they are, prime minister suga in his press - prime minister suga in his press conference an hour agoympic committee for many months now. i have to say, going against the opinion of many medical experts, who say that the olympics is a threat to public health, notjust here injapan, but potentially around the world. this extension of the state of emergency is very much about the olympics and about the new strains of the virus that we are now getting here in japan from the uk and also the indian variant that is now causing trouble in britain. the state of emergency, the current one has caused the rate of to drop from about 7,000 a day back a couple of weeks ago to 4,000 a day, but that is not nearly enough and officials here say if they lift the state of emergency now, this virus is going to come roaring back and we will have another huge surge, putting further strain on hospitals right at the time when the olympics is due to open at the end ofjuly, so that is why they are keeping this in place, hoping that another three weeks will bring the infection rate down low enough that they feel

that's right and there are reports yoshihide suga is considering extending the state of emergency and cases who said it is to premature to lift the restrictions. critics have always said that two weeks was too short anyway and they argued it must�*ve been so short because of the ioc president �*s visit. 0thers argued the state of emergency forced business as to shut while it is not really effective in controlling the pandemic and that is because the japanese constitution does not allow the government to have the power to impose strict lockdowns with penalties, for example. during the last state of emergency, people stayed at home but now people are out and about and it has not brought down the number of new cases and you can really censor the frustration among the japanese public how the vaccine rollout has been very slow and not efficient. 0nly has been very slow and not efficient. only i% has received the jab so far and even some medical workers have not received it while the government keeps asking people and businesses to make sacrifices to stop the spread of the virus. all the wh

a similar statement issued after suga met with u.s. president biden. is calling a visit by indian police to its offices a form of mediation. twitter has clashed with the indian government on several fronts, most recently marking posts about the opposition as twitter says it is concerned about recent government actions, including new i.t. rules and regulations that they say limit public expression. global news, 24 hours a day, on air and on bloomberg quicktake, powered by over 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. ♪ sheri: the reserve bank of new zealand took a big step at this week's meeting even as it changed none of its policy settings. it joined canada in flagging a potential rise in its key policy rate year as the economy recovers from the pandemic. kathleen hays is standing by with a very special guest. kathleen: yes i am. adrian orr, governor of the reserve bank of new zealand joins us. it is great to have you back to talk about policy and what is going on. thank you for joining us? adrian

while that has been in dispute in fact prime minister earlier suga has said that the final say is with the international olympic committee but this these statements have been widely disbelieved and and even mocked by the opposition parties you know this is japan that a sovereign nation to have to follow the orders of the international olympic committee they had a question that and i think that you know the real answer obviously is the state have the final say you know if prime minister suga said ok we're not holding them there's no way that the international olympic committee can force him to do so but at the moment with all of his executive climb to make going picks. not just planes but also potentially whole. they don't know yet in fact they don't even know if fans are going to be able to attend the events this decision is still pending they're probably going to make it last minute. you know they are trying to do their best to to create a bubble around the athletes to try to you know keep them is separated from the general public as possible and they're also talking about vaccinating

there is no noise out of suga or his office that there will be any change. would be the economic hit if the games get canceled? gearoid: economists are somewhat divided on what the impact would be. bloomberg economics said that the impact could be as much as 1.7 percentage points of growth. but that's based on the idea that a cancellation would be triggered by a deterioration in the virus a situation in japan. so i think that forecast factors in the idea that assuming things stay the way that they are, the games are going to go ahead. that kind of goes back to another thing that the same member i mentioned of the ioc, dick pound, said in a separate interview also this week, where he said barring armageddon, the games were going to go ahead. shery: our senior editor with the latest on the tokyo olympics. next, capitalizing on diversity in organizations. we discussed steps leaders can take to leverage off distance. martin davidson from the university of virginia is with us. this is bloomberg. ♪ us. this is bloomberg. ♪ vonnie: this is "daybreak asia." malaysia

prime minister suga has promised a "safe and secure" games, with rigorous testing and tight restrictionsathletes. but with tens of thousands of support staff, media and sponsors, plus japanese fans set to converge on tokyo, overwhelmed physicians like dr. kentaro iwata fear the worst. what would you say that the feeling is among doctors like yourself right now? are you angry or frustrated? >> well, i sense some sort of powerlessness because i don't see any rationale or logic behind what the-- japan's government or i.o.c. is saying. regardless of the risk or danger or problems surrounding the olympic games, they would just go forward because they want money. >> reporter: japan has already invested $25 billion in the olympics, the most expensive games ever. canceling the event would cost billions more. meanwhile, japan is in a race against time to vaccinate itself. when the games start in late july, under current plans, only about a third of the country will be vaccinated, fueling fear about an olympic-sized super- spreader event. lucy craft, cbs news, tokyo. >> diaz: still ahead on the "c

well that has been in dispute in fact prime minister yoshiro suga has said that the final say it's with the international olympic committee but this these statements have been widely disbelieved and and even mocked by the opposition parties you know it is japan and proper nation to have to follow the orders of the international olympic committee they they question that and i think that you know the real answer obviously is the state have the final say you know if prime minister who has said ok we're not holding them there's no way that the international olympic committee can force them to do so but at the moment how a total truth exactly plans to make the olympic. athletes but also potentially. they don't know yet in fact they don't even know if fans are going to be able to attend the events this decision is still pending they're probably going to make it last minute. you know they are trying to do their best to to create a bubble around the athletes to try to you know keep them as separated from the general public as possible and they're also talking about vaccinating most just not all

state of emergency in tokyo and other areas to curb the spread of the outbreak. prime minister shahida suga says the next 3 weeks will be crucial. he's been under increasing pressure on whether or not they are coming in and pick games should be held. children as young as 12 can now be administered, the 5, the current, a virus vaccine in europe, 5 there is already being used in the european union for those age 6 over 16. it's now war hotels. ah, ah, ah, a hotel. i think he's the most bombed hotel, said nathan. i've stated in a conflict that there is a bomb in the rope. a hotel would you believe the bomb went off? you'd always targeted by the re primarily because it was a symbol of progress fail. i regard the rope in belfast as the greatest hotel in the with we loved it when it was built and we loved it. even when it was bombed. why would you apply to work in the most bond building in europe? and the biggest box you have ever seen. ah, how does explode? it would actually take the hotel ah, the ah, belfast capital and largest city in northern ireland was torn apart by sic terry and conflict du

as you know, there's an ongoing state of emergency and prime minister suga is expected to decide on friday whether to extend 9 pretty factors including tokyo. and while recent efforts have been made to sort of bolster and quicken the vaccine roll out in japan, 2 large scale vaccine sites opened up in tokyo and soccer just 2 days ago over here in japan. whether that's going to be enough to hold the game safely, is still a big question. reassess what is the broader public mood at the moment? i mean, what are recent polls suggesting? recent calls suggests that the majority of people in japan are strongly opposed to the tokyo games. take any poll taken in the last month or 2, maybe 60 to 80 percent combined. believe the talk, your bmw cant be held safely, need to be postponed again or should be cancelled altogether. so that the older telling. yeah, and despite that public sentiment so far the japanese government and the international impact committee had resisted calls to cancel the games. are you getting a sense where you say that so much pressure is now mounting that it's just a matter of ti

on wednesday, prime minister yoshihide suga met with ministers to discuss extending the state of emergencyead. translation: if we take appropriate measures, i i think public feeling towards the olympics will change. but held in empty parks away from crowds, this torch relay may be a sign of what is to come this summer. let's bring you up—to—date on the fishing dispute at the island of jersey between french fishermen and the island authorities and the british government. there was this a rival boat flotilla of french fishing boats, arriving this morning to protest about being able to fish in the waters of the coast of jersey. now we are hearing those fishing boats from france have returned. they have leftjersey. there is no blockade, as such, the island. this is one of the royal navy vessels that britain has dispatched to the scene to make sure there is not a blockade. so the french fishing boats have returned now to france. we are also hearing just on the talks that there had been to settle this dispute a representative for the fisherman from france's normandy region saying that initial fe

so yes, there are good reasons why people wonder why prime minister suga seems so determined to go ahead. the vaccination campaign here, the roll. busy out has been a dribble, only a just over 2 percent of japanese have gotten fully vaccinated. suddenly they're going to be bringing in 628-0000 visitors from all over the world for the olympics . are good reasons, people believe this could potentially be a super spreader event. perhaps there is some misguided pride there. i think that the also, they want to hold the sort of global coming out party for the end of the pandemic. but a lot of people here are worried that the declaring mission accomplished a little bit too soon. i think more importantly is money. they spend about 28000000000 preparing for the olympics. nbc is pay 3000000000 to the iowa c 4 television rights. and so money is driving this decision and this seems inconsistent with the olympic spirit. now, the voting has begun in syria and a presidential election, which will extend sharla grip on power. just voted in fact and face a few rivals such expected to win his 4th term desp

so yes, there are good reasons why people wonder why prime minister suga seems so determined to go ahead. tell me about until i view, as indeed about, aside from the newspaper, how much influences at home. oh, it's huge. it's like the new york times of japan or the guardian, you know, is highly respected generally on the liberal side of the spectrum. but the saw, he has a stake it all this and they just called out the authorities and said it doesn't make sense. you know, we're, you know, the vaccination campaign here, the roll out has been a dribble. only a, just over 2 percent of japanese have gotten fully vaccinated. this compares to like 40 percent in the u. s. 34 percent the u. k. so really depends a laggard on vaccinations and suddenly they're going to be bringing in 628-0000 visitors from all over the world for the olympics. you know, are good reasons. people believe this could potentially be a super spreader event. starting to wonder if there's some sort of misguided and that's my word misguided pride going on here. the fact that the games were cancelled last year that they would

and the token medical practitioners association, as written to prime minister shahita suga urging the government to convince the i o . c. to cool off the games 3 months into its vaccination program. fewer than 4 percent of a 125000000 people in japan have received at least one shot. that's the lowest rate among wealthy countries feel. if there is a plan to secure 30 medical facilities, that should be 1st allocated to the public. the olympic athletes and the citizens of japan about human beings. so i think they should be treated equally. i don't think it's necessary to secure hospitals, specifically for the olympic athletes. a form resilient health minister has denied the president jaya both narrow, interfered, and his work because he grappled with a major corona virus. outbreak and water window appeared before senators. on wednesday, he was in charge of the health ministry for 10 months, during which period the number of deaths sword analissa as well as testimony appeared to shield the president from any blame of the government's response to the crisis. the european union of easing tr

while the tokyo medical practitioners association has written to the prime minister, yes, shahita suga urging the government to convince the i o. c. to call off the games 3 months into its vaccination program. fewer than 4 percent of 125000000 people in japan have received at least one shot, not the lowest rate among wealthy countries. if there is a plan to secure 30 medical facilities, that should be 1st allocated to the public, the olympic athletes and the citizens of japan, a both human beings. so i think they should be treated equally. i don't think it's necessary to secure hospitals specifically for the olympic athletes. went down onto it the sports right after the japan times and has more now on the public move. this for the way that we are currently experiencing has led to 9 and potentially 10 prefecture as falling under a state of emergency guidelines. we're going back to the stricter limits on restaurants, on department stores, small sporting events, musical then theaters. so the public is very wary. the public is, is that he, by the restrictions that we've had to live through

extended coronavirus state of emergency and japan till the end of may, the prime minister of japan, suga is considering expanding it in seven other regions. weighing against the u.s. proposal to waive patent protection for the covenant vaccine. the german government says the u.s. plan would bring severe publications to the production of shots. the incentive will be spending, slower vaccines in the future though. it would be part of the 106 member wto. the european commission is extending the vaccination campaign, -- they keep vaccine production for themselves but the eu is the main exporter i vaccines worldwide. european union suffered initial setbacks because of supply issues but vaccination has picked up pace in recent weeks. that is a look from those first word headlines. >> a health check on china's economy, any time in the next hour. helen joins us this hour. plus how rice is causing a global food crisis even though prices of other stocks are soaring, cultural commodities next. keep it here with us. this is bloomberg. ♪ >> skyrocketing stock prices fueling feels about soaring food c

while that has been in dispute fact prime minister earlier you know suga has said that the final say is with the international olympic committee but this these statements have been widely disbelieved and and even mocked by the opposition parties you know this is japan and a sovereign nation to have to follow the orders of the international olympic committee they had a question that and i think that you know the real answer obviously is the state has the final say you know if prime minister asuka said ok we're not holding them there's no way that the international olympic committee could force him to do so but at the moment his executive plan to make that impacts. not just planes but also potentially. they don't know yet in fact they don't even know if fans are going to be able to attend the event this decision is still pending they're probably going to make it last minute. you know they are trying to do their best to to create a bubble around the athletes to try to you know keep them as separated from the general public as possible and they're also talking about vaccinating most just

. >>> japanese prime minister suga is speaking out about the olympics amid growing opposition withinountry to the games going ahead. he insists that protecting the publics' health during the coronavirus pandemic has always been his priority and that any final decision on the olympics is up to the international olympic committee and not him. the prime minister's remarks come as tokyo is currently under an extended state of emergency due to a spike in covid cases. >>> and, finally, this hour we've been following two whales stranded far from home. a small whale that was stuck for hours in the river tens in london is now free. earlier monday rescuers were able to get the whale back in the main river using inflatable stretchers. and biologists are tracking a gray whale thousands of miles off course in the mediterranean sea. wally the whale, as he's been called, should be enjoying the warm waters of the pacific ocean. instead biologists think he took a wrong turn in the arctic day to warm waters melting to the northern route too early. scientists said if he doesn't find wait home soon, he

japanese prime minister yoshihide suga is extending a state of emergency for tokyo and other major citiescovid infections ahead of the summer olympics. many are worried the global sports spectacle could turn into a super-spreader event. japan has one of the slowest vaccination programs in the developed world. boeing has halted deliveries of its 787 dreamliner again as the plane maker works with regulators to resolve quality issues. the company is working with the federal aviation administration, and says it has no impact on the fleet already in service. as we begin memorial day weekend, gas prices in the united states are at their highest level in seven years, but experts don't expect to see prices at the pumps to keep your motorists off the road. there is pent-up demand for travel. aaa estimates 37 million people will be on the move this weekend, up 60% from last year. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> the fed emphasized that it would mai

prime minister yoshihide suga has been determined to press ahead with the games.ls show most in japan want them canceled or delayed. imports jumped on surging commodity prices. exports grew 30% in dollar terms from your ago, and imports were up 43%. shares of adidas are rising. the german sports shoe company raised its sales forecast due to a rebounding china and online sales. it predict second go to revenue growth will hit 50% -- it predicts second-quarter revenue growth will hit 50%. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ pres. biden: every single thing, from the deck of an aircraft carrier to a new building, is going to be built by an american company, american workers, american supply chain, so that we invest american tax dollars in american workers. jonathan: the president of the united states. sometimes in washington, it is far more interesting looking at the similarities between the two parties than the differences. b

prefectures have been under a state of emergency since april and there is talk that prime minister sugal extend that state of emergency for an additional three weeks until june 20th, just about a month before the olympics are set to take place. >> blake essig in tokyo. appreciate it. >>> the u.s. intelligence community has been tasked with finding the origin of covid-19 over the next 90 days. now "the new york times" reports that those same intelligence officials recently informed the white house that they are sitting on data that could help pinpoint the answer but needs more robust computer analysis. continues on covid's origin are currently split. some intelligence analysts think people might have caught the virus from handling infected animals, but other agencies suspect the novel coronavirus began in a lab and got out. china angrily rejects that view and insists the virus originated and spread organically. will ripley is following developments from taiwan. with all the focus on that lab leak theory chinese officials unsurprisingly reacted with anger and accusations of their own. >>

>> you know, jake, just this past week, prime minister suga speaking to the lower house, he basicallyr games is the international olympic committee's to make, but olympic scholars i've spoken to say that's not totally true, yet based on the host city contract, the ioc has an incredible amount of control over what happens, but given the ongoing pandemic, i'm told that japan could pull the plug, but if they do, jake, the ioc could sue japan and tokyo's national government sticking them with the bill for the cancelled games. >> blake, thanks so much. let's bring in the professor of infectious diseases at vanderbilt university medical center. dr. schaster, you just heard the report on the tokyo olympics. they asked you, the international olympic committee or the government of japan, what would you advise? >> well, jake, it really does sound as though it's going to be a super spreading event, and the fact that the medical care system is already stressed, clearly the virus they're not vaccinated very many people. to bring a whole cadre of international people into that environment, the publ

well, japanese prime minister yoshihide suga is speaking out about the olympics.g opposition within the country to the games going ahead, he insists that protecting the public's health during the coronavirus pandemic has always been his priority and that any final decision on the olympics is up to the international olympic committee and not him. the prime minister's remarks come as tokyo is currently under an extended state of emergency due to a spike in covid cases. the olympics are set to begin july 23rd. well, the winning horse at the kentucky derby may have that victory disqualified after failing a drug test after the race. medina spirit tested positive for more than double the legal threshold of an anti-inflammatory corticosteroid. race officials will now test another sample before a possible appeal or taking any disciplinary action. the horse's record-setting trainer denies every treating the colt with the drug. >> it's disturbing. it's an injustice to the horse. i don't know what's going on in racing right now but there's something not right. and i don't fe

they also accuse prime minister suga of putting on the games against the will of the public.'s selina wang joins us from tokyo where the olympics are set to open in less than two months from now. good to see you. not only does 80% of the population not want the games to go ahead but now this calls to cancel the games coming from an official olympic partner of the tokyo games. how much impact could this have? >> reporter: hi, rosemary. great to be with you. that is exactly right, this is one of the most influential newspapers in japan, the second widest circulating newspaper in the country and not only is it the first major newspaper to call for a cancellation, but it's also a major olympic sponsor and the real question here is whether it leads to a domino effect of other sponsors also speaking out, calling for a cancellation of the games. one political scientist told me that he thinks this is a remarkable act that will then create the permission for others to follow in its footsteps. now, this comes on top of poll after poll as well showing that the majority in japan do not w

prime minister yoshihide suga has been determined to push ahead with the games.m canceled or delayed. british prime minister boris johnson has dealt a major blow to his chief political rival. johnson's ruling conservative party won a crushing parliamentary victory. the loss is likely to intensify pressure on labour leader keir starmer. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. alix: thanks so much. let's get to some market moves. an outlier is what is happening maybe in the copper price. we are hitting record high. glencore is calling for $15,000 copper because the easy stuff has already been made, but what it is doing in the equity markets is quite interesting. the blue line is the s&p. you can see the outperformance of the commodity index versus the s&p. i question if there is catch-up potential because the s&p is only weighted 2% towards materials, 2% to 3% towards the energy sector. you're not going to get the kind of beta t

prime minister euros higa suda has -- prime minister yoshihide suga has been determined to carry on with games. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> all of the earnings, it is hard to underwrite price volatility day-to-day, but i think the demand is going to play out for far longer than people expect as corporations and valuations continue to behave in the way they have behaved over recent months. jonathan: this is a demand shock. charles kantor of neuberger berman there. economists on wall street looking for a number of one million. here's the price action going into the job sprint. the s&p 5 -- the jobs print. the s&p 500 up nine points. euro-dollar unchanged, yields unchanged, too. big moves in the commodity market your to date. crude putting together back to back weekly gains again. down about 0.7% going into the jobs report. tom: an historic moment for this show. all we have done on economics on "bloomberg surveillance," we start this his

so yes, there are good reasons why people wonder why prime minister suga seems so determined to go ahead. the vaccination campaign here, the roll. busy out has been a dribble, only a, just over 2 percent of japanese have gotten fully vaccinated. suddenly they're going to be bringing in 628-0000 visitors from all over the world for the olympics . you know, are good reasons. people believe this could potentially be a super spreader event. perhaps there is some misguided pride there. i think that the also they want to hold the sort of global coming out party, but the ends of the panoramic. but a lot of people here are worried that the declaring mission accomplished a little bit too soon. i think more importantly is money. they spend about 28000000000 preparing for the olympics. nbc is pay 3000000000 to the i'll see for television rights. and so money is driving this decision, and this seems inconsistent with the olympic spirit. memorial services have been held across the us to mark a year since george floyd was murdered by a white police officer. 46 year olds, family and friends, attended t

prime minister suga has spoken to the administration on pulling off the games.t was interesting about going to the national stadium yesterday was when you walk in and see it is completed and you see them going through the paces of holding the actual games, it's much more obvious they are going to happen whether or not the public wants it to. haidi: it's interesting hearing from naomi osaka saying she has been mixed feelings about whether the olympics should go ahead, even though she would represent japan if they did. i wonder when it comes to the broader impact on the economy, is there much meaningful upside to get from the olympics, given the lack of spectators?even if limited spectators are allowed? reporter: yes, the spectators and other events bring in a flood of tourist money. even before the cancellation, there was a shortage of hotel rooms. now there will be empty hotel rooms, restaurants, stores and department stores that will not get their usual boost. basically this will be a television olympics. haidi: it is a first in so many ways. reed stevenson, ou

on wednesday, prime minister yoshihide suga met with ministers to discuss extending the state of emergencyblue, still with that northerly breeze. the rain continues to push away into the near continent. we'll see further showers across scotland, with the snow level rising back into the hills. some showers across northern england which could be wintry in the hills. a few showers in northern ireland. and a morning shower across wales and the midlands heading into east anglia and the south—east. temperatures are still low for early may. this evening, while we still will hang on to quite a few showers, we still have that northerly wind, but there will be a lot of clear skies and that means the temperature will fall away rapidly. once again, below freezing in some countryside areas. so a cold and frosty start to the day, but a lot of sunshine. we will start off with showers in the north and west, but through the day we will see further showers develop, particularly in eastern scotland and eastern england. temperatures up a touch. moving into the weekend, this deep area of low pressure is coming

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to china come and we have affirmed that with taiwan, and our partners, including one prime minister sugaas here for meeting with the president in washington. that is how we will continue to approach the taiwan issue going forward, in the steadiness and clarity and resolve with respect to our view that there should be no unilateral changes to the status quo. >> do you a need at the moment to do more in a concrete sense to help taiwan resist aggression from china? >> i believe we need to continue our obligations to the taiwan obligations act to provide defensive assistance to taiwan so they have the tools and capabilities they need for the self-defense perspective. i believe that we also need to elevate our concerns with other countries in the indo pacific, so that not just the united states but others are speaking out about the need for stability and cross state relations. and i believe that we need to continue to deepen our people to people ties to taiwan in terms of economics and education and the work between two fellow democracies. i mean, taiwan's performance on covid-19 is downright