ueda did it again in october.tion is that the boj is ready to act already -- our impression is that the boj is ready to act already, so that gives a slightly higher probability to the march meeting. annabelle: i am curious what you think about kazuo ueda's performance so far, given he is about nine months into his term there. do you think his communication style has changed at all? takeshi: yes, there is some uncertainty. some debate among investors about the way ueda san communicates. especially his challenging commentary last year. but i think he clearly laid out how the boj normalized policy at the january monetary policy meeting, so i think -- our impression, judging from governor ueda's press conference and also the outlook report, i think the boj is ready to act right now. paul: i want to quickly get your view on the yen as well it is looking pretty weak, at 148.13 but this week and it has been pushing up the price of imports. can you foresee the direction of the year and changing as monetary policy for japa

doan with a through ball to ueda. ueda goes down here and... jordi amat with bear hug on the japanese number nine, vai stepping in and it will be a penalty for japan, an only chance to take the lead here brought down in the box and step them the lead briefly after that textbook penalty, there is no stopping that even with the keeper going the right way, almost half an hour gone next to nothing from indonesia, it's being all japan so far, chance here. so ferdinan with a good builder play on the left, decent ball into the middle, nakayama at the near post with the clearance, japan coming back strong here, oh lovely ball over the top even better second ball and nearly second goal, what a goal it would have been as well, one touch football its finest, it's nakamura denied by the woodwork, well all japan here so far, they have a one goal lead heading into the second half, 50 second minute, japan picking up where they left off, cowing forward time and time again and it finds its way through to ayase oed, it's a really well-worked goal dolan. on the o

that is now up to 60% after ueda spoke.p, more about india stocks, why they may underperform ahead of this year's election, even as they challenge hong kong for the title of the world's fourth biggest market. we have a closer look up next. this is bloomberg. ♪ ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, anow. constant contact. helping the small stand tall. j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. yvonne: that india open just upon us. you look at how we are starting things off slig

you worked closely with governor ueda before he became governor.his leadership style? is there a need to revamp the communication strategy around the central bank? >> he has done a very good job already. one thing he has done already is -- a policy ration fund in the bank of japan. that is really important. he said [indiscernible] going to align with the inflation target. the economic focus is already there. he said the inflation target is already achieved if the forecast materializes. he says he is not confident enough. that is it. this communication style, he has -- [indiscernible] i must say one more thing. he is a two hands economist. he always mentions on the one hand, and on the other hand. at the end of the day, you cannot understand what he is saying. this is his communication style. he is thinking about, life is quite complicated. as an economic scholar, he needed to have both hands. you need to be accustomed with his communication style. he has always fought for his position. that is his communication but he is doing a very good job. that

we are going to be parsing the words of governor ueda liturgy a -- governor ueda liturgy today when his press conference begins. paul: stephen engle awaiting the boj decision. the race for the republican presidential nomination converges in new hampshire on tuesday. is a test for a former u.n. ambassador nikki haley who is looking to establish herself to as a viable alternative to former president trump. joe mathieu joins us now. how are the polls looking ahead of the primary? we have donald ahead but it is a very different set up in new hampshire to what we saw in iowa. what are we expecting to see? >> it is feeling a lot more similar at this point. things have changed quite a bit in the polls we follow in the last week following a big win for donald trump in iowa. this is supposed to be nikki haley country. there is a raft of polls that landed this morning showing her 10, 15 points behind donald. trump she was within single digits just a week ago. it has been interesting to watch the distribution of votes from of the candidates who have dropped out of the race. . yesterday was ron des

first—half stoppage time, kaito nakamura's moment of magic putting his side back in front before ayase uedae second half. three—time champions iran wasted little time against palestine, racing into a three—goal lead inside 38 minutes. overpowered but not overwhelmed, palestine struck back. tamer seyam with a goal that sparked a joyous celebrations. that happiness would be short—lived, however, as sardar azmoun pounced after the break to wrap up a 4—1 win. it was a moment of history when the uae faced hong kong. trailing 1—0 to a first half penalty, hong kong's chan siu kwan equalised and in doing so, scored the 1000th afc asian cup goal. the dragons, however, couldn't build on that milestone. zayed sultan scored just minutes later before yahya al—ghassani's late penalty saw the uae home 3—1. dan ogunshakin, bbc news. viniciusjunior scored a first—half hat—trick to give real madrid victory in the spanish super cup with a 4—1win over rivals barcelona on sunday. vinicius scored twice in the first ten minutes to put carlo ancelotti's side in control in the game, being played in saudi arabia. ro

yesterday was getting a jolt from boj governor ueda.. the market i want to focus on is in china. it is a week that has been about stimulus talk, whether the premier called for more forceful measures, or the reports that we get a market rescue package. most recently, yesterday, that rrr reduction announcement from the pboc governor. that will kick in next month. the idea is to free up liquidity for the lenders. reduce the amount of they have to hold is reserves, so they can lend to customers, buy bonds, support the chinese economy. it received mixed reviews but is helping put a floor on the chinese stock market. the csi 300 and hang seng building on gains from yesterday. after this rrr cut, we're seeing expectations ramped up of further easing. it looks like that's playing out in chinese government bonds, putting pressure on the offshore yuan but it wasn't just the rrr cut. let's look at some of the other measures we heard from chinese regulators. they will ease the way that chinese developers get access to commercial loans. it is providing financial support for chinese builders t

the bank of japan governor ueda can't quantify how much closer the sendcentral bank is to exit negativeates. ueda made the comments after the central bank maintains the ultra loose policy and the only central bank in the world with negative rates at this stage. the boj cut the inflation outlook to 2.4% for the year and the core for 1.8% for 2025. speaking to cnbc, the former boj governor said the central bank is contending with a splintered economy. >> right now, we are facing the two japans. one japan is looking for inflation coming. the other is the chunk of the economy which is mired in the mind set. you have pointed out the differences in terms of the sizes. you can point out the sectors. in that sense, the central bank's function is to stabilize the macro economy. if you think about the differences with the economy, the central bank has to be very careful. >> let's address this story in more detail with our chief fx strategist at efg. good morning, elim. what do you make of the latest comments from the bank of japan saying they are actually more confident about reaching price stabi

difference and bring the game to a draw again, but japan failed to do so, but in the minute. 85 with ueda's goal for the fourth goal and finally the match ended with a result of 42 in favor of moriyasu's students . friday, well, our next game will be against hong kong on friday the 29th . we played the first game very well and with strong steps. let's see what will happen in doha. we had some sidelines and what happened until this game ended with babak kazemi, a senior reporter of sada and sima news agency, in doh. we will talk through the internet , who are with us now, mr. kazami, hello, good time, mr. iraqi , i am also at your service, i would like to say hello, especially to the dear viewers, well, as you mentioned , the game of our country's national football team in its first match in the asian nations in the period the 18th ended with a 4-1 lead against palestine. before the game , we had many conversations with the iranian fans and spectators, the palestinian fans and spectators, and everyone. these dear ones should remind us that a football match and sports like football are 90 min

remember last week when we heard that hawkish tone from ueda? today we have the summary of opinions from that meeting and they show policymakers are continuing conversations. they are discussing the prospect of the rate lift off. we did not get any indication of a consensus, of timeline for this. but the discussion seems to be what the market is running with. we also got one policymaker talking about how conditions of a golden opportunity, so jgb futures, you see that on the yen. we are seeing it gain ground versus g10 counterparts except the u.s. dollar because it is after all fed day. let's look at what's happening in the earnings space as well. last one i promise. this is a stock and a company we've been watching very closely to get a sense of the chip sector recovery. if you look at net income, it was double what analysts expected. that is because of tax credits. what we were really watching out for was it was forecasting the hype and with memory market because that is important for the ai boom and there was very little to change investors p

we are going to get this decision within the hour followed by comments by governor ueda to try to parse his words and see if there is any indication that in his view inflation is sustainable with backed of course by wage growth. that is the key because prices have gone up, households have seen -- their household expenses go up because of inflation but they have not seen reciprocal wage increases. that's why we are going to be looking at mid march, when the annual negotiations between labor markets and companies about wages begin. if they get better than expected increases in wage negotiations than last year, perhaps april will be a more reasonable time according to economists surveyed by bloomberg for an exit of the negative policy rate. again, 45 of 50 economists we surveyed expected to at least happen by july. david: and what is the speculation? not so much on actual policy, but they could sustain changes to the actual forecast. what could happen? stephen: the nikkei reported this morning that the outlook for inflation from the boj will likely increase for fiscal year 2025. that would

ayase ueda got two of japan's goals in a 3—1 win.n their third straight game against vietnam after a chaotic ending. having taken the lead, vietnam then had to come from behind to make it 2—2 with a goal from quang hai nguyen one minute into injury time. but then in the 102nd minute aymen hussain, having missed a penalty earlier in the second half, scored the winner from the spot for a 3—2 victory. there is more on our website including more reaction from the australian open. now back to our top story. russia has accused ukraine's military of shooting down an aircraft, which it says was carrying 65 ukrainian prisoners of war on their way to be exchanged — these are the latest pictures coming from the scene. you can see the explosion behind that street sign, we understand this is close to the russian ukrainian border. we have had some response from ukrainian authorities in the last half an hour. they have not referred to this directly but talk about a increase of shelling directly in connection with an increase of military planes head

bloomberg economics sees the boj likely to stand pat with governor ueda.nwhile, the ecb holds its first monetary policy meeting on thursday. president christine lagarde told us the essential european bank is likely to cut rates later on this year. other decisions we are watching will be from canada, sri lanka and malaysia. in a few hours we are going to get china's loan prime rates. in the u.s. we be watching for data from the fed's preferred inflation measure. that is on friday as well as fourth-quarter gdp figures. let's. ring in a senior economist at moody's analytics. a lot on the docket this week but i want to start in japan or we have the important central bank meeting. no change expected at this meeting. there is a sense of inevitability we are going to see rates normalize. when do you see that happening? >> our expectation is we will see a move in april. heading into the april move, the transparency around the bank of japan's decision-making will be critical. they have had this ultra accommodative monetary policy stance for some time should now we

after the break, goals from takefusa kubo and ayase ueda ensured the four time champions japan will progressd the quarter final stage, and remarkably the eight teams that have got this far are completely different to those who did so in the last afcon two years ago. ian williams is in ivory coast for us. good to see you. this is completely bizarre situation, or does it tell us more about the growing influence and quality of those teams on the african continent?— and quality of those teams on the african continent? maybe a bit but it is strange _ african continent? maybe a bit but it is strange to _ african continent? maybe a bit but it is strange to have _ african continent? maybe a bit but it is strange to have a _ african continent? maybe a bit but it is strange to have a completelyl it is strange to have a completely different turnaround. i was in cameroon two years ago, covering the africa cup of nations, it was about mohamed salah and egypt, cellular money and set a goal, and you had cameroon and morocco, some big names in those quarterfinals this time around the highest ranks i left ou

and we will be waiting for any hints about policy with governor because what would -- governor kazuo uedaill securities as it is ramping up capabilities in japanese fixed income as it gets ready for a long-awaited shift in monetary policy. the brokerage's deputy president told us investors in japan and overseas are paying more attention to rates as the boj gets closer to tightening policy. >> i think we have been preparing for a while not just ourselves because of higher interest rates, and the boj has changed their policy on yield curve. we have seen more people interested with interest rates. we will be allocating resources. >> talk to us about the resources you are allocating. quantify that for us. >> i'm not from fixed income, so i can't -- >> give us a sense. >> i would think not just in japan, but overseas people, that our investors would be looking, and that would be increased resources because it has been a dormant market for so long. >> the stock market is also doing really well. there's a lot of enthusiasm, expectations and so on. is there a sense that daiwa can overtake nomura?