Starting in 1 hour: Japan Equity Strategy Monthly Call: Sustainability of Historically Concentrated Positioning & Food Sector outlook

研报英文原文证据摘录

Starting in 1 hour: Japan Equity Strategy Monthly Call: Sustainability of Historically Concentrated Positioning & Food Sector outlook

Accessible version

Starting in 1 hour: Japan Equity Strategy Monthly Call

Sustainability of Historically Concentrated

Positioning & Food Sector outlook

Invitation

Topic 02 July 2026

We have revised upward our year-end forecasts for Japanese equities (TOPIX: 4,400; Equity Strategy

Nikkei 225: 76,000, with a potential upside to 80,000). This revision is driven by the Japan

rapid expansion of AI-related demand and an increased likelihood of the reopening of

Related ResearchHormuz. Looking ahead, we see the key focus shifting to ROE improvement supported

Japan Insight: BofA Strategy Monthly:by a recovery in the manufacturing sector.

Manufacturing cycle still recovering,

At the same time, market positioning has taken on a historically concentrated profile. wary of historic concentration in

While we expect the AI rally to continue, we believe the market is entering a phase of positions 30 June 2026

heightened volatility.

Japan Equity Strategy: Raise year-end

Akutsu, Masashi will provide a top-down perspective on the current stage of the AI rally, estimates: Surprising rally; stock

sector preferences, and the sustainability of the Japan equity uptrend. In addition, Japan concentration near historical highs 23

June 2026food sector analyst Sumoge Manabu will discuss the implications of consumption tax

cuts and lower oil prices, as well as the outlook for the food sector.

Japan Equity Strategy: Stock selection:

This Webinar will be conducted in English. hawkish FOMC meeting and Hormuz

reopening 18 June 2026

We look forward to welcoming you to the call.

Presentation: