister shinzo abe cautioned contagion measures need more time to reduce infection rates as theountry recorded more than 15,000 virus cases as of monday. the prime minister says he is aiming to have an antiviral drug as aved for use coronavirus treatment by the end of this month. the senate secretary says privacy laws prevent the office from releasing personnel records, including a complaint that biden's sexual assault accuser tara reade claims she filed almost three decades ago. his perceptive nominee denied the allegation. he wrote a letter friday instructing her to release any documentation relating to the assertions. winningest coach in football history has died. games,three hunter 47 including back-to-back super bowl's with the dolphins. team dolphins are the only to go through an entire season unbeaten. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark. this is bloomberg. president trump had something of a town hall meeting at the lincoln memorial. he said he wished he

japan's prime minister shinzo abe has partially lifted a state of emergency which was imposed in responsef the month — but will now be removed early in 39 of japan's 47 prefectures. however, they will remain in place in some of the biggest cities, including tokyo and osaka, where new cases are still emerging. thousands of businesses have reopened in new zealand, as the country ends its coronavirus lockdown. shops and restaurants have welcomed customers for the first time since march and some barbers began work at the stroke of midnight, to cater for people desperate for a haircut. 0h, oh, yes! the authorities say the risk of transmission in new zealand is now very small — but have urged people to follow social distancing guidelines. shaimaa khalil sent this report. hey! we're back! taking the plunge into new—found freedom. this new zealand mayor went the extra mile, heralding the country's new phase of eased restrictions. new zealanders can once again enjoy going to cinemas, shops and gyms. let's go, let's go — we'll start cutting at 12.01, so come on in. but top of the list for many was

says minister shinzo abe the government will always put people's safety first amid fears of a secondave of infections. for twobiggest storm decades has cut power to millions in the northeastern city of kolkata. to ayclone is weakening tropical depression as it moves into bangladesh. aliens have been moved over concerns that coronavirus cases caseslions -- millions have been moved over concerns that coronavirus cases may surgeon storm shelters. india is already facing its full first full-year contraction for growthcades, while forecast have been cut from negligence. isjoining us to discuss fail. great to have you with us. it is difficult to know what the next steps are in this rally we are seeing, in particular when it comes to cyclical rotation. what is your feel on expectations of how the market will go from here? phil: i see there is a three-phase event. phase one is the shock and. phase two is the rally we get into as we look for a reason to grind above all-time highs. we are squarely into phase two and trying to get to phase three, where we get significantly higher, and the reaso

prime minister shinzo abe has been trying to make the system for efficient, a challenge says this economistoronavirus is doing what abe couldn't achieve which is fundamentally change japanese behavior. the reality is that the fax machine was a brilliant technology in the early 1980s, but now it's the equivalent of the steam genuine. >> reporter: this is japan. they invented the bullet train. nearly everyone has a smart toilet. there was a joke that japan is going to invent a robot to carry your fax to you. why are they still using them? >> they are resistant to change and it's about time that they start to embrace digital culture as passionately as japanese teenagers. >> reporter: he says the pandemic may be changing rigid behavior finally bringing futuristic japan into the 21st century. in all fairness, natalie, japan is not the only country that people think is clinging to outdated business customs. they think it's crazy that americans are carrying credit cards and writing checks. it goes to show, sometimes, you want to have something in your hand in the u.s. it might be checks and in jap

a state of emergency has been lifted in japan and shinzo abe is eyeing a fresh stimulus package. >>> wall street futures are higher after a long holiday weekend. weekend where americans crowded on beaches. they lifted restrictions on public places and businesses. >>> the new york stock exchange will open the iconic trading floor. it will look different. 1/4 of traders will head back. they must wear masks, have to avoid taking public transportation and strict social distancing rules. >>> even as investors look ahead, right now is devastating for the travel industry. hertz filed for bankruptcy. experts say they expected to sell off most of its fleet. >>> president trump is now threatening to pull this summer's gop convention out of north carolina. we have the story for you next. ww gives me everything i need to get into a healthy routine. the app makes everything so easy it really works i am proof! i lost 85 pounds! we can do this! ww. join today with the ww triple play! hold on one second... sure. okay... okay! safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!

we look at the likely economic boost from shinzo abe looking to kickstart the nation.s is bloomberg. ♪ david: good morning, again. let's talk about more economies. a lot of these guys pressing ahead with reopening around the world. japan ended its state of emergency. prime minister abe seeing the revival of the economy is now the top priority. let's bring in sophie kamaruddin with the details for us and talk us through the key points. sophie: prime minister abe confirmed another big package will be approved by japan's captain on wednesday with the media reporting it could be around ¥10 trillion to y13 trillion. the total is expected to about two about 1.8 6 trillion u.s. dollars. this round is to provide more of a helping hand to furlough workers, university students and cash-strapped companies. this additional stimulus, plus lifting of the state of emergency should provide a small boost of activity as tokyo and surrounding prefectures reopen it restrictions on business is gradually being lifted. together, this area represents $1.7 trillion in output which makes it the

prime minister shinzo abe says the country's medical systems are still under severe pressure. officials say they more than 14,000 coronavirus cases with over 400 deaths. experts say the numbers could be significantly higher. joe biden is denying a sexual assault allegation made by a number senate staffer. the presumptive democratic nominee said in a statement today, "they are not true, this never happened." tara reade said biden also that her while she worked in his office in 1993. this is the first time mr. biden has publicly commented on the accusation. global news 24 hours a day, on-air, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david? david: thank you. coming up, we will talk with richard trumka, the president of the afl-cio. this is "balance of power" on bloomberg television and radio. ♪ n bloomberg television and radio. ♪ david: welcome back to "balance of power" on bloomberg television and radio. i'm david westin. the stress continues to spread through the oil sector. th

a government panel of experts told prime minister shinzo abe it is safe to do so as long as current trendsnue. japan has seen a steady fall in its new confirmed infections over the past few weeks. overall numbers for covid-19 cases and deaths are the lowest among the group of seven leading democracies. actress lori loughlin could be headed to prison. court records show she and her husband have agreed to plead guilty in the college admissions scandal. she agreed to serve two months behind bars, although the final decision is up to the judge. of paying is accused $500,000 in bribes to get their daughters into the university of southern california as recruits for the crew team. global news 24 hours a day, on-air, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: coming up, we will have an exclusive interview with speaker of the house nancy pelosi. this is bloomberg. ♪ is bloomberg. ♪ david: this is "balance of power" on bloomberg television and radio. i'm david westin. breaking news right now c

in japan, prime minister shinzo abe is extending the emergency through may.ry has seen an uptick in coronavirus cases. in indonesia, the president saying travelers are putting indonesia at risk of a second covid-19 wave, and that is why the country is stepping up surveillance of foreigners. we are talking about migrant workers and anyone traveling back to villages from large cities. here in the united states, president trump says some states aren't "going fast enough" to reopen, all of this as he raised the death toll estimate to 100,000 from the initial last month number of 60,000. sticking with president trump, the president making some sharp accusations to beijing of attempting a cover-up. he is saying there is evidence coming in a new conclusive report of how the new coronavirus originated in a lab in wuhan, of this following an associated press report. he says it is possible that the retaliation to this could be possible tariffs on china, calling that "the ultimate punishment." thank you very much, indeed. next, we are going to talk about what is happeni

that has been announced by the prime minister shinzo abe.er of infections. some more detailsjust coming in high number of infections. some more details just coming in from japan's largest news agency, which is saying that the government there has decided to lift a national state of emergency for 39 of the country's 47 states where covid—19 is currently not spreading widely. but urban regions, such as tokyo and osaka, will remain under the state of emergency to ensure a newly reported cases continue to fall and the burden of hospitals eases, says the prime minister. so that news just coming in from japan. the world health organisation is warning that covid—19 may be something that people have to learn to live with and "may never go away". there are currently more than 100 potential vaccines in development. but the organisation's emergency director says even if one is found to work, it may not be possible to completely eliminate the virus. the england footballer dele alli has thanked fans for their support after he was robbed at knifepoint. po

lockdown restrictions are being eased across much of japan, but prime minister shinzo abe is maintaining a state of emergency for tokyo and osaka. -- government will also begin working on its second budget plan to help people hurt by the pandemic. they will evaluate next week if they can lift restrictions on certain areas. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton, this is bloomberg. vonnie? that.: thank you for that is mark crumpton. some countries easing lockdown, it is important to track patients who have recovered from covid-19. a professor at johns hopkins university spoke to us earlier about a study that will follow patients post coronavirus, and urged patience to keep social distancing. have a listen. >> as you would see a soldier at war who can be relaxed and between the battles, you can see health care workers relaxing between those battles. i don't think the public should know,he sense of, you there is a lack of urgency and our response. by that urgency, i mean c

. >> reporter: on monday, shinzo abe is expected to announce that the state of emergency due to the coronavirusmic will be extended by possibly another month which means a lot of businesses are staying closed and unfortunately some people are losing their homes and more and more people every day, natalie, are ending up in a situation like the people who we met in that food line, just out on the streets for the first time. >> such a dire situation. that poor man, he's down to only $9. i hope he gets the help. thank you for your reporting, will. appreciate it. see you soon. >>> we have this coming into cnn, south korea will relax its strict social distancing rules starting may 6th. those measures have been in effect since march 22nd. the country's prime minister says the decision comes as the number of new coronavirus cases has remained low in the country. the prime minister says facilities will reopen gradually and events and gatherings will be allowed as long as they abide by disinfection guidelines. local governments can however flexibly adjust their orders, that's according to local circumsta

but now this is a discussion that has world leaders from here in japan to shinzo abe to president trumpether kim jong-un is healthy and able to lead, and north koreans would normally come out with a defiant statement denying this, saying their leader is in good health and in full command. instead what we've been getting is this stream of very small articles claiming kim jong-un sent a thank you note to various worker groups, including propaganda. that was in their main newspaper today. secretary of state mike pompeo acknowledging the u.s. has not seen kim in public for more than two weeks, something he says is unusual but not unheard of, and it's true that kim did vanish for 40 days back in 2014 only to later reemerge walking with a cane after reported surgery to assist with his ankle, according to intelligence. but the difference is now, back then there was talk of an upheaval going on and that's why you didn't hear from kim. this time there's been a lot more specific intelligence and reporting about kim's health potentially being in danger. of course, there was the u.s. intelligence y

prime minister shinzo abe, when questioned on the report, said he was prepared to take "bold and timelyt rate as high as 25%. that is the stark warning from us treasury secretary steven mnuchin, who added the unemployment figures were likely to get worse over the coming months. in april alone, 20 million americans applied for unemployment benefits. clem chambers, is chief executive of advfn, a provider of markets information and advice to private investors. let's talk this through. thank you for being on the programme. when the world but not biggest economy has a quarter of its workforce out of work, unemployed, what does that mean? it is the same level as unemployment in the deepest trough of the great depression in the 1930s. i think that is the simplest way to look at it. in terms of... i mean, this is steven mnuchin saying this is probably the real unemployment level. the actual data came out friday showing it was 14.7%. in terms of what this means for the us economy in the short term, let's discuss that and then the long—term. term, let's discuss that and then the long-term. well,