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tv   Bloomberg Daybreak Asia  Bloomberg  March 21, 2024 8:00pm-9:00pm EDT

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>> this is daybreak: asia and we are counting down to asia's major market opens. a consistent take away from central banks is that inflation moving into the rearview mirror with some notable exceptions. one being the bank of japan. annabelle: the national cpi we went through pointing in the right direction showing the acceleration. that is going to keep investors comfortable with the dovish positioning after the lift up we had from the boj. if the data continues to go in this direction, maybe we will see an encore from the bank of japan later this year. annabelle: are we one and done or will there be more hikes coming from the governor? japanese assets coming online.
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the story of inflation data that we just got out and the nation wide reading, we sell gains of 2.8% on the gear. that pace picking up from 2% the month prior. that outcome will keep markets focused on whether we see the boj following with another hike. the weakness in the japanese yen trading above the 151 mark. we have been monitoring for more jawboning from japanese officials. week currency does support japanese equities. we are seeing the nikkei and the topix pushing higher. it is not just a domestic story. a lot of traders are closely trained on the fed message.
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whether we see the fed pushing ahead with rate cuts as jay powell said this week, three perhaps this year. there is something that could test that and it is the general strength and resilience we see in the u.s. economy. overnight, housing, manufacturing and labor market data showing strength showing perhaps that traders will closely be watching that given that we have green equities coming under pressure. the dollar gaining or the dollar gauge up the most in three weeks. and the korean won, a big reaction. haidi: take a look at how we are seeing australian assets trading. we see the retreat for aussie stocks. not much conviction and either direction. thanks and consumer discretionary -- banks and
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consumer discretionary showing weakness. the benchmark in australia is on track for a 1.2% gain for the week. the moves we saw in the dollar, the aussie dollar is holding steady. we saw a big jump after the robust labor market data that came through yesterday. watching crude. a push and pull behind -- between demand on the dollar. the two day drop alleviated today. geopolitical tensions in the middle east is a main theme at play for oil. we are also watching the bond space. australian debt holding steady. a little move in the 10 year yield but largely unchanged. treasuries -- we continue to see
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these expectations being set perhaps the fed will stay in its dovish positioning for longer than expected. annabelle: from the fed and back to the boj. the focus on the inflation numbers that came out in the fastest gains we have seen in the last few months. our next guest things there are more central bank hikes to come from the central bank of japan. jason lui is from bnp paribas. inflation has not truly arrived in japan just yet. jason: that is where we are out of consensus when it comes to our inflationary outlook and the policy reaction to that. we are of the view that the output gap in japan has closed. it is tighter than the estimates then what the bank of japan is thinking. when you have a wage growth surprisingly strong based on the
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wage negotiation early -- earlier, the transition mechanism will be stronger into the inflationary outlook. it is our view that starting now and every six months the bank of japan will be hiking roughly 25 basis points. we are out of consensus in terms of our view. annabelle: do you think the pace of tightening given we have seen equity investors liking a dovish boj, has that been priced in? jason: we believe the equity investor to be seeing these communications with a dovish lens. when you look across different japanese assets whether it is the fixed income, rates and equity, the rate side already seems to be pricing in more incremental rate hikes. the fx market may be getting a tug-of-war between the boj and the fed. and they on the -- on the equity side investors still have a dovish lens that they are of the
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view that it may take much longer for the boj to move. we think the equities are behind in terms of their expectation. we anticipate some catch up of trying to converge with what the rate marks -- rate markets are already telling us. annabelle: which sectors should investors be looking at in japan? jason: we have three parts. the more domestic facing side. financials of banks and insurance companies will benefit from this historic move, exiting from interest rates. we also think many people are bullish on japan. for the last few months, it has been overshadowed by a lot of the moves we saw on the overall market. between now and the summer when you start to get a lot more earnings reports especially on the fiscal year end, you tend to see more ibex in dividend announcements and in the summer you have hd yams where activist investors are making new proposals. for us in the next 2-3 months,
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this is something investors will be focused on. haidi: i want to head over to talk about china and the burst of positivity. take a look at this chart. it is from the perspective of the gauge showing opt -- showing markets being optimistic. we have seen a rally of more than 50% from the five-year low for the csi 300. is this sustainable? fundamentally, not much has changed including not getting much policy direction from the sessions. jason: that is a great question. based on our conversation with investors, we are of the view that investors are treating the rally technically but over the medium term the current policy package is not necessarily able to achieve the 5% gdp growth. in that sense initially people
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are positive on the market because of a few things. number one we have seen a lot of stabilization measures by the government especially when it comes to etf purchases. number two, that january and february numbers seem to be better than expected. it has helped people reset that expectation. from our perspective, this is still a short-term phenomenon. have a rapid reset now you are trying to reset part of that but over the medium term i think the market will still be focused on what -- on the policy package that could help the economy achieve the 5% goal. annabelle: the other market getting a lot of attention is korea. how positive are you on the valley up program we have seen? is it an optimism that you could see the market follow along some of the same narratives that we have seen take hold in japan? jason: i think we are positive
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in terms of the impact of the program because it is something that i think a lot of investors were hoping for given the korea discount. we also need to put this into perspective. if you look across the asian market, it took japan a long time to convince investors that corporate governance is here to stay, is sustainable and can generate alpha. if we look at the policies between korea and japan, it is not a 1-1. some investors are hoping for where of a push factor from the policymaker side. we will be looking for some of the more details coming from the government especially when it comes to tax incentives which is unique and it comes to the corporate governance reform in korea. annabelle: what people are missing is the governance reform we are seeing in china as well. jason: it is an interesting topic. corporate governance is well understood and japan and increasingly so in korea. because there is so much noise
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and worry and china for the last 6-12 months, i think a lot of people may have been overlooked -- may have overlooked some of the structural changes happening. for us, an interesting comment made by the head of the csrc. for the last week or so we are starting to see more follow-up. over the medium term as the companies announce more buybacks and dividends, i think investors will pay more attention. most people are still focused on growth rather than corporate governance. haidi: jason, great to have you with us. jason lui from bnp paribas. take a look at some of the moves that are watching on the back of some pretty worrisome outlook for the likes of lululemon overnight as well as nike. we are seeing some moves when it comes to asia's sportswear makers. not much of a downside we are
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seeing from the likes of fila. we are also watching some of the airlines, japan airlines rising boosting income forecast and propelling that stock higher. we are also watching some gold miners after what has been a hefty week of trading for the price of gold after the fed decision and the moves we have seen with the dollar. some minor is seeing a down day today. evolution off 1% and genesis mineral down by seven point 3% after we sell gold prices retreating from the 2000 $200 an ounce level that it hit this week. antitrust issues continue to play out. $113 billion and market cap after regulators seem to to be closing in on the antitrust issues. we are seeing some suppliers a
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little softer. but others are unmoved by the department of justice's action. coming up, we will take a closer look at apples antitrust issues in the u.s. and regulators tightening in on the tech giant. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding...
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>> we alleged that apple has employed a strategy that relies on lucian mary anticompetitive conduct hurting both consumers and developers. for consumers, that has meant fewer choices, higher prices and fees, lower quality iphones, apps and accessories and less innovation from apple and its competitors. annabelle: u.s. attorney general merrick garland on the justice department's antitrust case against apple. apple trades are trading, downside about 4%. some pretty major numbers wiped off in market value in reaction to this but also it is facing
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allegations and investigations in the european market as well. we saw that the client. we are seeing some of that pass through when it comes to the supplier is trading in as well. annabelle: the firm is facing investigations in europe. a big focus here on apple and big tech generally. let's bring in our executive editor for asia technology. this is something we have been reporting on over the course of the week, the doj lawsuit. there has been a lot of focus and attention paid to the narrative that the doj is creating versus apple. peter: that is right. what we got today is the formal announcement from the justice department and 16 attorneys general that they are suing apple accusing the company of violating antitrust laws because of how they prevent access to the hardware and software features on their phone.
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this has been in the works for many years as you referenced. probably got the most attention when epic games, the parent company of fortnite filed its own lawsuit and laid out a bunch of complaints about how other companies work with apple. a lot of that has to do with the amount of fees apple charges in the app store and also it is blocking additional services like messaging between devices that are not apple devices. the eu is also looking into apple. there are growing regulatory concerns about what apple's business model will look like going forward. haidi: we have a great story on the bloomberg in terms of the biggest problems and issues and headaches facing apple at the moment. a lot is challenging the supremacy of this brand and company. peter: apple had been the most
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valuable company in the world for a long time. recently it has been underperforming falling back from the number one slot conceding that to microsoft which has a lot of momentum from ai in particular. apple is still a very valuable and profitable company in terms of cash. it does phase strategic challenges. the lawsuits are a key part of the challenges. in the old days, mobile phone companies were actually replaced regularly. motorola dominated the industry and nokia replace them and there was a lot of competition. what apple did to insulate itself against competition is build up an ecosystem of apps so that once you are in that ecosystem, consumers are reluctant to leave creating profit opportunities. they are having problems in china. china had been there
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second-biggest market after the u.s. now the local competitor is coming on strong and growing more quickly then apple and apples revenue declined to 5% in the first six weeks of the year which is a sign of trouble in a market that is important from a demand and supply standpoint. all the iphones are made in china. some are beginning to migrate though to india. annabelle: on that china point, we have seen apple doubling down on its commitment to china with the new store as well. peter: right. we are having this conversation just as tim is visiting china. the company opened its eighth store in shanghai last night where tim cook made an appearance with a bunch of apple employees and they had a big celebration. tim cook said doing interviews with local media including the
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global times which is a state backed media organization like many of them are within china, and he said there is no supplying -- supply chain more important apple than china pledging with china that they make their vast majority of their iphones and other products within china. tim cook designed that when steve jobs was running the company. the reach china has -- the reach apple has in china is very deep. haidi: staying on china, bmw is forecasting slower growth there as the sluggish economy and an ev price war way on the industry. there was a miss on cash flow. the ceo tells bloomberg its top and electric cars could drive profit this year. >> bmw has a strong market momentum and we are not afraid.
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we take every competitor serious . bmw is also a very strong competitor. we believe in the strength of our products. in january and february we have very strong growth especially here in the eu. the european union is currently our strongest region. in january and february, almost 17 percent. we are not afraid of competition. and no one should underestimate bmw as a competitor. >> talking about the chinese market and competition they, how are sales shaping up there? how will that play into your mix? we have talked about the chinese recovery but it has not happened. how much growth do you expect in china this year? >> when you look at china, we have super strong growth in the last decade. we see slower growth now.
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our total market share worldwide is 2.9 percent. if you look at china, our market share is 6.9%. china is strong for us. what we see in china in 2024, we will see a slight growth also in china. we are not going away from growth. we see tough price competition and we will not go into any serious price wars. we would rather retreat their. on the other hand with the new five series and the i-5 on the market, i think we have a very strong offering for the market over there. and we remain to be a strong player. annabelle: the bmw ceo speaking with bloomberg's oliver krupp. more to come on "daybreak: asia.
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" this is bloomberg. ♪ arahhh ahhh
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haidi: micron has posted its biggest gain in more than 12 years after a surprisingly strong sales forecast. the ceo exclusively told us that the semiconductor industry is looking at a multiple -- multi-opportunity enabled by ai. >> our company is driven by demand related to ai with tight supply and demand that is strong across most of our markets particularly data centered driven demand. micron has a strong portfolio of products. we are excited of our latest offering. we have just begun shipments of this. and we see strong growth in the
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seven quarters ahead of us. supply is tight. the leading edge products are in tight supply. every look ahead at 2020 four, our year of recovery, we see increasing prices driven by the demand supply fundamentals. look at 2025, we see it will be a record year for mike rounds revenue. significantly -- micron's revenue. >> you sold out on 2024. let's dig in on the high-bandwidth memory. and video calling it a technology miracle. will prices remain elevated? >> first of all, our hbm product has sold out for calendar year
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2024 and the vast majority of supply for 2025 is allocated as well. this is a critical product and it is in the early stages. and it is a key enabler for what ai platforms are able to do. the latest black while platform announced has 64 memory and itch. a tremendous amount of silica and. hbm is growing fast and expected to be about 15% of the industry revenue over the course of the next seven years compared to being half of it last year. haidi: take a look at how we are setting up when it comes to the final trading session of the week for europe. following the mixed start to
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trade in asia, there is optimism around the fed, seeing a big rally as the bank of england took another incremental step towards reducing rates. we saw quite a bit of upside so more profit-taking today. stoxx 50 futures, .2 -- .25%. we had a surge of almost 2%, the most since september. coming up next we take a look at what is coming ahead for trade relations between china and australia. the chinese foreign minister visited
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>> i think what we will not have
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is an immaculate landing. we are unlikely to get a perfect 2% inflation and no weakness whatsoever and rates going back to levels that we have seen before. the supply constraints that we have talked about in the last couple years are still going to be there. the challenge is, how do we get out of a higher for longer environment with relatively sticky inflation which will lead to a situation where unlike in the past where central banks had a permanent bias to ease, they may have a long-term permanent bias to tighten. an answer to this dilemma would be a boost in productivity. that to me is the big longer-term question -- do we get a boost in productivity coming from ai or something else that gets us out of this constrained environment of relatively low growth, high
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rates and sticky inflation? annabelle: got was the black rock vice-chairman speaking exclusively with bloomberg about the global economy and that is the focus for the session given the flurry of central bank decisions this week. and the broad consensus or take away is that inflation is coming into the rearview mirror for major central banks around the world. we do see equities continuing to push higher. it tracks the moves we had on wall street where we saw a 20th straight gain for the s&p 500. fresh record highs. haidi: we are watching australian assets. not a great deal of conviction. we are seeing weakness around consumer discretionary and energy. real estate up 1% on the lacks great concerns. we are seeing the financial
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stability report from the rba. from the samuel -- from the semiannual report we are getting news that households are stronger and they expect that rates will rise further but remained relatively low and banks are well prepared to handle and expected increase in loan losses. the rba trying to assess the view of elevated inflation and high borrowing cost squeezing households and some businesses. the geopolitical risk is the overlay. this week was a big one for australia and china relations. the chinese foreign minister says beijing is willing to deepen its ties and restore its dialogue with australia. he had his first visit to australia in seven years. ahead of that visit beijing announced it was considering lifting trade tariffs on australian wine.
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with us is geoff raby, chairman at business advisory firm. he was previously australia's ambassador to china. to say that the relationship fraid could be a bit of an understatement. if you look at the outcomes from the visit this week, was it more or less what you expected? geoff: good morning. it very much was as foreshadowed. movement on the trade issues and in advance of the ministry of commerce advised they would be removing the unity measures imposed in 2020 and they would be removed this month. the customs clearance process we hoped will go on unimpeded and in that case they will be entering a season of zero tariffs. before he came we also removed
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another case we had against chinese wind turbines which had been wrinkling in the relationship. overall, i think the positive messaging was flagged on both sides ahead of the meeting. haidi: does this mean stabilization in the true sense of the word? the foreign minister has spoken to that. there are the usual mentions and warnings of not wanting third parties to have any influence in this. geoff: stabilization is the word the foreign -- the trade minister uses. chinese do not use that word. when you look at this visit, in every respect to me it was business as usual. the relationship is back to where a normal relationship should be. there will be differences. each side will have different
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perspectives about issues that they disagree on. but essentially it is a normal relationship now. the biggest outcome of the visit is what points to that and that is it was announced that the premier will be visiting australia in june. that means we are back finally to the annual high level leaders meetings. this will be a reciprocal visit for the australia prime minister's visit to china late last year. whatever word you want to put on it, it is business as usual pretty much now. haidi: one thing that almost overshadowed the official agenda was the former prime minister. on one hand it is not unusual for a former leader to be meeting old friends in this sense but what did you make of that and how problematic is that when it comes to driving home
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the cohesive strategy and the chinese policy of the current government? geoff: i see it as a storm in a teacup. it is quite normal as you say for chinese senior visitors to call on former senior australian officials and vice a versa. what made it more problematic is the former prime minister came out with some criticism of some of the language that the foreign minister had used about the relationship. he thought it was harder and more if you like pro u.s. then what it needed to be. this is a consistent theme from the former prime minister that we need to find a more independent path in our foreign ministry. annabelle: when you read local media how china's reporting on this, they are saying that australia needs to uphold its strategic on hot -- strategic
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autonomy and not let the u.s. dictate. given the continuing partnership between the u.s., its allies including australia, how fragile is this relationship between beijing and canberra still even as you say it is back to business as usual? geoff: we have been for a long time caught up between a geopolitical contest between the united states and china. it has become more pronounced for sure in the last few years. they have made it very clear where australia stands. china can have no doubt that we see our security very much in line with the u.s. and that is not going to change. i think the important thing about the visits, both the recent one and the upcoming
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visit of the chinese premier, is it will identify and focus on the vast area of issues we have in common. where things have changed a lot in the bilateral relationship is that the current australian government is not defining the relationship in terms of the things that divide us but is taking a more positive view about where our interest lie and how we can jointly advance each other's interests. annabelle: i guess the focus more on the commercial interest between the countries. do you see that being expanded upon especially as we approach the end --as we focus on promoting growth? geoff: yes. we have huge bilateral interests together and things like asymmetrical security issues, people smuggling, money laundering, drugs, terrorism.
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there is a vast agenda -- climate change, pandemics that china and australia share. we need to maintain a high level of open dialogue between australia and china around all of these issues to advance our own interests. haidi: what is really key is australia's greater security ally which remains the united states. what role does australia play between washington and beijing? there were some inflammatory remarks made by donald trump about kevin rudd, the ambassador for australia to the u.s. i wonder if some of these things have been viewed by the foreign government of the day. how difficult does that make his job or the role of any ambassador? geoff: currently, donald trump is just the nominate and not the president.
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that is the situation until november or indeed until january of next year. let's see how it all goes. i have known kevin over the years and i think the current republican nominee -- i think kevin would wear that as a badge of honor. haidi: always great to have you with us, geoff raby, the former australian ambassador to china. much more to come on "daybreak: asia." this is bloomberg. ♪
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annabelle: the latest corporate stories we are following. reddit shares rose 40%. a social -- the social media platform has a deal with google. the coo says she expects the platforms data licensing business to continue to grow. >> the corpus of data is valuable and it will be more valuable because more content will be generated. original, human thoughts and ideas increase in value. we think about it as a new car comes out, who is going to review it? a real-life family of six can tell you what it is like to
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drive that car. that will always be valuable. whether it shows up in data licensing or the products we build, it is valuable. haidi: a disappointing sales forecast. nike expects revenue to be down below single digits. it expects sales and earnings to grow for the full year minus the impact of restructuring. it is shifting to improve performance across different categories. insurance falling. a slumping stock market [inaudible] 11 -- [inaudible] annabelle: annual profits fell last year. the firm reported $17 billion in
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net income for 2023 versus $19 billion a year earlier. it is more affected by oil price changes than its sister firms. chinese online shopping platform is said to deliver its fourth-quarter earnings later today. investors will be looking for clues as to whether the company will join tencent, alibaba in returning cash to shareholders in the form of dividends or buybacks. bloomberg intelligence joins us for a preview. a crucial holiday period. tell us what we are expecting. >> looking into meituan. we are looking to see if the company expands its share buyback program. one billion is not huge in the scheme of things have been what we have seen coming through from
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the china tech companies. the question is, will they start to distribute dividends given what the rest of the e-commerce companies have done so far. haidi: what about the outlook in terms of what that tells us about how the strength of the consumer or the household in china given the structural nature of the slow down? how is it feeding through to the bottom line? >> definitely we are on the lookout for what comes through and the impact on ticket sizes when it comes to food deliveries as well as whether the company was able to achieve benefit from the uptick in travel demand. domestic tourism in particular over the lunar new year holidays. that is a trend we expect to continue through 2024.
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the question is can it stand up to the rivalry from another company which is also going into the local services businesses. you are looking at it offering more user perks, throwing in more coupons to try to capture growing travel demand as well as making deliveries within china in various cities. that is what potentially could hurt meituan's margins in 2024. we will probably see signs of that in the fourth quarter. we will see if it continues this year. annabelle: that was bloomberg intelligence, our senior analyst. taking a look at how japanese assets are faring today because we are watching the japanese yen closely. above the 151 mark. inflation rising at the fastest
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pace in four months. the core readings up to .8% on the year, and acceleration of 2% from the reading prior. focused on what that means for the boj and whether we will see another hike but for now we see the pressure on the gap between the u.s. and japan in focus leading to the weakness. we are getting headlines that are dropping for the finance minister suit who has been speaking in tokyo saying he is not going to comment on the fx level, that is determined by the market but he is watching the moves with a high sense of urgency. we have heard tsuzuki talking this week. the boj's move to scrap the world's last negative rate signals confidence the country is leaving behind years of economic stagnation. our correspondent looks back at japan's money experiment.
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>> imagine a place where everything money related is frozen in time. for almost three decades. your salary does not budge. the price of your bowl does not change and the interest rate on your home mortgages closer to zero. that was the reality in japan. we were used to the price of everything staying the same. >> when you compare us to other countries, it is like we have been left behind. >> it was not always like this. at one point the economy was growing so fast it looked like it was about to overtake the u.s. as the world's biggest. and then the bus came. the boj sharply raised interest rates in 1989 trying to curb speculation and reign in inflation. from there stagflation became the new norm. japan has been ground zero for some of the biggest experiments and economics from moving interest rates up and down to venting the policy among others.
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now japan's central bank has decided it is time to end the experiments and exit negative interest rates. raising the interest rate from -0.1% to a range of zero to 0.1 percent does not seem like much that it does put japan back in line with other economies. if japan's negative rates experiment ends, what now? and how is this massive shift going to disrupt every day lives across the country and beyond? haidi: you can watch the full documentary on the bloomberg terminal and on our website, bloomberg.com and it is also on youtube as well as our official social media pages. we sure to tune into bloomberg radio to hear more from the newsmakers and get analysis broadcasting live from our studio in hong kong. you can listen to the app or bloombergradio.com. more ahead. this is bloomberg. ♪
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annabelle: someannabelle: of the latest geopolitical stories. a top is really official says his country will invade the southern city of -- will invade rocco.
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the is really strategic affairs minister says israel will finish the job and defeat, spirit he is said to head to washington to listen to concerns from the biden administration over the potential rafah invasion. yemen-based huthi militants have told china and russia their ships can sail through the gulf of aden without attack. an understanding was reached between diplomats and a top houthi official. beijing and moscow may provide political support for houthis. haidi: the rba says australian bends are prepared to handle an expected increase in loan losses as elevated inflation and high borrowing costs continue to squeeze incomes affecting households abilities to meet their expectations. it was a message of resilience that we got. >> australian banks are prepared
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as you saw in their earnings statements. we are seeing -- rising. and it looks like almost every borrower has been hit with a service debt so hard. we have seen 13 rate hikes by the bank of australia. and the interest rate is at a 12 year high. there were a lot of concerns about whether households would be able to withstand that. it looks like they have. i think the problem we are seeing is that they are servicing the debt but not spending so the economy is seeing a slowdown. as far as the financial system is concerned, they are very strong. annabelle: households can handle even higher rates but it does not seem like the economy could. if you have a higher rate of as much as 50 basis points, you won't be able to put that into
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the real economy. >> and that is the concern that the rba has mentioned a few times when they talk about consumers or consumption being the area of uncertainty. as far as their ability to service debt is concerned, that does not seem to be a problem. and that is a good hang that they are trying to make sure they are paying the debt on time. but then we are seeing they are not spending on the economy. and that has led to very slow economic growth which is likely to persist in the first half of this year. haidi: that was our bloomberg analyst. we are a half-hour away from trading in mainland china. a watch on apple suppliers because we saw that more than $100 billion from that company being erased with the focus on
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the doj probe. it is suing the company for violating antitrust laws. we also have a watch on alibaba because we have heard it will be raising nearly $360 billion by raising billy billy shares. it is a big day for reporting ahead because you have the likes of meituan and others among those reporting later appeared in the next hour morgan stanley will be sharing their equity strategy and telling us why they remain relatively cautious on msci china. that is it from "daybreak: asia ." our markets coverage continues ahead. this is bloomberg. ♪ ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh
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her uncle's unhappy. i'm sensing an underlying issue.hhh it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.
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