杰富瑞：日本股市2026年前景具有强劲吸引力

Core Viewpoint - Japanese stock market shows strong attractiveness before 2026 due to bottom-up corporate reforms and top-down growth-promoting political leadership [1] Group 1: Market Outlook - Jefferies quantitative strategist Shrikant Kale predicts a 13% upside for the Tokyo Stock Exchange's Topix index by 2026, driven by earnings growth [1] - The Bank of Japan is expected to advance monetary policy normalization, but concerns over the U.S. economy may increase expectations for a loosening of policies by the Federal Reserve, potentially putting upward pressure on the yen [1] Group 2: Earnings and Market Trends - Despite the market's focus on AI themes, there are risks to earnings under high expectations [1]