Japan equity memo: July event calendar

研报英文原文证据摘录

Japan equity memo: July event calendar

Global Markets Research

Japan equity memo: July event calendar 26 June 2026

EQUITY: JAPAN STRATEGY

Earnings results at Japanese and overseas companies, US Research Analysts

tariff turmoil and NATO accounting, Japan growth strategy Macro strategy

Tomochika Kitaoka - NSC

Global: AI/semiconductor demand vs economic security; Japan: corporate governance tomochika.kitaoka@nomura.com

reforms driven by companies and investors vs authorities' focus on growth investment +81 3 6703 1815

Naoya Fuji - NSC

Overseas: Timing of US tariff updates, US earnings results, NATO summit, ECB naoya.fuji@nomura.com

forum in Sintra +81 3 6703 1245

In the US, 4 July marks the 250th anniversary of the country's founding, and President

Momoko Nakada - NSCTrump is due to hold an event, but a variety of tariff-related deadlines are also coming up momoko.nakada@nomura.com

in July. A review of the United States–Mexico–Canada Agreement (USMCA) is scheduled +81 3 6703 1100

from 1 July, and the US has set a deadline of 4 July for negotiations with the EU, after

Tomoharu Kurosu - NSCwhich it is threatening higher tariffs. The tariffs under Article 122 of the Trade Act expire tomoharu.kurosu@nomura.com

on 24 July, and we expect attention on whether alternative tariffs will be imposed. +81 3 6703 3875

Negotiations between the US and Iran are scheduled to run through the second half of

August. The US is expected to call on Europe to increase defense spending and

cooperate in national security at the NATO summit on 7–8 July. In terms of indicators, the

June jobs report will be released on 2 July, the June CPI data on 14 July, the June PPI

data on 15 July, June retail sales data on 16 July, and Apr–Jun GDP data on 30 July. For