Japan Equity Research: Takaichi administration investment strategy: 17 strategic sector beneficiaries

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Japan Equity Research: Takaichi administration investment strategy: 17 strategic sector beneficiaries

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Japan Equity Research

Takaichi administration investment

strategy: 17 strategic sector beneficiaries

Investment Strategy

02 July 2026

Beneficiary stocks of ¥370tn investment through FY40 Investment Strategy

The Takaichi administration has announced estimated investment amounts for the 17 Japan

strategic sectors, the centerpiece of its growth strategy. Total estimated investment

through FY40 under public-private partnerships exceeds ¥370tn. For the defense Tokyo Research BofAS Japan

industry, investment amounts related to the three strategic documents, which are to be

Masashi Akutsu >>

revised within the year, will be added at a later date. If these investments are carried Strategist

out, Japan's long-standing underinvestment economy could change dramatically. In this BofAS Japan +81 3 6225 7754

report, our analysts identify representative stocks that stand to benefit across the 17 masashi.akutsu@bofa.com

strategic sectors. See Team Page for List of Analysts

Core Japan equity theme with abundance of related stocks

Growth investment is a unique theme for Japanese equities. AI and semiconductors

represent the largest investment category at ¥101.6tn and also have the highest number MLCC: Multi-Layer Ceramic Capacitor

of related stocks. Prospective investments cover the entire supply chain, including

HDD: Hard Disk Drivesemiconductor production equipment (SPE), AI robotics, MLCCs, HDDs, BBUs, InP

substrates, CPO, cooling materials, glass, ceramics, and electrostatic chucks. AI demand BBU: Battery Backup Unit

has effectively led investors to rediscover the strong competitiveness these companies

already possess in their respective fields.