Group 1 - Japanese investors net sold 581.1 billion yen in foreign stocks, 354.4 billion yen in long-term bonds, and 798.7 billion yen in short-term bonds last week [1] - Foreign investors have net bought 690.1 billion yen in Japanese stocks for five consecutive weeks [1] - Japan's government is focusing on "responsible active fiscal" policies to support strategic industries such as semiconductors, AI, defense, and green industries, which have a more immediate impact compared to previous policies aimed at long-term growth [1] Group 2 - The Japanese yen has potential for upward fluctuations due to the normalization of the Bank of Japan's monetary policy and the ongoing interest rate cuts by the Federal Reserve [4] - The Nikkei 225 index has risen 31.4% year-to-date, with about half of this increase driven by policy expectations related to "expansionary fiscal policy and a weak yen" [4] - Future market sentiment is expected to become more rational by 2026, with the sustainability of future gains depending on the effectiveness of policy implementation [4] - Japan's export growth may be supported by the diversification of trade partners and the competitiveness of its advantageous industries, despite the narrowing of the US-Japan interest rate differential [4] - Domestic demand may improve if inflation recedes smoothly and real income levels rise, enhancing consumer confidence and corporate profitability through a "wage-inflation" spiral [4]