Model Wins, Market Turns Risk-On — Nikkei Eyes June SQ After G7 and Japan Election｜2025/5/8

After 6:00 PM JST, May 8, 2025.The Nikkei has recovered to the 36,900 range. After a period of caution in April, the battle between “model vs. cycle” is leaning toward a victory for the model.Japan is heading into an upper house election, and the June G7 Summit is just around the corner. As we approach the June major SQ, the question is: are we entering a full-fledged bull market?“History repeats itself, but the details are never the same.”Trump’s tariff policies are tightening dollar supply — could this lead to a structurally weaker yen? And will Japan's export-driven equity advantage continue?＿＿＿Free Weekly NewsletterSign up here：（⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://subscribepage.io/ni225op⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠）