Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>PM Takaichi upends bond markets as worries over fiscal impropriety boil over into JGB panic selling.</li>
<li>Any backtracking on her plans to cut taxes for food and beverages will loose the election and puts her on a Liz Truss trajectory.</li>
<li>Despite the risk-off tape, Kioxia still managed a 9.5% gain, but Kioxia may see retail margin selling if big losses elsewhere.</li>
</ul>


PM Takaichi upends bond markets as worries over fiscal impropriety boil over into JGB panic selling.
Any backtracking on her plans to cut taxes for food and beverages will loose the election and puts her on a Liz Truss trajectory.
Despite the risk-off tape, Kioxia still managed a 9.5% gain, but Kioxia may see retail margin selling if big losses elsewhere.


Japan Morning Connection: Market Holding Breath to See if JP Bond Rout Continues

<ul>
<li>Massive capex numbers from TSMC set to propel JP SPE to new highs today.</li>
<li>Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.</li>
<li>The hottest momo names in JP last year have cooled, but there should be more upside yet.</li>
</ul>


Massive capex numbers from TSMC set to propel JP SPE to new highs today.
Softbank is likely to continue to lag as ARM fails to catch a bid despite being -42% from recent highs.
The hottest momo names in JP last year have cooled, but there should be more upside yet.


Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>Hyundai showcased innovative self-driving technology at CES 2026, collaborating with Nvidia.</li><li>Qualcomm is in talks with Samsung to produce next-generation 2nm chips for advanced applications.</li><li>Humanoid robots are anticipated to launch commercially in 2026, highlighting advancements in AI efficiency.</li></ul>

Hyundai showcased innovative self-driving technology at CES 2026, collaborating with Nvidia.Qualcomm is in talks with Samsung to produce next-generation 2nm chips for advanced applications.Humanoid robots are anticipated to launch commercially in 2026, highlighting advancements in AI efficiency.

Tech Supply Chain Tracker (09-Jan-2026): Hyundai and Nvidia showcase next-gen self-driving

<ul>
<li>Strong numbers for Credo after-hours sets a better tone for connectivity related plays.</li>
<li>FA plays may be back in focus on news Yaskawa and Softbank as well as Fanuc and NVDA announce AI focused tie-ups.</li>
<li>Expect a weakish start in Japan but tech weakness yesterday may soften blow.</li>
</ul>


Strong numbers for Credo after-hours sets a better tone for connectivity related plays.
FA plays may be back in focus on news Yaskawa and Softbank as well as Fanuc and NVDA announce AI focused tie-ups.
Expect a weakish start in Japan but tech weakness yesterday may soften blow.


Japan Morning Connection: Crypto Selloff Spooks Risk Assets Although Most Recover in the PM

<ul>
<li>Intel reportedly producing chips for Apple should also help Ibiden.</li>
<li>Kioxia shakes off Bain selling although there looks to be plenty of upside yet after recent correction.</li>
<li>China tensions simmer further over the w/e positive for defense, negative for tourism related.</li>
</ul>


Intel reportedly producing chips for Apple should also help Ibiden.
Kioxia shakes off Bain selling although there looks to be plenty of upside yet after recent correction.
China tensions simmer further over the w/e positive for defense, negative for tourism related.


Japan Morning Connection: Strong Month-End for Tech Sets Japan up for a Solid Start to Dec

Japan

SoftBank Group Corp. provides telecommunication services. The Company also operates ADSL (Asymmetric Digital Subscriber Line) and fiber optic high-speed Internet connection, e-Commerce businesses, and Internet based advertising and auction businesses.

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Softbank Group (9984 JP)

Japan Morning Connection: Market Holding Breath to See if JP Bond Rout Continues

Markets risk off in the wake of the bond market rout sparked by JBG selling yesterday. Many food and beverage names have shot up since the news broke.

Andrew Jackson

Japan Morning Connection: SOX Closes at New Highs After TSMC Numbers and Capex Beat Ests

Likely for Kioxia to hit new highs today with memory names trading well. Strong tone for JP SPE after US tarrifs on Taiwan were lowered.

Andrew Jackson

Tech Supply Chain Tracker (09-Jan-2026): Hyundai and Nvidia showcase next-gen self-driving

At CES 2026, Hyundai showcased self-driving tech with Nvidia, Qualcomm pursued 2nm chip deals with Samsung, and humanoid robots are set to debut...

Tech Supply Chain Tracker

Japan Morning Connection: Crypto Selloff Spooks Risk Assets Although Most Recover in the PM

Some rotation into defensive sectors in response to crypto weakness. AI connectivity name Credo is surging post-mkt, setting a better mood for JP...

Andrew Jackson

Japan Morning Connection: Strong Month-End for Tech Sets Japan up for a Solid Start to Dec

Sentiment for all things AI back on the rise, boosting glass fiber makers. A rebound for memory and Japanese SPE names. Kioxia may keep rising...

Andrew Jackson

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