July 31, 2025 02:12 PM GMT Japan Equity Strategy | Japan Sho-Time: Brace for Selective Momentum Reversal Share price reactions to 1Q earnings have shown a strong contrarian bias so far. Those high-momentum names with solid earnings support so far may face temporary selling in profit- taking moves, and we see such pullbacks as opportunities to buy on dips heading into 2Q results. Key Takeaways Exhibit 1: TOPIX500 Revision and YoY Stock Price Comparison: Stock increases following the Japan-US tariff agreement ...