UBS maintains an Attractive view on Japanese equities, expecting market leadership to broaden from AI stocks to cyclical sectors as the global manufacturing cycle improves.
Key Takeaways
- 1.UBS maintains an Attractive view on Japanese equities despite recent concentration in AI-related stocks.
- 2.Fundamentals are supported by strong earnings growth and an improving global manufacturing cycle.
- 3.Investment opportunities are highlighted in banks, AI supply chain firms, trading companies, and defense.
Table of Contents
- CIO View: Japanese equities
- Global Asset Class Preference Attractive
- Central scenario
- Upside scenario
- Downside scenario
- Global asset class preferences definitions
- Appendix
- Risk information
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Authors
Chisa KobayashiHartmut Issel
Securities
TPXNikkei 225
Themes
Artificial Intelligence CapexCorporate Governance ReformGlobal Manufacturing Recovery
Regions
Asia PacificMiddle EastJapanUnited States