This document is a page from a Bank of America Merrill Lynch 'Japan Investment Strategy' report dated November 18, 2016. It contains a table listing Japanese companies in the cyclical, bank, and insurance sectors that were given a 'buy' rating by the firm's analysts. The document contains no discernible information related to Jeffrey Epstein, his known associates, or his activities.
Bank of America Merrill Lynch presents a bullish outlook for Japanese equities in 2017, forecasting the Nikkei 225 index to reach 20,000. The strategy advises a rotation from defensive stocks into cyclicals, banks, and insurance. This is based on an anticipated upturn in the inventory cycle, rising inflation and interest rates, and a strong macroeconomic environment.
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