governor haruhiko kuroda says the bank's monetary easing measures, coupled with the negative interest rate are already having an impact. >> translator: i will examine risks to economic activities and prices, and if i think it is necessary for achieving the inflation target, then i won't hesitate to take additional easing measures in terms of three dimensions, quantity, quality and interest rate. >> he said it's possible that improvements in japan are being overshadowed by uncertainties to emerging countries. he said the bank will press on with its measures until the effects are felt throughout the whole economy. >>> the u.s. commerce department says the country's economic growth slowed between january and march, compared to the previous quarter. the latest data shows the preliminary growth figure for the gross domestic product is 0.5%. but the market forecast was around 0.7%. it's lower than the 1.4% growth of the october to december period. by category, housing investment gained nearly 15%, but personal consumption which makes up about 70% of gdp, lost steam because of weaker auto sa

the boj governor, haruhiko kuroda, says they are doing nothing.nomists forecast it's an insteadoday, but they opted to take time to assess the impact of negative rates. stocks tumbled in tokyo. let's get more with andrew wilson from goldman sachs. andrew, i was reading through what happened -- i wasn't sure whether i should read it as hit capitulating and saying, well, i need to understand the effects, or his backing out completely, saying may be negative rates were a mistake. >> i think it's a short time from a central banker's point of view. certainly they disappointed the markets; you can tell that by the stocks. the markets were certainly expecting something, and i think their disappointment is reflected in the market reaction. it does take time for these actions to start working, and during the press conference, he highlighted the fact that lending rates have come down, which is true, but there hasn't been much going on. it will take time for policy actions. it was also disappointed because there had been some speculation about reducing the r

the boj governor haruhiko kuroda says he doesn't think positive and qualitative easing have reached thes. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . francine: thank you so much. european markets are lower this morning. lets head straight to the bloomberg with mark barton for your asset check. mark: let's just have a little peek at the sterling against its major peers in light of the latest unemployment data. unemployment rising for the first time in seven months, suggesting that the labor market is crawling. average earnings, excluding bonuses, are in in line with earlier month figures. was below the previous months adbul-malik abu assessment. these currencies arising against the pound; a few currencies falling against it. that's today, and to put it all in perspective how this year has been, concerns about the upcoming referendum are listing on all these currencies, all 16, against the pound. this is a nice chart. this is the stoxx 600. it shows us how it has broken

. -- this is trying to get into the psychology of haruhiko kuroda. rates.es into negative we had an interview with him about five days before where he told us negative rates -- before he spoke to us, he spoke to parliament, saying we aren't thinking about it. is this a central bank or not only doesn't want to be dictated to, the chooses to suppress the market as a weapon? >> it certainly looks a bit like that. he doesn't mind suppressing the market, but he deliberately chooses it as a weapon, discussions going on in the background that we don't know. indeed,y can't say, but she does not seem to be hearing very much about the market, deterring the public. as you could say, to some extent, he is not using one of the tools for central banks; namely, that is to get some confidence in central bank action, and with confidence to inspire them spending decisions. by creating some confusion, i don't inc. he is helping. francine: let me push back against that. we were trying to figure out yesterday, if the central bank is too transparent, and everything they d