J P M O R G A N Asia Pacific Economic Research, Rates & FX Strategy 14 July 2026 Indonesia: Fiscal outlook and market implications We stay MW IDR FX, MW IndoGBs and reduce UW INDONs Emerging Markets Asia, Economic and Policy Research Charnon Boonnuch (65) 6807 5086 charnon.boonnuch@jpmorgan.com JPMorgan Chase Bank, N.A., Singapore Branch Jin Tik Ngai (65) 6807 5556 jintik.ngai@jpmorgan.com JPMorgan Chase Bank, N.A., Singapore Branch Emerging Markets Strategy Arindam Sandilya AC (65) 6882-7759 arindam.x.sand ...