March 12, 2026 12:29 PM GMT M Foundation Investor Presentation: Japan Equity Strategy | Japan De-risk Moment: Rally, but Wary • March: geopolitics and flows collide. Too early to draw conclusions on shipping disruption. Near term: stay flexible; tactical de-risking. Morgan Stanley MUFG Securities Co., Ltd.+ Sho Nakazawa Equity Strategist Sho.Nakazawa@morganstanleymufg.com +81 3 6836-8926 Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors sh ...