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the Bank revised down GDP and inflation outlook and pushed out the timeline of achieving 2% inflation target. • The details of Outlook Report and Kuroda's comments at the press conference were rather downbeat. The Bois policy does not appear preemptive any more. " We now believe that the BoJ will e
long JPY v short KRW still makes sense. Paul Global Rates & FX Research BoJ changed reaction function, not preemptive any more: BoJ to hold until Nov.2016 & USD/JPY may break 110 <Monetary Policy> • The BoJ did not ease today, even though the Bank revised down GDP and inflation outlook and pushed out the t
believe that the BoJ will eas= in November 2016, when the BoJ is expected to push out the time line agai=, although earlier easing is possible. • • Kuroda remained confident that there=the Bol has plenty of tools for additional easing, including an increase i= JGB purchases. <Forei=n Exchange> * * We
JPY = short KRW still makes sense. Paul =U> Global Rates & FX Research BoJ changed reaction function, not preemptive any more: Bo.' to hold =ntil Nov.2016 & USD/JPY may break 110 <Monetary Policy> * * The BoJ did not ease tod=y, even though the Bank revised down GDP and inflation outlook and pushed =ut the
the Bank revised down GDP and inflation outlook and pushed out the timeline of achieving 2% inflation target. • The details of Outlook Report and Kuroda's comments at the press conference were rather downbeat. The BoJ's policy does not appear preemptive any more. • We now believe that the BoJ will
rt KRW still makes sense. Paul <imagel.gif5 Global Rates & FX Research BoJ changed reaction function, not preemptive any more: BoJ to hold until Nov.2016 & USD/JPY may break 110 <Monetary Policy> • The BoJ did not ease today, even though the Bank revised down GDP and inflation outlook and pushed out the t
Entities connected to both Kuroda and Nov.2016 & USD/

Jeffrey Epstein
PERSON
Richard Kahn
PERSON
JPMorgan Chase
ORGANIZATIONTakafumi Yamawaki
ORGANIZATION
Vicky Ward
PERSONBarrett
PERSONTohru Sasaki
PERSONJ.P. Morgan Markets
ORGANIZATIONDaniel Saba
PERSON
Brad Wechsler
PERSONTokyo Branch
ORGANIZATIONJPMorgan Securities Japan Co., Ltd.
ORGANIZATION