so, yuko what are people in the market expecting from the boj? >> well, the gdp figure that came out yesterday was lackluster. some investors were hoping that the boj would do more to get japan on a solid recovery track. well, bank of japan policymakers have unanimously decided to maintain the monetary easing measures they introduced last april. they have also agreed to encourage commercial banks to step up their lending to companies. members of the central bank policy board wrapped up a two-day meeting on tuesday. they get their assessment that the economy continues to recover at a moderate pace, and that domestic demand is increasing ahead of the sales tax hike in april. they also noted that both business investment, and exports are picking up. by sticking to the current easing credit policy the policymakers are hoping to achieve a 2% inflation target. the members also decided to double the scope of the boj's two low-interest lending programs and to extend the loan application period by one year. under these programs, financial institutions can

maybe that's the way the boj felt that in the wake of the gdp number. does this mean that they're going to do more essentially with abe-nomics petering out, without any news on the red arrow, we need to buy into the government first. before that happens, i'm not sure they're willing to move aggressively. >> are you surprised by the pboc's move? >> what we see from the pboc is they knew january was going to be a strong number. so if you look at the run up to january and how they actually managed liquidity in january, in hindsig hindsight, our economists note that if we weren't tight about liquidity conditions in december and in january, maybe we would have had a bigger number, maybe it would have been 3 trillion in terms of social financing. so what they're trying to do is trying to send a message that they're still not willing to go back to the old wayes and to allow credit to be as cheap as possible. so they are trying to just warn the market. you know, this was probably a one off month, the new year effects, of course. overall credit and growth is goi

>> a defense on what you think about the yen and what you think about the boj.the second point first, we are more cautious about it easing and the boj want some buy-in from the government and want to see more signs of reform. andave comments institutions can ease. that may not be happening. the second point about the yen is what people need to focus more on. which currency is the safe haven? it is the yen. if they unwind, they will be unexposed. we country. not want to -- the currency you do not want to own is the sterling. we are talking about one third of gdp. that is one sector i'm concerned about. >> the dollar yen is at 101. what are you expecting? >> it depends on 105-106. it should stop around there. >> what about one month? a it is more headlines and is bit lower. we expect that to happen. 101.89. market -- >> the market will be cautious, as well. the boj has credibility issues. , despite with the government is saying, they want to ease. >> what is your take on the euro-dollar. -- euro-dollar? short best play is to be the euro-sterling. boe is allowing t

boj decision. there is a lot of speculation that boj could be adding to its stimulus plan if not today in the coming weeks and months to come after that. very dismal fourth-quarter figure that came in under expectations. panasonic report supply chain problems. the storm caused delays or cancellations to flights. demand has come ahead of resistance. and the las vegas sands website back online after being hacked. service fort of almost a week. the santas working with state and federal agencies to investigate. tradersrmer barclays have been charged in the u.k. in connection with a global investigation into fixing s.terbank rate' >> good morning. these are the latest charges. governre the rates that this financial market. they touched not only bankers of course but ordinary people as they impact everything from the u.s. dollar to currency rates like the japanese yen. this is a major global investigation in the serious fraud office leveling these charges against three x barclays employees. the charges a

boj said they will continue to buy bonds as it needed.precedented stimulus last april. investor. gary, japan. you are not a fan. out forst not working you. we have had a lot of talk and rhetoric about abenomics. said, i want to see the product. i am not getting it. but that is right. if you see the based on hopes. 2014, we needed delivery. that gdp numbers showed they are not that confident because companies are not spending. a tax increase will take place. >> rising the rate i should say. >> even the consumers need to back off. i am not sure what it will have in the second half. >> in the first quarter, which we do not have, it could be the run up. we saw a lot frontloaded. but anticipated already. they will talk in an upbeat way as we go through the fiscal year and. that will be at. that is what people will get nervous about. want concrete reform and structures performed but not delivered? it todo, we have to see see growth. we know clearly what a very poor demographic it is. if you are bearish on japan, what are you bullish on? we have

after the policy board meeting boj governor hundred cocoa row to stress the significance of the latest decision. he announced the changes this time will reinforce the mechanism for spreading the impact of our monetary easing measures. curtis said he hopes those steps will encourage financial institutions to promote the flow of funds to businesses as well as two households. i knew. i am some chefs in sochi are trying to score high marks from tourists visiting the winter games. they know competition will be tough trying to lure some of the three million dinars during the olympics and paralympics into their restaurants. annie's heroes have ashley in nine days so i met one cook trying to earn the gold medal performance performance with hungry visitors. twenty three beats the excitement right now rusty team all city to city hospitals including. he could have been pining takes you to show me new audi peaks seen i can. to deal with today the amount of no rain already she's named keith it had halted a two weekend games compete some reason the rear. some audience with a two time horse. in ninet

so see if the index can hold onto these gains made so far this week formally the boj decision on tuesday and once again the mayor wants for her the chance of bleached going to try and make me care he says this is results after them like it closed on tuesday. it reported a seventeen point seven percent increase in net profit for the fiscal year ending in december two thousand thirteen. and yes the creek and we kept the company agreed to pay a fine of four hundred and ninety five million dollars for price fixing on bobcats last friday when they also want to continue to trade shares of japanese export is to be in the yesterday on the back of a weaker yen. but overnight the yen has to be cooked some of this process. instead dollar signs to come out and made only he and his treating actor right now. dolly has not had one hundred and two point two four two two sikhs compared to one hundred and two point seven when the my kid here in japan closed on tuesday. my twenty s still did all i have to overnight week the us economic data caching this prissy peggy lee told the market balanced media that

the boj said individual banks to borrow at lower interest rates.ve underscores the to do what ever is necessary to get out of deflation. the u.k. probably has more spare capacity. is according to policymaker david miles. >> there are some pretty clear signs that there is a flat. although unemployment has came down very shortly, it is very welcome. it certainly remains abe of a level consistent on average with our hedging target. people wanted to find jobs. this degree of slack of there. implement remains above that. -- unemployment remains above that. >> he spoke exclusively to guy johnson. prices have surged in the past year and the u.k. raising concern it may be heading to another bubble. manus cranny has more. there are fears of a bubble. >> the research comes across my sets, -- said, with in london we have people borrowing three times or four times their multiples of their income. or crisisles are high level. marco carney said it is beyond my control. people do not need a mortgage as the high-end. it does not matter if i raise rates. we caught

now people are talking about the need for the doj to step in earlier -- the boj to step in earlier than expected. >> a lot of people are saying there is going to be an economic impact to growth for japan. boj starting its policy meeting today, there are also comments coming out through the government of japan and moody's. talk about that and the reaction to this latest figure. >> we are getting all sorts of statements looking at different parts of the economy. you have private demand still holding up well in the economy. that is expected to pick up because people will be frontloading their purchases before the sales tax kicks in. movies, they put up -- mood y's, they are perhaps alluding to the credit pop for japan. it is still in a surplus. i think 1985. you have a big drop in exports. they are that his credit-negative. that is chipping away at one of japan's main strengths. the economic minister releasing a statement about an hour back, they are saying the economy is firmly on the rise mainly because of private demand. that is the same comment that came from a chief cabinet secretary

first the bank of japan when at the two day policy meeting on tuesday in january boj policy makers decided to continue a massive stimulus program be set in motion in april last year. britain's jobless rate for january will come on on wednesday the country's unemployment has dropped to seven point one percent the bank of england governor mark carney has indicated the key interest rate will remain unchanged at a record low for the time being japan's trade data for january will be released on thursday the country's trade balance was kinda bad for eighteen straight months as of december. on the same day hsbc will release its latest survey on chinese manufacturing activity in january. the index stood at forty nine point five falling below the crucial level of fifty for the first time in six months. and the us consumer price index for january. also due out on thursday that december's cpi edged up one point five percent from the same month last year. and the silliness in business news for this hour i'll leave you with another tag on the markets it is. security authorities in each instance bank te

the boj winds up its policy meeting on tuesday. other asian markets also climbed. hong kong's hang seng closed at a three-week high on waning concerns over china's tight credit conditions. jakarta rose to a level not seen since the end of october. in thailand, the bench mark index jumped 1.56% to 1,332. its highest close in almost two months. despite the country's political unrest, the economy recorded bigger than expected growth in the fourth quarter. and asian equity rallies are supporting sentiment in europe. looking at london, the ftse is up about 1%. and in frankfurt, the dax is up about 0.1% trading at 9,600. and in paris, the cac 40 is almost unchanged at 4,339. moving on to currencies, the dollar/yen is currently changing hands at 101.93-94 due to lack of trading cues. analysts say many u.s. market players are away for a public holiday. the indonesian rupiah continues to rise, reaching a three-month high against the u.s. dollar. indonesia's shrinking current account deficit boosted demand for its currency. >>> japanese textile giant toray industries has unv

. >> the boj maintain the face of its bond buying program. to tell us what it means for the markets, here is jonathan ferro. overnight session, the dollar-yen higher, the nikkei higher as well. it is more about the symbolism of this world -- of this move. who are they going to lend to because companies are already sitting on record cash piles and record deposits? they do not need this money anyway, that is one way of looking at it. here we are. we are the bank of japan. we are ready and determined to do more. the expectations for the bank of japan, 25 out of 34 economists say there will be more easing by september. huge. mini squeeze. >> the boj and the chinese central bank are concerned about credit and the funding and china. they are trying to do something about it. some really punchy figures for credit in the month of january. a lot of people say this is seasonal. this is well above what a lot of people forecasted. if you think lending is too cheap, you have to do something about it. you just saw the moving chinese stocks on the back of th

on the sidelines ahead of the outcome of the japan policy meeting city for the pass few months the boj has kept its monetary policy and change and mold. they say the central bank will decide to continue doing so at this month's meeting. but maybe my kidneys are looking to love the idea of the shares have to say about the outlook for the japanese economy. i needa what's the possibility of the png introducing further easing measures this year in what are you hearing from analysts. this is the mike as i include expecting to be looking to ease monetary policy this year especially after monday's gdp data would depend on the much weaker than expected. dollar yen will appear on the chair as the nz dollar yen is not the one hundred and two point one two two one four the dollar yen under the fountain the one hundred and one in right after the gdp data was the east as unlikely as bt re standards but some are then subject already so big and has expanded beyond she did this but that we did this year steal his losses. i said because many people do not think the japanese central bank won't take that

the boj has substitute pat so far on launching a strong burst of stimulus last april. nikkei rallied on the news up 3%. i don't know if you saw the "new york times" op-ed page today weighing in on what mario draghi should be doing. he said we're going to have deflation in europe, you have to print money. you never see the times get involved in these economically -- >> just when you think the role of the central banker is maybe going to start to fade into the spod light. >> no, apparently not. >> all your suspicions are concerned, maybe only here. that's all right. >>> this week, markets will turn their attention to the fed's view of the economy. minutes from the fed's latest policy meeting are due tomorrow. michelle and dan are joining us here this morning. great to have you both here. the dow, s&p up six of the past seven days. do you see this continuing as the rest of the world seems to be a little more settled and we appear to be a little more settled about it? >> i think it's all about earnings and actually top line growth is starting to look a little bit more attr

there is a much better connection with the boj and the government.he majority of the economy's out there did not inc. that thinkwould be -- did not there would be something that takes place with the tax increase in april. >> overall, what is the next timetable like? we have the sales increase in april. the month after that, will that be a crucial indicator? >> absolutely. i think the july-september figure is the most important one. we know we will have a negative reaction to the january-march growth that we see. july-september, looking at corporate activities will determine whether there will be moves to the growth forecasts of the year for japan. i think that is the single most important factor we should be looking at. >> thank you for your time. always a pleasure to speak with you. come, these boots were made for strutting. ceo oferview with the hunter. >> and how the british brand is pushing for global growth. also coming up, heading to the slopes in style is not just for the 1%. why it is easier for anyone to get on board a private jet. ♪ >> welc

remember that the government and the boj are also waiting in the sidelines. -- what, what ship and japanwn is that they are still flexible. run out of options on the monetary side. we think what is going to happen is if things don't work, this program which is equivalent to some sort of japanese ltro will get expanded. most funds that i am speaking to are convinced that if we went down another 10% or 12%, the ultimate liquidity pot is there. seems like this casino plan for japan can't come soon enough. that is what, 10 years from now? what are they talking, 2020? six or seven years from now. what are we doing in the interim? it seems an increasing number of people are losing conference -- confidence in abenomics. i was talkingt about earlier on, the link between the market and the economy. ofht now it is a story liquidity provisions. they pump more liquidity into the markets, dollar/yen goes up and the correlation between the equity markets. g. haven't seen that decouplin thateed that to show there is some real group coming in. >> have you done any work on this, tim? >> if you carry this

on the road that has been traveled by other major central banks, the bank of england, the fed, the bojhink they should start with commercial bank loans. >> mario draghi mentioned that recently and gave us. it is not easy to do that. technically is much harder. there is a price for that on the market. this is why they will try to do something in between. if we see inflation can continue coming up lower-than-expected and inflation two years out is substantially below 1.3 back in september, then qe is a possibility. quantitative easing from the ecb, it might be a european-style type of easing, it will not look like qe es where? -- it will not look like qe elsewhere? >> possibly. the criticism it is slow reacting, slow-moving. the very well done omt, they could surprise us. >> if the ecb surprises us, will that push the euro lower? absolutely, that is behind the call for the shift down of the policy rate, going negative territory. we know there are counterproductive consequences. for simple, when denmark did it, the lending rate for banks went out. what we are saying is there is a very sma

coming saying inflation is likely to stagnate around march and april of this year, resulting in the boj adding stimulus. inflation outlook for the country. china is the other big story of the day. much weaker, but we have covered a little bit of that. happy friday. >> david, one stock is resuming trade today in hong kong after a very long time. isthe name of the stock birmingham international holdings. this is the hong kong listed owner of the football club. not exactly get a warm welcome from markets, down 34%. the owner a few years back was charged for money laundering, $93 million. he resigned as chairman. they were used to pay for a stake in the club. he is awaiting trial and the stock taking a big hit, 33% underwater. >> thank you, david. >> it is often referred to as the most important piece of economic data in the world. we will find out how many jobs were added to the u.s. economy later on today. jonathan joins us today. look back at that ugly number from december, 74,000. blamed -- if in doubt, laying the weather. -- blame the weather. i say wait and see. if you ever played in

so the question is, what is the boj doing next, ease further? the next meeting is february 17. 18. that's going to be key because it could pump more bullish momentum into the japanese market out of the japanese yen. also watch april because the vat tech hike. that tax will be a key test of whether the economy and a abenomics is working. for now the bull traders that i talk to, scoot, that were betting on japan say that trade is intact and this could be a buying opportunity. >> we will have much more on the japan trade a little bit later. some perspective as well. a market up nearly 60% last year. pulls back 14% in early part of this year. keep that in mind. again, more later. >>> one of the key questions now is whether the market pullback and economic weakness is going to force the fed to change stance on tapering. here with their insights is chief economics reporter steve liesman and jon hilsenrath, wstz journal. gentlemen, great to have you on the show. steve, what do you think the fed is thinking today? >> i think they're watching. i think they're trying to figure out where the

let's go to news overnight from the boj.ing programs while sticking with a plan for unprecedented asset purchases. good morning. >> a good morning to you. the punchline is no change. we are staying the course in japan when it comes to the asset purchases. the central bank plans to expand the monetary ace to 70 trillion per year. in line with economists we surveyed. if you hone into the statement it says they doubled their core part of the gross lending program to ¥7 trillion. the bank of japan doubled the scale of this unlimited lending facility and extended the time frames of both programs by a year. individual banks can borrow twice as much low-interest money as previously under a second facility. that is all fine and dandy. the impact of this is likely to be limited because companies already have record cash. it looks like steady as she goes . polemists in it from expect the july to september time frame. they could preserve firepower perhaps for later on. let's get back to intercontinental hotels latest report. this stitc

. >> so he thinks that the boj ease policyd further.he thinks will be the best action. goldman sachs, before these numbers came out, actually said they may need to eat some dues. >> thank you for that. speaking of japan, a tumble for records and -- for rakuten. saying tog out and sell the shares. it is buying privately-held viber. viber has 300 million users. they will look to compete with the line service. be the return of nuclear energy in japan? >> this is "on the move." here we go again. just a month or two after the credit crunch in china, bank lending soaring to the highest level since 2010. that does indicate a shift in emphasis for the people's bank of china. aberration,year even. don ingles is here with us in hong kong this week. read from this? >> it is probably a lunar new layer -- new year aberration. it is traditionally a heavy time for bank lending and that is what we are seeing, which brings us to the first chart, where we see new loans from banks. trillion -- 1.3 trillion yuan. just about three times december. again, we

a couple of the issues we are watching, number one, how will the boj respond to that?and came out saying he expects 3 million subscribers will ultimately be in purchase by charter and that will help get this deal through. landscape.s the >> it is a huge transaction. look for reporting on that day. >> time warner cable goes up in the premarket, charter communications is down by 6.5% in the premarket. rotorhead made a bid for time warner cable. insufficient, which is what enabled comcast to make a significantly higher bid. charter left out the quote. >> they strung them along for three months. of whole foods down. the company lowered its four- year forecast. increased competition, not just from other grocers, but whole foods new store. you mentioned hopefully it is lowering prices to get more foot traffic meeting in. >> we live in an amazon world. the home shopping network, told me. we have got to compete. >> he has got to compete. here is another mover from last night. in college basketball, top- ranked syracuse saving the best for last. four seconds left in the game. n

faith, but i think there's going to be more pain and may be pressure on the central banks on ecb or bojabenomics quotes, hard to say. >> if the world was perfect, if the fed and central banks did things to improve in tough times, they should probably pull that in. pretty much they have all their lines out, right? and we have another issue developing, that kind of makes it dicey. if they reverse course, our central bank, i think the markets would have a problem with that. >> i couldn't agree. i don't see our central bank -- they're doing what they're supposed to. our economy is improving, maybe slightly slower. it is improving. more of an issue in europe and japan and this carry trade. very crowded carry trade. >> thanks for taking the time today, buddy. sarah and the gang, back to you. >> thanks so much, rick santelli. let's send it over to sheila and get a quick market flash. >> check out shares of ryan air. the irish airline, which is europe's largest by passenger numbers reported strong forward bookings and easing of intense price competition among european airlines. this is after th

i'm quite concerned, but i think that unlike the fed and the boj, we've seen in the ecb a declining balance over the past year, year and a half, so i think that if there is one central bank that has some dry powder on the balance sheet to actually turn and start spending it, actually, taking a bit of a cynical view, i think that will the fed might be having back channel talks with the dcb saying, hey, guys, we have been doing it for three to four years at full power. maybe now is the time to pass on the battle and for you guys a little bit, and i think that's what will actually end up happening. >> do you think that holds sway with mario drugge to allow the balance sheet to cap out. what will happen if they reduce it? >> i think it will be a change in the emerging recovery we are seeing in the periphery view. and if you see the deflationary projections, you will see the numbers move in. >> action or no action next week? >> tough to say. i think he was preparing for the action to start coming, but i'm 50/50. >> hsbc shares are trading lower after the bank fell short of expectations with earn

if they keep up fiscal spending and if the boj put on more than they promise, yes, there's a chance thats economic boom in japan could continue, say, for one more year. but where does that lead? >> yeah. where does it lead? thank you. good to see you. have a good weekend there in japan. >> nowhere. i like the song on the road to nowhere. >> i don't know it. sing it. >> all right. >> just asking. >> a couple of flashes across the wires regarding a bitcoin exchange. apparently filing for bankruptcy protection according to dow jones. also a suggestion that there may be a news conference on friday at the tokyo district court. we're hearing, as well, that they filed for rehabilitation at that tokyo strict court, too. again, anything on that, we will keep you updated. but despite -- we're on the road to nowhere. no? >> they're trying. talking of bitcoin, there was a reason for that. despite bitcoin's recent set back, reach continues to spread across asia today. hong kong got its first bitcoin counter. customers can pay cash and send the bitcoin to a digital wallet. the entrepreneurs behind it

the boj is behind it. they're buying at a great rate and they might buy even more we think maybe in june and july. they may tweak things a little bit. >> all right. >> we'll see what happens. john, good to see you again. >> thank you. >> thank you. >> mizuho u.s. josa joining us. >> the dow is up 68 points. and the nasdaq still sitting decisively above 4,000. >> meanwhile, the botched rollout of the obamacare website proving costly to some consumers. now it may be costly to america's jobs market. the congressional budget office announcing today there may be 2 million fewer full-time jobs because of the new law. we'll explain that coming up. >>> and after the bell, jesse ventura going off the grid. he now lives in an undisclosed location in mexico and from that undisclosed location, he's still worried about america's middle class. sounds odd but it's true and jesse will be with us to explain. that's all coming up. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male anno

reserve has quadrupled its balance sheet, the bank of england, swiss bank, ecb has doubled theirs, boj has doubled theirs, there's going to be a longer-term inflationary risk as a result of this. i don't think we're going to go to 1980-type levels of inflation, but i've got to think down the line, if you buy the ten-year yielding 2.6%, if you own that a decade out, i'm fairly confident inflation will have eaten away at that total return. we want to underweight sovereigns, treasuries and look for opportunities in spread sectors, whether it be corporates and also take advantage of some of the muni selloff from last fall due to the puerto rican and detroit situations. >> all right. thanks, john, for the tips. it's been a rocky new year to start the year for stocks. john lynch. friday is the big jobs report. it's also the day that we hit the debt ceiling. yes, they can put in temporary maneuvers, but could we go again to the brink? >> i think it's march, isn't it, that they pushed it ahead? because of the extraordinary measures? >> yeah, but jack lew has been warning, mid-february. >> i th