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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 →the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the
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 →zil): Bank of America Merr This research report: has been approved for publication and is distributed in the United FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, retail clients (as defined in the rules of the FCA and the PRA} by Merrill Lynch Internatio imited regulation by the FCA and PRA - details about the
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 →the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the
Page: HOUSE_OVERSIGHT_026002 →Entities connected to both Bank of America Merrill Lynch International Limited and the Bo)

United Kingdom
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Bank of America
ORGANIZATIONMerrill Lynch Canada Inc
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Seoul
LOCATIONMerchant Bank
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
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the Financial Services Agency
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONBaFin
ORGANIZATIONPierce, Fenner & Smith Incorporated
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Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch International
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Frankfurt
LOCATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Argentina SA
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Donald Trump
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