mr. kuroda -- e xistential crisis by mr. kuroda in japan. i think it's one of the main stories, not the only story, but one of the main stories driving this sentiment. uy: the market already got there and it seems to be increasingly ahead of the central bank. look at what's going on with the fed. we will talk about blackrock later on. right now.about this let me show you what's happening on the terminal. at ise are looking probably markets coming up by about .8%. likeean stocks look they're going to open a little bit softer in around 29 minutes time. hans: we've got to take a quick look at the assets out there. sentiment inisk the treasuries, down to about 1.75. on the 10-year, pound continuing to weekend. -- weaken. let's get the bloomberg business first word. bhp billiton has made a larger than expected cuts to its dividends, lowering the payout for the first time in 15 years. world's biggest mining companies seeking a protective balance sheet and credit rating. tumbledarter profits 92%. over 40% over the last 12 months. david cameron's ca

mr. kuroda and mr. draghi are finding it difficult to the base their currency.ce between the italian and german 10-year yield. the spread is the highest since july of last year. we have yields rising in the periphery. many are saying, will we have a replay of the 2012 european crisis? we will speak to our guests of that -- about that. betty: what is coming up in the london close? mark: the head of ciba will talk euro and yen. ministeran finance talks to john nichols. he expect the italian debt to decline and there will be a turnaround for the big market. and they fear that is spreading around the european banking industry. our man from bloomberg intelligence will talk about the if there is one. the cost to the economy. the battle of the charts with joe. on how to spend our bonuses these wonderful experiences. how was the super bowl? amazing. not so great for the panthers, but it was amazing for anybody who was there is a spectator. i've something for you and will bring it to you next time. mark: i'm looking forward to it. is it a cup? betty: you'll have to wait.

mr. kuroda of the bank of japan.we have more monetary policy options, we will not hesitate to add more stimulus is necessary to achieve the inflation target. in the terms of timing additional easing move will examine the economic condition and risk factors of the time and make a timely decision. tom: he is a singular voice out of yale university and the massachusetts institute of technology. he is at morgan stanley after a tenure at the fed and the monetary fund. we are glad to catch up with you. is there a threat to the policy makers from the economy. is the abe government and kuroda 's tenure at the bank at risk? robert: i think the bank of japan has shown a great deal of , desire, and a determination to do whatever it possibly can to make sure that we beat it inflation. at this point, the boj is the only game in town. we saw the economics minister having to leave office over a minor scandal. his successor has a long learning curve to go before he can put together aggressive reform policies. the bank of japan is ta

mr. kuroda came to the rescue.

mr. kuroda came to the rescue. we have started february as we started january, with concerns about china, manufacturing the official gauge fell to a three-year low. we have had six months of declines and oil, need i say? i want to show you some of the big movers today. check out nokia share bright. the big decline are in finland, down 11.4%. sinceing the most september 2012. disputefrom a samsung that fell short of analyst estimates. ,t is not the technology unit it generated 20% of the company's operating profit. betty, really quickly i want to show you the big recliner today. look at luxottica, down 5.8%. you know the company, it makes ray-ban sunglasses. i'm going to ask you a second if you have ever won a pair of ray-ban's. betty: oh yeah. resigned,chairman becoming the third luxottica chief executive to leave in 15 months. many might say that is very unlucky. down by 5.8%. they: i have to keep up cool factor and compete with you so i have one them. , is thatit revoked high pronounce it? i am a revo guy. betty:

mr. kuroda cannot get the eyyen lower. that's the message for central banking today.ine: he's certainly trying his best but it seems the tide is against governor kuroda when it comes to the yen. for more on deutsche bank, let's bring in our european finance managing editor. shares have been punished but deutsche bank seems to stand out. are there many more concerns on deutsche bank than other banks? we'll get back there in a couple of minutes because i think we are having technical issues. now, let's talk about brexit. brexit is one of the main things we have been talking on the program. we had a poll over the last couple of days. showing the 56% of the people they pulled want to leave the e.u. the italian prime minister renzi says he expects an anti-berexit deal to be reached at next week's summit. sir, thank you so much for joining us. extremely emotional. we have not really heard the campaign for or against yet. the battle lines have not come out. are you concerned we are going to the poll to quickly? if it is the summer and we have not heard the campaigns yet, tha

mr. kuroda today. reiteration that he'll do everything it takes to get to that 2% inflation mark. the market shrugging that one off. he talked about the services sector at six-month highs from the forecast. the market shrugging that off as well. oil down, so that's hitting some of the index heavy weights. but the blue chip csi shanghai composite coming off the worst levels of the day. the theme still seems to be underlying sentiment remaining fragile, and oil is at the center of the negative feedback loop out here in asia. back to you now. >> sri, thank you very much. now, where are the opportunities in markets like this? we're going to see a similar month to january, or is february going to be completely different? the ceo and cio at lig capital joins us. we're very pleased to see you. where do you see opportunities in the market at the moment? >> in listening to people on the show, it seems like everything is dire. china is going to crash, there's no growth in europe. i think this might be the year of the asset picker rather than the year of the market. don't say which market is

mr. kuroda ago to meet -- an end to a means?d he is in policy discussions, very consistent. stephen: you think this will spur inflation? what is the ultimate reaction to this? they obviously want banks to lend into the economy, but households are reluctant to spend. >> it is the aim of governor kuroda in introducing negative interest rates. it is the change he poses, the expectation among corporations and people. and households still missing the confidence of the future from their future. they are living under the circumstance of declining whatever falls, depreciating currency, sluggish economic growth, the oecd published last ink japan's economic growth 2016 will be 0.8%. we need to give them the household confidence to establish some confidence among private sector. first, we have to achieve this consolidation on a solid way. then i say we have to raise the potential growth in the japanese economy. now, maybe the estimation is 0.5%.n 0% and we have to make efforts to mobilize policy majors to aim potential closer to japan. ste

mr. kuroda and mr. abe want the yen to be. -- my question would have been -- it is having an impact on currency. it is not having an impact on the yen, but for the rest of the world there was a race to the bottom. central-bank policy is working on currencies, and that is working on the real economy, is it not? gary: absolutely. almost every country's devaluing against the dollar. you have the eurozone and the bank of japan. they are trashing their currencies, saying basically do not have strong domestic growth, so they say how can we boost economies. they will try to do it with exports and cheaper currencies. you have the other currencies, the loonie, the aussie -- and including china, we are not going to be left in the dust. we are going to devalue, too. tom: let's bring in chris verrone. the cacophony of the shilling go toics, does it all confusing economic analysis, or is there clarity in your work? think there is clarity right now. especially in the last couple of weeks. what should have been a risk-on move has not been. t

mr. kuroda one to do. brazilian real on a tear. that is our forex report today. rosenberg,david jerome schneider from pimco as well. this of the chart you are living. the redline line is cpi inflation. the white line is service sector. david rosenberg, you call for this. service sector inflation is on a tear, isn't it? just theat line is level, but if you look at the year-over-year trends, it is running close to 3%. everybody has got this deflationary mindset because you cannot really see services, right? whether it is entertainment, health care, rent -- you cannot see it. but you go to your bloomberg machine, oh, well, you can see the price of cocoa, copper, it,e, you can see it, feel touch it, and all of these commodity prices are going down, celebrity has a deflationary view. but remember, the u.s. economy is dominated by services. vonnie: but jerome, it is the fed's job to look at what to react to, right? jerome: sure, and what they will look at his job creation, wage inflation, and while the month-to-month indicators might have been flat last month, the year