haidi: asahi ceo speaking with bloomberg.n exclusive chat with the ceo of hong kong's exclusive company. this is bloomberg. ♪ ♪ shery: time now for the morning calls with sophie kamaruddin in hong kong. the tug-of-war with rates continues. what is the outlook? sophie: -- i want to highlight what citi has to say. citi expecting demand for asian currency bonds to be weighed by heavy supply due to seasonality as well as governments like korea expected to issue more debt. yields than expected to drift lower and the bank says this could be a window to trim inflation exposure for the likes of indonesia. the finance ministry there citing no urgency to meet sales targets. also seeing demand, so yields expected to drift even lower, particularly for those low yields in the asian space. haidi: yields when it comes to indian bonds have been coming under pressure. what are you seeing when it comes to the rupee outlook? sophie: when it comes to the rupee outlook, economists at nomura had to say that the rbi is increasing the vulnerability

what is the impact to think that will have four asahi?ow are you feeling about the olympics overall? >> we have been enjoying substantial benefits from the promotion. we are satisfied with the partnership. rishaad: let's check in quickly with what is going on with japan. here are some of the companies making waves. sony signing a deal with netflix. securing exclusive u.s. rights to new movies from sony pictures after they leave theaters. the popular spider-man franchise. we have this company out with a 204% increase in net profits. that is driving that stock up 9.6%. overall, these are the benchmarks as we head toward the lunch break in tokyo. seeing a bit of a move to the upside. this is bloomberg. want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction...

haidi: that was the asahi groups ceo -- group's ceo speaking to us in tokyo.ok at the stocks we are watching. >> ahead of china's ppi report, we are keeping an eye on us or players in the mainland. this as profitability at steel mills have been surging with efforts to reduce pollution. we will also keep an eye on nickel and related tv players after city lowered forecasts for nickel. this is after plans were announced to start producing battery grade nickel, which undermines the medium-term bulk semantics for the metal. switching out the board, we are watching the cash open for koala plumper -- kuala lumpur. we have seen these companies' share prices diverge. they are working on a plan to merge malaysian operations. haidi: coming up, we will speak to a guest from bnp paribas, plus catherine young. the china open is next. this is bloomberg. ♪ ♪ >> happy friday. it is not :00 a.m. in beijing. i am tom mackenzie. >> good morning. happy friday. we are counting down to the open of trade on the chinese mainland. jay powell plays down the market. fears of rising price

asahi reporting tokyo may ask for another state of emergency.di: staying with the vaccine, emergent virus solutions has been told to stop making a covid vaccine for johnson & johnson. the key ingredient had to be thrown away. is there a concern that even if production gets restarted that the -- that there will be serious setbacks when it comes to the availability of this vaccine which was pretty important? guest: the johnson & johnson vaccine is seen as a key piece to vaccinating the world. the setback, the temporary pause on manufacturing is going to decrease the number of vaccines available but most countries are not using it currently, so there is a swelling of shots that are not being used. they have fda end of regulators clear again, i think they will be able to come across this hurdle easily. the lingering concern that things can be more problematic is questions around people who are afraid to get the vaccine even though the risk is very low rather than a supply issue. shery: doesn't help that we are heading into summer and summer holidays