Japan Summit 2026 | Japan’s Opportunity in a Multipolar World
Speakers
Michael Zezas
— Head of US Public Policy, Citi
Summary
At the Morgan Stanley Japan Summit 2026, Michael Zezas discusses how the shift to a multipolar world creates opportunity for Japan. He highlights an Asia CapEx supercycle from supply chain rewiring, defense, and AI, combined with Japan's corporate reforms and macro improvement. He expects double-digit returns in Japanese equities this year.
- Japan is well-positioned due to the shift to a multipolar world.
- Asia is seeing a CapEx supercycle from supply chain rewiring, defense, and AI infrastructure.
- Japan's structural corporate reforms are underway and dovetail with improving macro conditions.
- 75% of Japanese stocks map to key secular themes.
- 50% of household wealth is in bank deposits, and reallocation to equities could drive upside.
- Morgan Stanley strategists forecast double-digit returns for Japanese equities this year.
Trade Ideas
Double-digit returns in Japanese equities.
Japan is well-positioned to benefit from the Asia CapEx supercycle driven by supply chain rewiring, defense spending, and AI infrastructure, combined with structural corporate reforms and an improving macro environment where deflation is behind. Additionally, a potential reallocation of household savings from deposits to equities could drive meaningful upside. The Morgan Stanley strategists expect double-digit returns in Japanese equities this year.
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This Morgan Stanley video, published May 29, 2026, features Michael Zezas discussing EWJ. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Michael Zezas · Tickers: EWJ