国别研究系列:日本篇|国泰君安·全球研究

Consumption Sector - Japan's consumption is evolving, focusing on companies with strong management and innovation capabilities that can withstand economic cycles[1] - Key investment trends include high cost-performance, health-oriented, and convenience-driven products[1] - The Japanese beer industry shows potential for long-term structural upgrades and price increases, with leading companies benefiting from a favorable competitive landscape[2] Financial Sector - Japan's public investment trust industry ranks 8th globally, accounting for 4.3% of household assets, indicating underdevelopment compared to Western markets[6] - The insurance asset management sector in Japan leads Asia, focusing on managing insurance group funds and third-party wealth management[7] Real Estate and Construction - Japan is a pioneer in urban renewal, with successful projects like Roppongi serving as models for similar initiatives in other countries[8] - The construction sector in Japan has experienced significant growth due to urbanization and policy support, suggesting potential for similar developments in other regions[9] Technology Sector - Japan is at the forefront of hydrogen energy applications, providing a model for domestic industry development in this area[10]