J P M O R G A N Global Markets Strategy 30 May 2025 Japan Equity Strategy: Monthly Strategy Japan equity strategy amid US-China agreement and rise in ultra-long interest rates The US-China trade agreement is a supportive factor for Japanese equities. A recovery in the domestic economy has been delayed by elevated inflation, but the yen's rebound and the decline in fuel prices since the start of the year should gradually ease inflation and support domestic demand-oriented stocks. US-Japan trade talks are ong ...

Core Viewpoint - The recent rise in long-term interest rates is unlikely to have a direct impact on the new bond reduction plan that will be decided in June by the Bank of Japan [1] Group 1 - The Bank of Japan's committee member, Asahi Noguchi, commented on the potential effects of rising long-term interest rates [1]

Core Viewpoint - The recent rise in long-term interest rates is unlikely to have a direct impact on the new bond reduction plan that will be decided in June by the Bank of Japan [1] Group 1 - The Bank of Japan's committee member, Asahi Noguchi, commented on the potential effects of rising long-term interest rates [1]

Core Viewpoint - The "Bond King" Jeffrey Gundlach suggests that as the economy weakens, long-term interest rates may rise [1] Group 1 - Gundlach indicates that the current economic conditions are leading to a potential increase in long-term interest rates despite a weakening economy [1] - He emphasizes that the bond market is reacting to economic signals, which could lead to higher yields in the long run [1] - The analysis points to a disconnect between short-term economic indicators and long-term interest rate trends [1]