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tial early snap election. Any positive impact of Japanese fiscal easing on growth is likely to manifest itself in higher inflation expectations under the Bo)’s yield-targeting regime, which means Japanese real interest rates can actually fall. Watch Abe-Trump meeting - coordination or conflict? Given the h
Page: HOUSE_OVERSIGHT_014424 →HKSFC); Merrill Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regul
Page: HOUSE_OVERSIGHT_014429 →ring is therefore a risk and the market could start testing the ECB. Even if Draghi succeeds, the Euro could strengthen in the meantime. In contrast, the Bo)’s new framework should address the sustainability challenges that Kuroda faced this year, and allows more fiscal stimulus by keeping the government’s b
Page: HOUSE_OVERSIGHT_014748 →ecurities and Futures Commission (HKSFC); Merrill Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regu Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regul
Page: HOUSE_OVERSIGHT_014785 →mieant Sep-16 Bo)’s will likely create uncertainty, however, NKY Sep-Oct ATM fwd vol currently trades at the low end of its trading range going into Bo)’s YTD. Plus, our analysis See Team Page for Full List of Contributors >> Employed by a non-US affiliate of MLPF&S and is not registered/qualified as
Page: HOUSE_OVERSIGHT_025978 →(HKMA); Merrill Lynch (Singapore): Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; errill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regul
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Merrill Lynch Canada Inc and the Bo)

Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
United Kingdom
LOCATIONMerchant Bank
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
BANA Australia
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATION
Seoul
LOCATIONMerrill Lynch KSA Company
ORGANIZATION
the Financial Services Agency
ORGANIZATION
Donald Trump
PERSONBaFin
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Frankfurt
LOCATIONDSP Merrill Lynch Limited
ORGANIZATIONMerrill Lynch International
ORGANIZATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATION