that comes as the bank of japan governor kuroda begins his second term, vowing to achieve 2% inflation. this week's national bank president says he is not an a hurry to a just policy despite -- thomas jordan made the comments hours after the swiss frog broke through the oneear -- the swiss franc

isk: i am sure kuroda excited the market didn't seem to care when that news came out. about 20 instantly, but quickly erased that dewccline. that shows the market is bored of this conversation. the good news is that kuroda is signaling he wants to lay the groundwork, so we will get warnings when policy changes. kuroda early in his term was known for surprising people with policy, so a lot of investors will be pleased to know we will get a heads up if they will be but it isom the boj, unlikely to come anytime soon. rishaad: looking at the retail sales miss in australia, also building approvals a little down , not exactly what people were looking for. what is the take? mark: it was a mixed bag of data.retail sales was better than expected . building approvals was lower. a mixed bag. it could be taken positively, because the more important number is retail sales, showing the consumer continues to be strong. the backdrop at the moment for the australian dollar is quite negative. weak, are very commodities overall are not doing well, but this probably means in the short-ter

having said that, governor kuroda is a strong leader of the bank. of people who think he is committed to the policy that he has been pushing these past five years. some have said if prime minister abe steps down, boj policy will stay intact because it has support within the bank. there are two to schools of thought on that. leaving it would take pressure off of mr. kuroda, and he would play around with the timing for 2% inflation, and the other measures. stayome also say he will steadfast in his policy. much,thank you very bloomberg's managing editor for japan and korea, brian fowler joining us on this meeting at mar-a-lago. still what this is tim graf, head of macro strategy emea, state street. it is more than just the meeting at mar-a-lago, but what would happen if abe resigns, how would you expect equities to react? how would you invest if you knew that were to be the case? tim: the point made about kuroda was a strong one. they are in theory an independent central bank. kuroda still being there for a few more years would mitigate the yen strengt

kuroda expects to make some kind of decision

this is the key from kuroda.m and new tenure. -- yenhening strengthening, more so to do with the fact you have geopolitical risks in syria. those of the lines from kuroda. -- those are the lines from kuroda. juliette saly is standing by. juliette: facebook shares rose strongly as mark zuckerberg's defended his company on capitol hill. he agreed the datasharing scandal is facebook's fault and the company is responsible for the content. the social network's ceo says the company must take a broader view of its responsibility. the chairman of the company behind the skyscraper has told bloomberg about his plans to go into the e-commerce business. he made the comments an interview for leaders. >> when i look at the middle 2%t, e-commerce is 1.4% to -- tiny to the rest of the world. it is room for all of us to grow. where will this be? much faster than the rest of the world and it will get into the 10% to 50% quite fast. -- 15% quite fast. juliette: you can watch atncine's interview in full 7:30 p.m. tomorrow in the u.k

no, i don't think so >> our thanks to bank of japan governor kuroda.very open with the fact they'll continue their easy stimulative policy pretty open with the fact that japan wants a multilateral solution and is going to continue to try to convince president trump to join tpp instead of go about it in a two-way street which is what the administration seems to favor. and as far as the yen, he was saying sometimes it appreciates too much and he doesn't really understand why it's this sort of beacon of safe haven flight during times of volatility we talk a lot more about some of the recent stock market moves and why he thinks we've seen increased volatility and the prospect of a debt crisis in japan, something many investors have thought for years i'll have that for you on "power lunch" a little bit later. >> a lot responding to the five-year thing. >> five-year -- >> plan? >> he's confident they'll figure out and hit that inflation target within five years they're about half of where they need to be to 2% >> watching that, along with the peso today, the

this remains six years in for kuroda. saker: that is the big challenge.ormally, they say we will achieve the 2% target within two years. it is around the horizon. they dropped it. they are basically saying we cannot do it. we will keep interest rates effectively at zero for are saying and they we need to stimulate the economy. it's ok. it's almost like inflation is stubborn. anna: what do you think of inflation? there was a good chart showing the widening gap between the 10 year jgb yield with the diverging policy. i want to bring it to the u.s. because we get this data later today. the eci data. some people saying this could steal the show from u.s. gdp. it was inflation expectations that triggered the bond selloff in the equity selloff back in february. when it comes to the fed, we are not expecting much out of the meeting. are they going to look through inflation? saker: they will look at inflation rather than look through inflation. they are expecting some inflation pressure to come through and they are expecting it to -- three or four hikes in intere

has governor kuroda just delayed --. amazon delivers.h a more profitable quarter than anticipated. the stock is primed to open at an all-time high on wall street. ♪ francine: good morning, everyone and welcome to "bloomberg surveillance."

governor kuroda a has to keep politics in mind at next week's policy meeting.ound over the last three weeks, the yen remains the best performer against the dollar this year, up 5%. as you see on this chart in the gtv library, resistance is holding. the boj has refrained from cutting its bond buying, perhaps to avoid a repeat of january's experience. plus, there is a busy auction schedule. no tapering is expected as kuroda needs to discuss his timetable at next week's meeting. let's check in on futures. contracts pointing lower across the board. a weakness for the nikkei 225 at the open. bond markets heavily in focus with benchmark yields on one point sent. -- 1.1%. the u.s. treasury considering using them -- an emergency loss. on the radar. aluminum fell from a seven-year high on speculation russia may resolve. stocks in sydney eying a lower open. talk more about that taiwan semiconductor ripple effect in a moment. let's get first word news with courtney collins. >> the world bank is echoing positive comments from the imf, saying the global economy is showing s

this is bloomberg. ♪ tous: haruhiko kuroda is set give new findings today.is set to mark the occasion, with faster wage growth and a positive output gap. 2% target seem a bit distant. this is the story we've talked about for as long as i've worked at bloomberg. the distant low lands end high lands, let alone in the underperformance -- will they make it to 2% and if so would you buy japanese equities? >> i don't think they will make it this year. but that's not really the key issue. i think the trend is what matters to investors and what matters to us. you have seen really good retail , and there an pickup in wage inflation which is quite new for japan. the overall picture for japanese markets is quite positive. ,hat's a market we own and like it is very cheap on valuations. it is very much loved by international investors and we think in this environment where you have tension in emerging markets and some disappointment in the u.s. on the tech sector, japan is a good market to be positioned on. nejra: investors are not loving japanese markets. will japanese

kuroda says he is holding internal discussions.on will depend upon conditions at the time. he said inflation a star from the 2% target and he will continue the stimulus until that goal is reached. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. ♪ haslinda: paul, thank you so much for that. in the markets, traders still mulling over what this all means and how it will play out. let's get the sophie for more. a lack of clarity so far. >> but it looks like asian stock investors keeping their heads, despite developments from the u.s. list. the kospi leading markets lower. investors piling to companies with a little exposure to the united states. in sydney, shares of sliding for a fourth day. the sydney dollar popping 0.2%. -- 0.3%. taking a look at what is moving the dow in japan. we are seeing some signs of trade concerns as a factory automation company loses ground. electronic makers outweighing the rise in retailers and autos. sinking in t

we do not expect change to the policy but it is the first meeting for coronas new deputies -- kuroda'shat is it for "daybreak australia" but stay tuned, asia is next. this is bloomberg. ♪ ♪ 7:00 a.m. in hong kong. live from bloomberg's asian headquarters. welcome to "daybreak asia." asian-pacific markets set to tech wave. the nasdaq gained more than 2%. amazon sales surged. another $12 billion. shares hit a record in late trade. globalfrom bloomberg's headquarters i am ramy inocencio in new york. it is past 7:00 p.m. set to keepjapan policy unchanged as the stimulus m

has governor kuroda just delayed --. amazon delivers.mpreza investors with a more profitable quarter than anticipated. the stock is primed to open at an all-time high on wall street. ♪ francine: good morning, everyone and welcome to "bloomberg surveillance." i am francine lacqua here in london. these are your market checks. we are getting some breaking news. we understand that because of a volatility, it has lost $21 billion in the first quarter -- the norway wealth fund has lost $21 billion in the first quarter. fund gives us an indication of how some of the banking units will do. you can see equities gaining. i would point to the buoyancy that we saw with tech stocks. we had intel reporting, amazon beating estimates. we had the bank of japan from go dirt -- governor kuroda look -- live. they are getting rid of the language of 2%. we have nothing that much of an impact on yen, currently up. below the 3%s are target that we hit earlier in the week. i guess if you look at the markets overall, they are really looking at this historic summi

what do you want to hear from governor kuroda today?ove to hear him once again assess the latest numbers, which you just broke, on the jobs to applicant ratio, getting even tighter. we see all these people on the streets of tokyo, bank of japan behind me, discussing policy signals, which will be delivered. they will be updating their outlook for the economy, inflation, and governor kuroda's press conference afterwards will be taking that coverage carefully for our bloomberg audience. there is theation, political scandal facing prime minister abe, his drop in popularity rating. we were told yesterday, even if abe survives, this could open the door for governor kuroda to look carefully at normalizing sooner rather than later. this is one of the things he touched on. >> the most important part is 2% inflation growth, a promise to the government. weakened,ernment is the boj can multiply that 2% inflation growth. kathleen: also interesting that an up-and-coming female politician, who is a member of parliament, considered a person that could

it is unlikely that corona will will talk -- kuroda about in exit strategy. exit strategy.the korean peninsula. 1.3% earlier in the session. aspmakers leading the gain intel is added to the optimistic and sk hynix.sung i want to highlight what is going on with jakarta as well as stocks in indonesia are snapping a decline. wondering if equities are cheap enough to buy after the worst drought since 2013. bonsai rallying as treasury yields fall. the indonesian bond rout continues. bank of indonesia saying it will not hesitate to hike rates to sure up markets. prices rising as paul mentioned earlier. control inretain hong kong. is halting a five day drop. rishaad: thank you, safety -- sophie. let's have a look at malaysia now. after failing to meet an earlier goal set for 2020, this was his first international media interview in three years and it was with us at bloomberg. telling us that the new target is keeping agencies happy. way that wepassing to moving in a positive term be high home come -- to become a high income, fully developed nation. but numbers, physically as well.

haruhiko kuroda has expressed this, theyn about could destabilize thatcher markets.lieves lawmakers are said to have agreed on a maximum three casinos if gambling is approved. party member told reporters that number will be reviewed seven years after the first location wins the green light. they are yet to agree on entry fees. the continuing debate may gaming that caps on revenue. property values in sydney fell for the seventh straight month in march as the once red-hot housing market continues to cool. .3% last month and are down more than 2% from a year earlier. contrast, other places seeing increases. they are up 13% on the year. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am paul allen. this is bloomberg. up, putting its own chips in. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i'm haidi lun in sydney. rishaad: i am rishaad salamat and hong kong. apple aims to ditch intel and use its own chips by 2020. by of these down by .1% -- about 1%. let's get to the action. intel did fall t

kuroda's remarks, but he is very careful.hleen: what about the 10 year yield to note knocking at the door and rising above the yield curve? >> that what sort of translate expectedt is already and incorporated into expectations of the people. on a risk, u.s. acts in a way that would sort of contradict expectations. i think it would not really move the markets. kathleen: what options does japan have event it appreciates above 100? >> intermission at the dow 100 is impossible. it is only possible when president trump and mr. abe agree. breaks 90,yen dollar then i think president trump may feel some uneasiness. at that time, we may intervene, but at this point, it is impossible. the failure of prime minister abe to get anything substantial with trade with president trump last week have been a factor in his political steady decline in ratings? how does that play it to exchange rates and the whole question of where is this going? trump meeting was that successful, but that hasn't affected him that much. expected some extent by the

that comes as governor kuroda begins his second term, vowing to achieve 2% inflation.ional bank's president has said he is not in a hurry to adjust policy despite low as theouching a situation remains delicate. thomas jordan made the comments to bloomberg hours after the frank broke through the 1.20 euro mark. we still have a relatively fractured situation. it can change from one day to the other. we remain prudent at this time. juliette: global news 24 hours a day, on air and tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on bloomberg at top . checking in on markets in asia, we have seen the regional index fall for the first time in three sessions, snapping a pretty good streak we had been on midweek. it means over the course of the week, the region's game is up by around one third of a percent. youof this due to the fact have seen weakness coming through in the tech players, led in taiwan. you are seeing the csi 300 in china down 1.4% in late trade. japanese stocks fluctuated with weakn

boj governor haruhiko kuroda expressed apprehension about corrupters.uld destabilize financial markets. are said tomakers have agreed on a maximum three casinos. the party member told reporters that number will be reviewed seven years after the first location wins the green light. they are yet to agree on entry fees, and the continuing debate on the tax on gross gaming revenue. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. we are counting down to the top of the major market open in the asia-pacific. we had some major markets like hong kong coming back online here today. let's get the latest with sophie kamaruddin. it was hardly a quiet start to the second quarter for wall street. what is the set up here in asia today? jessica: the pressure is going to be on after u.s. stocks fell to gretchen territory through the nikkei and kospi set to lose over 1% at the open. tech stocks will be in the crosshairs today. most inpmakers fell the two years on the repor

-- abe-kuroda show, which has been positive. gdp growth in japan in a decade which nobody thought was possible. francine: when do we find out? visit july, august? once again, i am asking economists to look into the crystal ball of politics, where politicians do not even know. simon: i do not see any material weakness in the abe-kuroda axis. what is far more concerning if you're looking at investing in japan as they are in line and markets as far as the u.s., but highly sensitive to if we are seeing a plateau in that coordinated global expansion, and march pmi's globally were very weak, and that cannot all be blamed on weather. weak on the good side. if that is starting to pastor a stronger yen into reduced performance, that is when you pare back your purchases of japanese equities. that will come into sharper relief, the longer and longer this trade rhetoric between the world two economic superpowers. francine: japanese investors into u.s. bonds for the fifth straight month in february, and sales for the second highest on record

kuroda says he is holding internal discussions and a position will depend on conditions at the time.o repeal to inflation is far from the target and will continue a stimulus until that goal is reached. san francisco fed president john williams is moving to new york. powell's androme her circle as an outsider to oversee wall street. williams has spent most of his career in the fed. he will replace william dudley on june 18 and he recently said he favors three or four rate hikes this year. after releasing model three production figures, saying it will not need to raise money. the output of cars in the past seven days was below the target of 2500, but it was better than feared. tesla also said they expect production to increase rapidly the next quarter and is expected to burn through another 2.5 billion this year. is the world's biggest height agency as saying it will hold an independent counsel of allegations of misconduct. of its ceo inquiries is underway after the wall street journal reported of misuse of assets. thever, wpb says allegations don't involve anything material to the age

kuroda took office five years ago.3 the governor said the boj was aiming to hit 2% inflation within a couple years and he says now the bank will reposition around april of next year, when he will consider how to quit the stimulus program. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. i am yvonne man and this is bloomberg. i am sophie come rudin. investors are turning more risk on after xi jinping put up the open for business sign and we have stocks rising from tokyo to sydney. subdued.o remain we have u.s. futures bouncing higher, rising over 1%. the yen is beating a retreat with treasuries promising more reforms. korean yuan is outperforming the g-10 peers. but ubs has lowered the year and target for the asx 100. trade is aina source of volatility in the meantime. let's take a closer look. the shanghai composite are a touch off the session highs. ipex did rebound. the yuan is continuing to shrug off speculation that china is suffering the impact of yu

every pico kuroda expects normalization --

today you can see that expressed in dollar/yen as well almost up to 109 108.85 cnbc we did speak to kuroda over the weekend, he emphasized the need for more accommodative policies no doubt that is having an impact cable is down below 1.40, trading at 1.3925. again, dollar swiss is also a bit stronger it's a big data week as far as europe is concerned. ecb is coming up even now on the ifo, there's weakness of data the piqmi numbers are slowing down it looks like in germany the situation is no different for the time being >> we're hearing from german corporates about german headwinds. we're seeing that on firms like s.a.p. bill mcdermott talking about that this morning. something to watch when you talk about some of these corporate stories, to see what that dollar strength is having on some of these numbers. >> speaking of ifo, the president of the ifo institute joins us now on the line before we get into the data. can you talk about the changes in methodology for this month. you announced this new change and how it will be calculated. can you walk us through what the changes are and why you

but then again people are looking for clues that perhaps kuroda may be thinking about changing some oft yield targeting policy before we move on, let us look quickly at stocks. let's see how the picture in the u.s. will look the dow is now seen opening up about 100 points lower s&p 500 about 10 points lower. it will be a big earnings day. we have facebook we were talking about metrics to watch out for there. we have twitter coming up. then all of the back drop of the yields as well in europe, let's take a final look at some of the big gains and losers on the session today. at the top, kering, boosted by some restructuring going on in gucci. that's up 6% sd micro up more than 5% there that's actually stemming the tide of some under-performance of chipmakers in the last few sessions there the concern was about slowing sales in iphones and apple iphone x to the down side we have some banks as well and some of the german names >> credit suisse performing well, up more than 4% on the back of those results. we brought you that interview with tidjane thiam today talking about how his restruct

but i think, ultimately, even if would beto lead, it difficult for the bank of japan and kuroda to alltop their monetary policy, because credibility is one of the most important assets for a central bank. i still expect the sort of equity story to be valid. the whole corporate governance, giving cap spectrum investors, the whole by backstory you are seeing with japanese equities to still be relevant, particularly when you think about the cheapness of japanese equities relative to the u.s., for example. guy: ok. we will leave it. , thank you for coming to see us on the market open. ofou agbo-bloua, global head strategy and solutions. we are not quite done with him yet. he will join matt and i on london dab digital radio. we will carry on the conversation. let's talk about some of the stocks we are watching this morning. hello fresh selling its holdings in this business. the mid-cap movers, next. this is bloomberg. ♪ guy: good morning. 40 minutes into the session, welcome back to what are we looking at? european equities at the headline level. it is interesting names we should be focusin

optimistic, though, that you're going to get growth i mean, even in sara's exclusivenered view with kuroda, the optimism is emanating from all different corners. >> it's there, and there's two pieces of optimism one is that the first quarter number we're seeing on gdp is low, it's 2% a lot of people expecting a bounce-back in the second quarter. and the optimism continues into this year and to next. but the question becomes next year, and that may be another part of why yields are up but not quite as much as they could be on the long end inpart because there's expectations what you have here in the tax cut, some think, is more of a sugar high than a fundamental change to the economy. >> yeah, steve, stick with me. let's bring in another voice, rick is blackrock's global head of fundamental fixed income strategy thanks for being here again. >> no problem. thanks >> it's a good day to hear from you. what are you thinking about? >> so the move in rates, i think the discussion was unbelievably good the concept that the dollar is a big deal, people aren't talking about what steve said around th

kurodar kuroda of -- said it will depend on conditions at that time.mid inflation is far the 2% target and he will continue with stimulus until that goal is reached. san francisco fed president john williams is moving to new york. he is putting up my terry economist in jerome powell's inner circle to help oversee wall street. williams spent most of his career at the fed and is considered a centrist. he will replace william dudley on june 18. he favors three or four rate hikes this year. tesla surged after releasing model three production figures, saying it will not need to raise more money. output is of 2 -- the lower than expected, but better than feared. billion, and expected to burn through another $2.5 billion this year. saidorld biggest ad agency it will have independent counsel to investigate personal misconduct against a ceo. an inquiry is under way against -- when they reported possible misuse of assets. said allegations do not involve anything material to the agency. global news 24 hours a day, powered by more than 2700 journalists and analyst

it was in line with expectations, well below the 2% target bank of japan governor kuroda has put in placei 225 going into lunch, 0.25% up. this is bloomberg. ♪ >> i am yvonne man with the first word headlines. madese telecom company zte the first official response after being banned from u.s. tech. is unfair andling unacceptable and will severely jeopardize the company. also says the seven-year ban will not only in danger its very survival, but hurt partners, including companies in the u.s. they said they would safeguard their interest by all available means. mishap to another, a payment went wrong last month. $35 billion sent to an exchange as part of a daily derivatives dealing. error happened, it was quickly spotted, and no financial harm and sued. the world bank is echoing positive comments from the imf, saying they are showing solid momentum. both institutions a growth should continue at least two years, although there may be a downturn on the horizon. they say china will continue to be a key partner and driver. the challenge now is to ensure strong growth will translate into inclusi

kuroda expects to make some kind of decision over the next five years. is bloomberg markets: asia." rishaad: donald trump pesek lawyer has sent the equities into a tailspin. awry in the last few minutes of trading. what does the asia-pacific hold in store. >> this is any can of recovery we have had over the last few months. is excitedi jinping to come out in the next 15 minutes. he is looking for any hint of retaliation on trade. we are seeing this kind of reluctance to hold onto gains in asia. >> the overall lay of the land. the futures are easing up somewhat. asian equities are under pressure. korean stocks down 0.9%. bycks in malaysia are off 0.2% ahead of the election commission announcing the polling data. over in taiwan, stocks are off by 0.1%. we did get some data. taiwan will also be wasting inflation data later this afternoon. march sales of this tuesday. in singapore, the sti is lower by one third of a percent. by retailbe preceded data and first quarter gdp numbers. goldman says that the strong underperformance in philippine stocks over the past six months is the main rea

today is the mark of governor kuroda's second term.ith the current account balance, do this monday followed by machine orders and prices thiss -- month. when it comes to the nikkei 225, we are looking at over 1% at the open. the kospi also facing a weaker start, but geopolitics are less of a point confirming kim jong-un has discussing -- will discuss denuclearization. malcolm turnbull has marked and uncomfortable milestone after losing a 30th straight news poll opinion survey. miners at sydney could come under pressure as commodity markets got hit again with trump's call for more tariffs on china. betty: also on the trade front, south korea could up the ante against the u.s. sophie: according to wto filings , south korea may slap $482 million in tariffs on u.s. goods in response to trump's terrace -- tariffs on washing machines. this could go into effect in 2021 and 2022 or following a wto ruling that could find u.s. measures to be illegal. south korea could not specialize which products it would target. in south markets korea, looking

no policy change expected but we will be watching governor kuroda's press conference.ad on wall street, another round of earnings including major tech companies which faith tough times. u.s. investors will focus on numbers from manufacturing giants like boeing, lockheed martin, ubs and credit suisse, and big oil companies from exxon just are -- exxon to chevron. take it away. su: we are getting into the peak earnings here. we had the first two weeks of earnings, the market was rocky but we saw stocks post higher. it is expected it will be that kind of impetus this week. let's go into the bloomberg. caterpillar is an area of focus. we have caterpillar sales by region. you can find is that gtv. the purple and latin america has come down. white is asia-pacific and yellow is north america. the expectation is first quarter results should again beat the consensus which is about $2.08 a the end growth across all sectors should be fairly strong. many years of cost cuts have been aiding margin gains as volumes rebound. margin regain, tariff potential impact and tax are all area

the general fluctuating ahead of remarks made by the bank of japan governor paralegal kuroda at the startsecond term. trade tensions overshadowing the latest u.s. jobs report, which is a bit of a mixed bag. it did mess the unemployment rate, which held at levels not seen since 2000. 4.1%. he motioned for the previous month tightening some of the investment community as well. market open. sophie: china back online after a two-day break. the yuan on track to halt a five-day drop below 6:31. -- 6.31. responding to the forex fluctuations while on chair markets were closed last week. take a look at what is happening to shares on the mainland. the shanghai competent down -- composite down. we do have shares in hong kong, gaining ground, up .7%. higher byeng discretionary telco in financial stocks, so it is a mixed bag when it comes to markets ahead of season beings forum -- xi jinping's forum. china's property tycoon is betting gambling will come to the island. as you know players have spent big. let's pull up the board to check in on macau gambling operators, especially after that long weekend

. >> that was the bank of japan governor kuroda.hought that was interesting he said i don't understand why japan is safe haven during times of turmoil, why people pile into the yen. look, it shows they don't have a lack of confidence we were talking about rising debt levels. he said -- >> people piling in debt at the level it is in japan, that's a good thing for them. >> clearly not a near-term risk. in a previous question as it relates to the currency, if anything, the yen might be too strong i said is he worried about president trump tweeting at japan because trump likes to call out currency manipulators and people who devalue he said we're not trying to devalue our currency, which they are doing monetary stimulus which does that. it's not every day i get to talk about the yen with the head of the bank of japan. >> that's pretty cool. >> coming up bond king joins us from the conference. best idea short facebook, long energy stocks. you won't want to miss this. cnbc draft order being announced, happening live in 10 minutes. who wil

2018 andfour times in the ecb will be slow in terms of removing policy accommodation and governor kuroda tom: is it an ambiguous dollar? vincent: yes. tom: you have to mix that in investment. a systolic good or bad for u.s. multinationals? gabriela: we sure the view that we believe in a weaker dollar, notwithstanding the next few weeks. to us, that means a good opportunity for international investment. you will get a boost from the currency there. and number two, yes, we are u.s. multinationals. we are tying them from earnings this week from technology companies, where a lot of revenues come from abroad, that should be a nice boost from the dollar component. francine: when you look at your investments and earnings, how much is a means and how much is it concerns over trade, therefore, on for costs that chief executives have? gabriela: this year, our view on growth has not changed. we still see a good global environment and accelerating u.s. economy. as a result, earnings should be solid around the world. what has changed is worth the risk. last year, we talked about risk to the upside. t

with industrial and job data out ahead of the boj meeting on friday, with no change expected from kurodane-month high, as treasury yields eye 3% for the first time since 2014. the mizuno securities chief of dollar-young i -- dollar-yen is testing. as we count down to the two koreas meeting, the korean won has been range bound, but the expectation is for a run to 1050 on positive expectations for the meeting on friday. korean debt risk continues to fall against this backdrop. if we see a run to the 39 level, that perhaps could help the won break into a stronger range. check out this chart on the gtb library, of course. >> well-bid recently, a bit range bound today. is it time now to imagine unification between the two koreas? that's the top line on your bloomberg. it appears the leaders of north and south korea may get a jump on their historic summit later this week by possibly speaking each other over a reconnected hotline. stephen engle is here with the latest. >> unification is a long ways away. moonis the goal of the administration, the goal of kim jong-un, but who would rule that reu

"second term,oda beginsat is as kuroda his second term. will take longer to lay out the plan for unconventional stimulus. that's according to economists surveyed by bloomberg. no change to policy settings or languages expected from the governing council meeting next week. respondents pushback their estimates for when the ecb president will communicate the next step towards normalization. they still see asset purchases ending this year. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. i'm taylor riggs. this is bloomberg. mark: getting some breaking news from opec. opec and his committees will end with no new recommendations, this is not a surprise. we were not expecting anything around the news that opec has managed to balance the market with the big event taking place in june. opopec will keep the five-year average guage. they said to keep the five-year average gauge for the market assessment. they will propose to host and opec meeting in september. we have already got a meet