the key will be what kuroda's on said -- kuroda-san said in the press conference.unlikely to get explicit messages, but kuroda-san may reiterate his belief that actually he does not think that superlong yields are overly -- at overly elevated levels that would be of concern to the central bank. haidi: we have been talking a bit about this japanification of the global bond markets, where really, you are seeing a number of global central banks take on similar extraordinary -- if you can call extraordinary when everyone else is doing it -- monetary policy and yield catching up globally. does that have any implications for the boj's next step? izumi: yes, i think it is interesting that you mention that. when is policy unconventional when everyone is doing it? the key for the boj, there is not much they can do, right? that is something we have been talking about before the coronavirus crisis. but they are not going to take rates into deeper negative territory. in fact, i think it is a bit of a relief that the federal reserve, which is by far the most important central-b

all that it tried to steal information on the country's kuroda virus vaccine. and china says it will hit back following president charms revoking of hong kong's special trade status.

governor kuroda and his team kept policy on hold amid signs of a deeper slump in coming months. they see a slightly faster pickup in the next two years. the governor says declining consumer demand has bottomed an economic activity is starting to show an increase. to it or shares fell in late trade after some of america's most prominent business and political figures had their accounts hacked. bill gates, elon musk, warren buffett, joe biden, and others appear to send almost identical tweets about bitcoin with an address linked to an apparent scam. bloomberg and apples accounts posted similar tweets. twitter says it is aware of the security incident and is investigating. shery: we will look at how the social network is responding as shares fall after hours. accounts are three fleet blocked from tweeting. china's hot stock rally is throwing fresh challenges at the credit markets. we will discuss that next with amy. this is bloomberg. ♪ haidi: cash hungry firms in asia spiked a surge in the regional dollar bond market with -- tightening for an 11th straight week. sophie kamaruddin

expected to last until choose staff to do evacuation efforts are being have bit by fears of spreading kuroda virus israel's prime minister says stricter measures are needed to tackle a surge in covert 19 nearly a 1000 new infections are being reported every day and the government has again authorized the use of controversial sones surveillance technology to stop the spread are a false it has more from west jerusalem. and this is the time that the internal security service in his religion that has been sanctioned to. monitor people's phones this isn't some absolute you voluntarily download this is the security services monitoring where people are being who they've been associating with and then sending them a text message to tell them to quarantine it it's assessed that they need to do so now this is through out the use of this tactic it has caused some outrage from human rights groups liberty groups but it has been deemed necessary to be put in place again he writes newspaper has reported that some 30000 people received such text messages since this began again on thursday and those who have

looking there at the yen, governor kuroda is projecting more realistic economic forecast .tbank is unveiling a new program. this is adding to the repurchase .lans to help lift shares softbank down 2.3%. ♪ rishaad: it is 10:29 in beijing and hong kong. 10:29 p.m. in new york. this is bloomberg markets: asia. here are the first word headlines. the first official gauge of china's economy in the second half shows the momentum of the economic recovery continuing. pli in july joe's -- rose. dropsnmanufacturing gauge to 452. improving conditions from the previous month. the u.s. has been plunged into recession with second-quarter gdp contracting 32.9%. that is the worst result since the 1940's. the spending makes up two thirds of the economy. jobless claims have risen for a second week, rising by almost one .5 million. there are now 17 million people filing for ongoing benefits. the most since early may. democrat andthe -- republican lawmakers have the client president trump's suggestion of due claim -- delaying the election in november. president trump made the unsubstantiated cl

governor kuroda at the boj.etary policy but he is talking about other matters and says he does not see concern over zombie firms becoming serious. are you concerned globally or in a specific region about that phenomenon? about how companies that should are keptunder kept -- on life by zombie assistance -- life support by government assistance? banks directly buying some of these bonds. there is the potential that some of these companies can become zombies. that is why we think that access , --gement is very important important in picking some of these companies so you do not fall into that value trap. i think sectors that are likely to underperform in the future, for example, the energy companies, some of the luxury , we should be looking more closely into the potential of some of these zombie companies that have been put on life support. anna: we will have to look at how that plays out in different regions, capital misallocation and moral hazard being weighed against the obvious instinct to want to preserve job