Group 1 - Since Trump's inauguration in January, global investors have begun reallocating funds away from an overemphasis on the US, initially shifting towards European and Chinese stocks, and recently increasing purchases of Japanese stocks [1][2] - Overseas funds have been returning to the Japanese stock market, with net purchases of Japanese stocks reaching 545.6 billion yen in the first week of July, totaling 4.9 trillion yen over 14 weeks, marking the longest streak since November 2012 [1][2] - The influx of long-term capital into Japanese stocks is not driven by optimism about Japan's future, but rather due to a reallocation of funds from the US, as Japanese stocks are seen as undervalued [2][3] Group 2 - Analysts have noted that while there is a significant increase in stock buybacks, the macroeconomic environment, particularly uncertainties surrounding US tariff policies, has prevented a strong buying atmosphere for Japanese stocks [3][4] - There is a growing trend of bottom-up investment analysis in Japanese stocks, with a focus on individual stock performance rather than passive trading strategies, contrasting with the speculative trading seen prior to the market crash in 2024 [4][5] - Despite potential short-term volatility due to upcoming elections and tariff deadlines, the Japanese stock market is expected to remain relatively strong due to continued foreign investment [5]