Epstein Secrets

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

lg/ABGDsw/aSEW-A/WA/ABTN7g/AQ/zTRS> Illa//emaillink.jpmorgan.com/t/AQ/AAjClg/ABGDsw/a5EW-A/WA/Dvw/AQ/zWXM> JPMorgan Chase Bank, N.A., Tokyo Branch Takafumi Yamawaki <http://emaillink.jpmorgan.com/t/AQ/AAjClg/ABGDsw/a5EW-A/WA/ABRfoA/AQ/cJof> 2 EFTA_R1_01598116 EFTA02481685 t/AQ/AAjC1g/ABGDsw/a5EW- A/WA/MEQ/AQ

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

emaill=nk.jpmorgan.com/t/AOJAAjC1g/ABGDsw/aSEW-A/WA/ABTN7g/AQ/zTRS> <=> 2 EFTA_R1_01598270 EFTA02481792 JPMorgan Chase Bank, N.A., =okyo Branch Takafumi Yamawaki <http://emaill=nk.jpmorgan.com/t/ACVAAjC1g/ABGDsw/aSEW-A/WA/ABRfoA/AQ/clof> <=> JPMorgan Securities Japan Cr., Ltd. Masaaki Kanno <http://emaill=nk

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

expect JPY to appreciate going forward. Click here for the full Note and disclosures. Tohru Sasaki (AC) JPMorgan Chase Bank, N.A., Tokyo Branch Takafumi Yamawaki JPMorgan Securities Japan Co., Ltd. Masaaki Kanno JPMorgan Securities Japan Co., Ltd. EFTA00697955 Visit J.P. Morgan Markets for more market-le