Contents |
1. Market outlook: inbound demand, TOPIX EPS
(1) Relationship between weak yen, wages, inbound demand (2) We revise up our TOPIX EPS top-down forecasts 2. Nomura strategists’ equities portfolio 3. Supply-demand: nonresidents cautious on Japanese equities, while nonfinancial corporations and Japanese active funds take a proactive stance – why the difference? (1) Lifting entry restrictions into Japan could be key to changing nonresident investors’ cautious stance (2) Trading by investor category 4. Quant strategy: shelf life of stocks with bullish guidance Focus on reversal of performance following revisions to consensus forecasts 5. Topic: office vacancy indicator based on GPS data An early indicator of post-pandemic office demand 6. Basic data on Japanese equities Appendix A-1 |
