In case you missed it, Japan Most Read Publications: 23 Jun to 29 Jun 2026

研报英文原文证据摘录

In case you missed it, Japan Most Read Publications: 23 Jun to 29 Jun 2026

ined that the arrival of advanced inference AI such as Claude Mythos has enabled

autonomous vulnerability detection and attack code generation, and faster independent action after intrusion than humans can

recognize. Mr. Ishikawa also said that Anthropic’s launch of Project Glasswing, followed by the US government’s imposition of

export controls, has raised the Japanese government’s sense of urgency.

Japan Quant Strategy (Masanari Takada)

Offshore investors shifting from China to Japan+Momentum accelerates amid additional reversal

risk

The Nikkei Average recovered to 72,000 today (June 25). Earlier this week the index briefly dipped below 70,000, but market

sentiment rapidly rebounded following the release of earnings reports from major US semiconductor companies. This reflects

the rapid rate in which the market fluctuates and also suggests that Momentum, centered on AI-related stocks, remains

resilient. Overseas passive funds, which have been generating forward-looking flows in line with this momentum, continue to

post net inflows (Figure1). It appears that the underlying support from supply and demand did not collapse significantly in the

recent adjustment phase.

| Japan Post Insurance (7181) (Koki Sato) (7181 JP, OW, PT ¥1,790)

Raising our rating to Overweight: Improving risk-reward outlook making it clearer that shares are

undervalued

We raise our price target through December 2026 from ¥1,467 to ¥1,790, and we raise our rating from Neutral to Overweight in

light of upside expansion. We had maintained a cautious stance, given somewhat lofty market expectations regarding

shareholder returns and stable profit growth under the new medium-term management plan (MTP). However, we now believe