摩根大通：日本股票策略_最后阶段的谈判及上议院选举_如果 35% 的对等关税生效会怎样

J P M O R G A N Global Markets Strategy 05 July 2025 Japan Equity Strategy Last-minute tariff negotiations and Upper House election: What if reciprocal tariffs of 35% take effect? Japanese equities might see a spike in short-term volatility next week, depending on the outcome of US-Japan trade negotiations. With the July 9 negotiation deadline fast approaching, the market expects 8–10 countries to reach an agreement with the US, but if the US and Japan fail to reach a deal and reciprocal tariffs on Japan ar ...