日本加息“靴子”落地机构研判全球资产配置再平衡

Core Viewpoint - The Bank of Japan raised interest rates by 25 basis points to 0.75%, marking the highest level in 30 years, which aligns with market expectations and is seen as a controlled rebalancing rather than a market shock like the "Black Monday" in August 2024 [1][2] Group 1: Market Reactions - Following the interest rate hike, major global markets reacted positively, with the Nikkei 225 index rising by 1.03% and the Nasdaq increasing by 1.31% [1] - Analysts noted that the market had already priced in the rate hike, leading to a calmer response compared to the previous year’s volatility [2][3] Group 2: A-Share Market Outlook - Despite recent fluctuations, the underlying logic for a positive mid-term outlook for A-shares remains intact, with potential for better positioning in the first half of 2026 [4][5] - External factors, such as the Fed's interest rate decisions and concerns over AI market bubbles, have influenced market sentiment but have not altered the fundamental growth narrative for A-shares [4][5] Group 3: Investment Opportunities - Investment focus for 2026 is expected to center on AI, commodities, and sectors benefiting from structural changes, with a particular emphasis on technology and innovation [7][8] - The potential for a gradual tightening of Japan's monetary policy is anticipated, which may influence global capital flows and investment strategies [3][6]