- Natixis changed its portfolio weighting on Monday, increasing exposure to Japanese equities and cutting US equity exposure.
- The firm said Japan’s wage growth and economic indicators support further Japanese stock gains in 2026 and 2027.
- Japan’s 10-year government bond yield reached 3% for the first time this century, while Natixis maintained underexposure to global bond markets.
- Natixis viewed Bank of Japan policy normalization as supportive after Governor Kazuo Ueda signaled a likely rate hike later this month.
Quotes
“We think that the forces that are driving the stock market are stronger in Japan than in the US”
“The recent rise in real interest rates is basically driven by the growth momentum”
“So this is a super signal for us to go overexposed to Japanese equities”