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and domestic stocks even amid the sharp drop in the yen and equity rally under the "Abe market" spurred by the economic policies of Prime Minister Shinzo Abe. We cannot imagine a 180-degree turnabout in investor behavior on the basis of NISA. Our belief that the yen will decline in value is based on the s
sharp drop in the yen and equity rally under the "Abe market" spurred by the economic policies of Prim
f single-names we highlighted in our email yesterday. Best Regards, Tazia — Forwarded by Tazia Smith/db/dbcom on 12/19/2013 10:20 AM ---- From: 'Taisuke Tanaka. Deutsche Securities Inc." To: Tazia Smith/db/dbcom@DBAMERICAS. Date: 12/18(201312:36 AM Subject: DEutsche JApan View on FX - DB. yen-bear. tal
PY and outperformance by Japanese stocks, then Abenomics should somewhat reinforce sentiment for JPY depreciation and rising stocks. Prime Minister Abe will shuffle his cabinet in September, and appears resolved to continue implementing a revamped Abenomics. 7) BoJ's quantitative and qualitative mo
entiment for JPY depreciation and rising stocks. Prime Minister Abe will shuffle his cabinet in September, and appear
The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 10154-0004 New York. NY, L
covery. Since the end of the first round of the "Abe market" in late may, the USD/JPY has stagnated al
vp zero-cost one touch (indicative levels below). Thoughts? Best Regards, Tazia Forwarded by Tazia Smith/db/dbcom on 11/18/2013 11:03 AM From: "Taisuke Tanaka, Deutsche Securities Inc." < > To: Tazia Smith/db, Date: 11/17/2013 10:41 PM Subject: DEutsche JApan View on FX - USD/JPY: Self-enforcing trend
stock markets rally. Fortunately, we believe the Abe administration will continuously benefit from a
the downward pressure on the yen stemming (as an auxiliary effect) from the BoJ's easing stance, and expect the USD/JPY to reach Y115 by end-2014. Taisuke Tanaka From: To: [email protected], Cc: ahe stepanian/db/dbcom0064mericas, Paul Morris Date: 11/15/2013 10:14 AM Subject: USDcJPYp zero cost on
ill not rally unless the yen weakens, and Abenomics will not succeed unless the yen weakens and the stock markets rally. Fortunately, we believe the Abe administration will continuously benefit from a robust US upswing in 2014. With the USD/JPY having languished for nearly half a year, the markets h
p zero-cost one touch (indicative levels below). Thoughts? Best Regards, Tazia Forwarded by Tazia Srnithldbrdbcom on 11/182013 11'03 AM -- From. "Taisuke Tanaka. Deutsche Sectsities Inc." < To. Tazia SmitlVdtk , Date: 11/17/2013 10:41PM Subject. DEutsche JApan View on FX - USD/JPY: Sell-entorcing trend
Y depreciation and rising stocks. Prime Minister Abe will shuffle his cabinet in September, and appear
The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka (Embedded image moved to file: pic27293.gif) Tazia Smith Director I Key Client Partners - US DS Securities Inc Deutsche Asset & wealth Managemen
nd ahead of the April '14 consumption tax hike)! Measures of progress will come over the summer, with investors able to gauge the reaction to: (i) Abe's grand deregulation and competition plan, to be unveiled midJune; (ii) the Tokyo metropolitan and Upper House elections, in June and July respect
Alan Ruskin Daniel Brehon Drausio Giacomelli Guilherme Marone Mauro Roca Singapore Sameer Goel Mallika Sachdeva Sydney John Horner Tokyo Taisuke Tanaka Head of FX Strategy Bilal Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA(P) EFTA01464418
Y depreciation and rising stocks. Prime Minister Abe will shuffle his cabinet in September, and appear
USD -378.78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: "Taisuke Tanaka, Deutsche Securities Inc." To: Tazia Smith Date: 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securiti
Y depreciation and rising stocks. Prime Minister Abe will shuffle his cabinet in September, and appear
78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: To: Date: "Taisuke Tanaka, Deutsche Securities Inc." <I =MI Tazia Smith 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securities
Entities connected to both Shinzo Abe and Taisuke Tanaka

Jeffrey Epstein
PERSON
Alan Dershowitz
PERSON
Marc Rich
PERSON
Deutsche Bank
ORGANIZATION
Tazia Smith
PERSON
Harvey Weinstein
PERSON
Paul Morris
PERSONAbenomics
ORGANIZATION
Tokyo
LOCATION
Southern Europe
LOCATIONDEutsche JApan View
ORGANIZATIONEuropean USD Call on USD
ORGANIZATIONUSDJPY Spot Ref
ORGANIZATION