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llowed by EMU, with the new Washington compromise or Fed hawkishness more in the camp of shorter-term tactical games. • Starting in Japan, new PM Abe has strong convictions, incentives, and we believe the ability to push true fiscal stimulus financed by massive QE. Expectations of Japanese reflat
ve the meanings given to them in section 761G of the C ations Act 2001. Germany: This material is distributed in Germany by. Morgan Securities plc. Frankfurt Branch and Chase Bank. Frankfurt Branch which are regulated by the Bundcsanstalt fir Finanzdienstleistungsau rsicht. Hong Kong: The I% ownership disclosu
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orations Act 2001. Germany: This material is distributed in Germany by J.P. Morgan Securities plc, Frankfurt Branch and J.P.Morgan Chase Bank. N.A., Frankfurt Branch which are regulated by the Bundesanstalt fir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end sati
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porations Act 2001. Germany: This material is distributed in Germany by J.P. Morgan Securities pk, Frankfurt Branch and J.P.Morgan Chase Bank, N.A., Frankfurt Branch which arc regulated by the Bundesanstalt fiir Finanzdienstleistungsaufsicht. Hong Kong: The 1% ownership disclosure as of the previous month end sat
Entities connected to both Shinzo Abe and Frankfurt Branch

United States
LOCATION
Joe Biden
PERSON
Condoleezza Rice
PERSON
Bloomberg L.P.
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Eric Trump
PERSON
Malaysia
LOCATION
Philippines
LOCATION
New Zealand
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
Venezuela
LOCATIONthe Capital Market Authority
ORGANIZATION
Seoul
LOCATIONthe Securities and Futures Commission
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONEngland & Wales
LOCATIONthe Philippine Stock Exchange
ORGANIZATIONthe Stock Exchange of Thailand
ORGANIZATIONJPMSAL
ORGANIZATIONDubai Branch
ORGANIZATION