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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 →: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
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 →: Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch japan): Merrill Lynch Japan Securities Co., Ltd., regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International Incorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan
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 →a): Merrill Lynch Argentina SA, regulated by Comisién Nacional de Valores; Merrill Lynch Japan): Merrill Lynch Japan Securities Co, Ltd. regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International ncorporated (Seoul Branch) regulated by the Financial Supervisory Service; Merrill Lynch (Taiwan)
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both the Financial Services Agency and the Bo)

Frankfurt
LOCATIONthe Capital Market Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
United Kingdom
LOCATION
Seoul
LOCATION
Michael Bloomberg
PERSONMerrill Lynch Canada Inc
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION
Bank of America
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONMerchant Bank
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Donald Trump
PERSONBaFin
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch International
ORGANIZATION