EFTA01148966Set 9
2013-12-1221p10,165w
Morgan Japan Equity Research
12 December 2013
Overweight
Seven & i Holdings (3382) 3382.T, 3382 JT
Price: 113,755
Seven-Eleven Japan's Aggressive Moves, Steady
A Price Target ... Omni-Channel Strategy Previous: $4,400
Raisingprice target to Y4,600, reiterating Overweight rating Japan
Adjusting our earnings estimates and price target, still bullish: We adjust Retail
our forecasts ... likely to decline after the consumption tax hike. We adjust our consolidated JPMorgan Securities Japan Co.. Ltd.
estimates and expect operating profit to rise 7% on an adjusted basis
https://www.justice.gov/epstein/files/DataSet%209/EFTA01148966.pdf
EFTA02686169Set 11
2011-01-1828p14,325w
Executive Officer. Invest in
France Agency. France
Jun Arai President Showa Shell Sekiyu K.K. Japan
Marta Arango Nimnicht Founder and General Director International Center for Colombia
Education and Human
Development ... Pereira Advisers LLP United Kingdom
Jerry Black Vice-President, Chief Executive Aeon Co. Ltd Japan
Officer ASEAN Business
Brent Blair Associate Professor of Theatre University of Southern USA
Practice. School ... Siiddeutsche Zeitung GmbH Germany
Jean-Luc Butel Executive Vice-President and Group Medtronic Inc. Japan
President, International
Luigi Buttiglione Partner, Head of Global Strategy Brevan Howard Investment Switzerland
Products
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02686169.pdf
EFTA01929417Set 10
2014-04-1432p7,756w
Interest
Let Asia Go Nuclear
Harvey M. Sapolsky, Christine M. Leah
, NYT
Ambiguities of Japan's Nuclear Policy
EFTA_R1_00378576
EFTA01929417
Norihiro Kato
The Hindu
Dancing with the nuclear ... want Iran or Saudi Arabia to get the bomb, but why not
Australia, Japan, and South Korea? We are opposed to nuclear
weapons because they are the great military equalizer ... Asia. We
EFTA_R1_00378594
EFTA01929435
station tens of thousands of troops in Japan and South Korea,
and are expanding our presence in Guam, Australia, Singapore,
and the Philippines
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01929417.pdf
EFTA01906769Set 10
2013-02-1024p5,741w
urgency to Obama's
'pivot'
Fred Hiatt
The Diplomat
7 Reasons China and Japan Won't Go To
War
Trefor Moss
Ankle I.
The Guardian
Israel: Washington calling
Editorial ... radar on a Japanese ship and helicopter.
Quarrels have intensified between South Korea and Japan, North
Korea and South Korea, China and the Philippines, India and
China. Taiwan is always ... nuclear arsenal until he becomes a genuine threat not only to
South Korea and Japan but to the United States as well. Chinese
officials are said to be alarmed
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01906769.pdf
EFTA01981558Set 10
2014-07-118p6,835w
moment keep us OW EM.
• Economics — Further cuts in Q2 Euro area and Japan bring global growth JPMergan Chase Bank NA
to 1.9%, after already dismal 1.4% in Ql. John ... very close to, though not as bad as, what
happened in Japan post its leverage boom and bust over twenty years ago. 8
Economic growth in Japan fell to less ... depress earnings and to
create deflation, inducing investors to prefer bonds, as happened in Japan. -2
-4
• If indeed economic agents continue to delever balance sheets, then monetary
policy
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01981558.pdf
EFTA01090474Set 9
2011-11-1524p14,876w
prices paid at the expense of greater risk.
To address its gas shortfall, like Japan and Korea, China ... Qatar, 15.2% 10%
4%
5%
0%
China Ind Total South Japan Australia Other Wald
Nigeria. 7.0% Asia Korea Asia
Indonesia, Pacific Pacific
Malaysia. 16.1%
14.1%
Source: Caa..J.P. Morgan Correrocilies ... general global trend in the G20 countries toward For reference, through July 2011, Japan's LNG import
use of cleaner fuels and China's planned adoption volumes had not actually
https://www.justice.gov/epstein/files/DataSet%209/EFTA01090474.pdf
EFTA01439262Set 10
40p12,726w
whom it
is unlawful
EFTA01439292
to make such offer or solicitation.
For persons in Japan. The information in relation to any interest and/ or
investment has not been and will ... pursuant to Article 4,
Paragraph 1 of
the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as
amended) (the "FIEL") and, accordingly, any interest and/or investment ... them
may not be offered or sold, directly or indirectly, in Japan or to, or for
the benefit, of any Japanese person or to others for re-offering or resale
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01439262.pdf
EFTA00686798Set 9
2012-03-0126p9,057w
state capitalism. China
has adopted a form of the Asian development model, invented by Japan
and followed, to varying degrees, by many rapid-growth countries around
East Asia. The model ... generates fantastic levels of economic growth for a while, but then
eventually, it crashes. Japan had its meltdown beginning in 1990 (and it
hasn't escaped two decades later); South ... Korea, the country that copied
Japan's model most closely, experienced its crisis in 1997-98.
What happens? The model is based on what Alice Amsden, in her study
https://www.justice.gov/epstein/files/DataSet%209/EFTA00686798.pdf
EFTA01445169Set 10
40p12,737w
whom it
is unlawful
EFTA01445199
to make such offer or solicitation.
For persons in Japan. The information in relation to any interest and/ or
investment has not been and will ... pursuant to Article 4,
Paragraph 1 of
the Financial Instruments and Exchange Law of Japan (Law no. 25 of 1948, as
amended) (the "FIEL") and, accordingly, any interest and/or investment ... them
may not be offered or sold, directly or indirectly, in Japan or to, or for
the benefit, of any Japanese person or to others for re-offering or resale
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01445169.pdf
EFTA01181111Set 9
2012-09-0624p8,284w
occupations of the
barren landmasses that China refers to as the Diaoyu Islands and Japan
calls the Senkaku Islands, angry demonstrators in the southwestern
Chinese city of Chengdu chanted ... Manila. And a
long planned step forward in cooperation between South Korea and Japan
was torpedoed when the South Korean president visited the barren island
that Korea calls Dokdo, Japan ... that the Senkaku
Islands (administered by the Okinawa Prefecture when it was returned to
Japan in 1972) are covered by the US-Japan security treaty. Meanwhile, the
standoff over
https://www.justice.gov/epstein/files/DataSet%209/EFTA01181111.pdf