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ities and Exchange Board of India. Thailand: JPMorgan Securities (Thailand) Limited is a member of the Stock Exchange of Thailand and is regulated by the Ministry of Finance and the Securities and Exchange Commission. Indonesia: PT J.P. Morgan Securities Indonesia is a member of the Indonesia Stock Exchange and is regulat
Page: HOUSE_OVERSIGHT_026578 →JPMSS) [MICA (P) 088/04/2012 and Co. Reg. No.: 199405335R] which is a member of the Singapore Exchange Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore branch (JPMCB Singapore) which is regulated by the MAS. Malaysia: This material is issued and distr
Page: HOUSE_OVERSIGHT_026578 →<<Presentation Title>>
medium term. e Longer-term debt issues and weak competitiveness of major exporters are hurting the Japanese economy. Therefore the Bank of Japan and Ministry of Finance will maintain an expansive policy and continue to try weaken the JPY. However, current positive growth dynamics are supportive of the JPY. ¢ For com
Page: HOUSE_OVERSIGHT_024165 →al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. The recipient of this report represent and warrant that they
Page: HOUSE_OVERSIGHT_024178 →ge Securities Trading Limited and is regulated by the Monetary Authority of Singapore (MAS) and/or JPMorgan Chase Bank, N.A., Singapore
ities and Exchange Board of India. Thailand: JPMorgan Securities (Thailand) Limited is a member of the Stock Exchange of Thailand and is regulated by the Ministry of Finance and the Securities and Exchange Commission. Indonesia: PT J.P. Morgan Securities Indonesia is a member of the Indonesia Stock Exchange and is regulat
Page: HOUSE_OVERSIGHT_030854 →ues and weak competitiveness of major exporters are hurting the Japanese economy and PMls have disappointed. We therefore think the Bank of Japan and Ministry of Finance will maintain an expansive policy bias and continue trying to weaken the JPY. We are underweight JPY. ¢ For commodity currencies, the AUD and NZD co
Page: HOUSE_OVERSIGHT_025277 →al adviser under the Singapore Financial Advisers Act (Cap. 110) and a wholesale bank licensed under the Singapore Banking Act (Cap. 19) regulated by the Monetary Authority of Singapore, in respect of any matters arising from, or in connection with, the analysis or report. Spain: This publication is distributed to clients of UBS Bank
Page: HOUSE_OVERSIGHT_025290 →Entities connected to both the Ministry of Finance and The Monetary Authority of Singapore

Malaysia
LOCATIONthe Dubai Financial Services Authority
ORGANIZATION
Frankfurt
LOCATION
Philippines
LOCATIONthe Capital Market Authority
ORGANIZATION
United Kingdom
LOCATION
the Financial Services Agency
ORGANIZATION
Michael Bloomberg
PERSONthe Prudential Regulation Authority
ORGANIZATIONthe Securities and Futures Commission
ORGANIZATION
New Zealand
LOCATION
Donald Trump
PERSON
JPMorgan Chase
ORGANIZATIONthe Central Bank of Brazil
ORGANIZATIONthe Philippine Stock Exchange
ORGANIZATION
Seoul
LOCATIONthe Taiwan Securities and Futures Bureau
ORGANIZATIONthe Indonesia Stock Exchange
ORGANIZATIONthe Mexican Stock Exchange
ORGANIZATIONBombay Stock Exchange Limited
ORGANIZATION