kuroda was speaking to a lower house committee. >> translator: we need to be awaware the impact on the japane economy could be bigger than we expect now. >> kuroda reiterated the bank will not hesitate to takee additional easing measures if nessssary. he saidd the effect of the outbreak o on the global econom will be topop of t the agenda ae meeting of the g-20 finance ministers and central bank governors in saudi arabia over the weekend. >>> a global airline trarade grp expepects the spreadd of t the roronavirus t to be aa major bl for c carriers. it says they will likely see the first annual decline in demand since the 2008 financial crisis. the international air transport association made the projection based on cancellations of flights to and from mainland china and hong kong. it says passenger numbers are expected to fall 8.2% in the asia-pacific region, compared to last year. that would translate into a ref new loss of $28 billion for carriers in the region. almost half of that would come from chinese airlines. the association projects that the told tal loss for global revenue th

now, governort haruhiko kuroda speaking to parliament, saying that, right now, the virus impact is veryoes not believe it is needed. he is looking forward to that g20 meeting, saying he wants to talk about the virus with other countries. we will have plenty more. this is bloomberg. ♪ haidi: we have breaking news at the moment. bloomberg has learned that president trump has purchased that coveted advertising space atop youtube on election day. now, this will be in the immediate run-up to the u.s. presidential election and on election day. the homepage of youtube is now set to advertise just one candidate, and that will be president trump. you are watching him right now, speaking at a keep america great rally in colorado springs. and right now, bloomberg learning that the president has purchased that coveted add space for -- ad space for early november according to people with knowledge of the matter. be featuredt will prominently ahead of the key days ahead of the vote. haidi: let's turn to australia's wine industry, facing its toughest year in memory thanks to the effects of the bushfir

warns that the world isn't prepared for a possible kuroda by respect him. this is going to come soon potentially you've got to be shifting to a readiness rapid response thinking we'll hear from south korea a country with the highest number of coronavirus cases after china also coming up germany's highest court prepares to deliver a key ruling that could overturn a ban on assisted suicide the 23rd actively ban doctors from helping terminally ill patients to end their lines. the rio carnival gets political parade participants taking aim at brazil's far right government for its treatment of minorities and indigenous people. and by munich class chelsea and their 1st leg champions league clash find out why brits binge was sweet for the bare skin. glowing cherry market good to have you with us the world health organization says the world is not ready to fight the new coronavirus known as coated 19 as the disease continues to spread to more countries outside china the w h o's warning governments to brace for a possible pandemic. south korea remains the country wit

governorn, kuroda stands ready to do what it takes.: as we kick off in new week, we might end up seeing equities wake up to the economic pain treasuries have been signaling. annmarie hordern explains in this morning's chart that matters. annmarie: right, the treasury pain is a signal of what is going on in the stock market. look at what is going on with treasury. last week we had a weekly close that we have not seen since july of 2016. many are expecting we could breach the recor record low. there has been a rally in equities. but last week we had a dip in pmi's. plus many, due to the coronavirus, are saying it could have a bigger impact on the global economy. many are saying the s&p 500 is overextended. unless we have a wave of fiscal stimulus announcements driving a turnaround in yields, this could cross into global equity markets. manus: on marie, we will see what the best that response mechanism is. there is a prediction of a massive hit to the global economy from the coronavirus are brick. he says growth could fall to a .5%. x nov

your base case of the kuroda iris is for it to be contained. .think that the hit to chinese growth will probably on theorder of 3%-4% fall in first quarter and there will be some recovery in the second quarter as we saw with the stars . but this coronavirus seems to be going on for longer and is infecting more people. looking at the hit to growth, it will be longer and you will not be evil to regroup the negative impact on the first order. i think it will be difficult for china to honor the trade commitment by the end of the year. .3-.5 percentage points on the whole. >> how do you calculate that hit to global growth? >> it is extremely difficult. every single week, i feel like we continue to update our forecast. the main things we look at for the chinese contribution to those are the-- main things that we can use if we can see what the impact to activity is through manufacturing or indicators like that. that can help us. but we have not had any of that data come out. it will come out the next few months. i, it is all speculation but think it is

speaking at the g20 meeting in riyadh, governor kuroda said he's monitoring the outbreak on inflationlosely. the yen retreated to a 10 month low against the dollar last week figurespan's latest gdp showed the greatest contraction in 2014. australian meanwhile says the economy is proving resilient despite the effects of the coronavirus as the impact it's having on the biggest trading partner in china. speaking to bloomberg at the g20 sunday, the treasurer said the impact on the tourism and watch.on sectors will be a ban on people entering australia from mainland china has meant a big impact on education, around 100,000 students have been unable to begin university classes. >> we are really having an impact on the australian economy in terms of international tourists and students. there's also disruption to the international supply chains with a number of chinese factories remaining closed. we will continue to monitor the situation, but we do know the australian economy is resilient. reporter: to the latest on the political front in iran. hardliners won a majority in parliamentary elect