宝盛集团：日本股市下半年波动性或加剧

Group 1 - The core viewpoint of the article is that the Japanese stock market may experience increased volatility in the second half of the year due to rising political and fiscal uncertainties [1] - The report suggests that if the Japanese government implements cash distribution and consumption tax reduction measures in September and October, consumer stocks may benefit in the short term [1] - The article highlights that in the context of ongoing tariff-related uncertainties, an extension of the consumption tax reduction policy may lead investors to shift towards domestic demand-oriented industries [1] Group 2 - Long-term, the company believes that corporate fundamentals will be the key driver of stock market performance [1] - The report expresses optimism about the Japanese market outlook, driven by corporate reforms, improvements in governance structures, and enhanced return on equity [1] - The recent market weakness is viewed as a good opportunity to invest in high-quality companies [1]