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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 →S); 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, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated
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 →S); 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, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated
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 →S); 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, regulated by the Comisién Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Merrill Lynch Mexico and the Bo)

Donald Trump
PERSONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International
ORGANIZATIONMerrill Lynch Equities (Australia) Limited
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATION
the Financial Services Agency
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerchant Bank
ORGANIZATION
Bank of America
ORGANIZATION