Japanese stock market

Reports on this topic

J.P. Morgan2026-11-05

J.P. Morgan: Japanese stocks hit by AI sell-off, earnings growth base continues to broaden

On 4 November, TOPIX’s forward P/E fell to 14.4 times. JPMorgan believes Japanese stocks are oversold: results reported for the period from month 7 through September show that, excluding electronics, precision instruments, and electric power and gas, revenue and net profit still grew year over year by 10% and 11%, respectively; however, profits in autos, retail and other sectors are under pressure, and earnings season is not yet over.

J.P. Morgan2026-11-02

J.P. Morgan: Japanese equity valuations fall below 15 times; AI rebound depends on oil prices and monetization prospects

Japanese semiconductor stocks led declines in October. JPMorgan believes Japanese equities have entered oversold territory, but their near-term direction depends on oil prices and returns on AI investment. The bank raised its earnings forecasts and maintained its year-end index targets.

J.P. Morgan2026-10-29

J.P. Morgan: Japanese stocks rebound as fresh buying is awaited: CTAs stop selling and watch, while AI earnings have yet to lift the whole sector

JPMorgan believes the Nikkei’s rebound is being driven for now by the cash market; macro hedge funds are buying dips, while CTAs remain on the sidelines. Further gains in the index require a broad expansion in AI semiconductor valuations or renewed risk-taking by top-down investors.

J.P. Morgan2026-10-27

J.P. Morgan: JPMorgan watches for stock-specific risks to spread across the market after Nikkei rebound

The Nikkei rebounded after holding 62,000, potentially easing pressure from trend traders closing long positions. JPMorgan’s baseline scenario points to a recovery by year-end, but credit-market strains, cybersecurity incidents and the performance of momentum strategies remain tail risks to watch.

Goldman Sachs2026-10-23

Goldman Sachs: Japanese stock pullback concentrated in AI and banks; Goldman still sees TOPIX rising 16% over a year

TOPIX has fallen 5.2% from its 6 October high, with 21 stocks accounting for 99% of the decline. Goldman Sachs interprets this as risk-off selling in themes that had been strong during the year; valuations have fallen to their lowest since August 2025, but foreign selling and the approaching earnings season remain important context for assessing the scope for a recovery.