This report provides equity research and market updates for Japan, covering key stock performance, industry trends in machinery and chemicals, and commentary on the JPY/USD FX intervention outlook.
Key Takeaways
- 1.The Japanese equity market continues a tech-led rally in 2026, with broadening strength seen in financials, materials, and capital goods.
- 2.Kioxia Holdings remains a Buy/High Risk rating as tight supply-demand conditions for data center applications are expected to continue through 2027.
- 3.Renesas Electronics expects its AI infrastructure business to become a primary growth driver, accounting for roughly 40% of company revenue by 2030.
Table of Contents
- Top Call
- Company
- Industry
- Equity Strategy
- FX
- Key Rating and Target Price Changes
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Authors
Takahiro InoueTakero FujiwaraMasashi Miki
Securities
9962.T6723285A.T
Themes
AI Infrastructure GrowthCurrency InterventionJapanese Market Rally
Regions
Asia PacificEuropeJapanChinaUnited States