00:00 The game continues in 2025 01:29- Outlook for 2025 03:13- The "vicious cycle" of economic boom 06:21- The end of stagflation is "recession" 08:39- Fed interest rate cuts further away 11:04- "Trial rate hike" failed 14:03- The second round is the battle "to escape the swamp" 17:37- Will "20% rise in US stocks" continue this year? 19:16- Japan-US interest rate differential and dollar-yen exchange rate "The game continues" 23:04- Japan is a treasure trove of value stocks 24:13- A rosy scenario by Okazaki 28:28- Hopes for politicians who aim to escape deflation 30:24- "The year of shedding our skin" 33:36- Breaking down "walls" with the power of the people 35:16- Itoshima's Eye "Pictet Market At the Pictet Market Lounge, investment professionals will discuss different topics each time, including the stock and bond markets. Online seminars featuring speakers include Pictet Theater LIVE: https://www.pictet.co.jp/seminar/pict... Subscribe to Pictet Japan Co., Ltd.'s YouTube channel: https://www.youtube.com/user/PictetJa... Pictet Japan Co., Ltd. website: https://www.pictet.co.jp/ Spotify: https://open.spotify.com/show/7k7bkbw... Apple podcast: https://podcasts.apple.com/jp/podcast... Takatoshi Itoshima, Senior Strategist, Pictet Japan Co., Ltd. After working as a corporate research analyst at a securities think tank, he worked as an investment advisor and managed investment trust funds, mainly domestic stocks, at a major Japanese investment management company. He then worked as an active fund manager at hedge funds and independent investment management companies. He has a total of 21 years of investment experience. He has experience managing Japanese stock funds that have won the Best Fund Award three times and the Excellent Fund Award twice. At Pictet, he covers domestic stocks, which is his specialty as a strategist, as well as major country stocks. He is a regular on Nikkei CNBC's "Lunch Express" every other Monday. He also appears once a month on TV Tokyo's "News Morning Satellite," BS TV Tokyo's "Nikkei News Plus 9," and Stock Voice. He writes monthly for Toyo Keizai Online. He is a Certified Member of the Securities Analysts Association of Japan (CMA), a Certified International Investment Analyst (CIIA), and a Certified Technical Analyst (CFTe) from the International Federation of Technical Analysts. Ryosuke Okazaki, Visiting Fellow at Pictet Japan, graduated from the Faculty of Economics at Keio University in 1983. After joining Itochu Corporation, he worked in the United States before joining Nomura Investment Trust (now Nomura Asset Management) in 1987 and becoming a fund manager. In 1993, he joined Bunker Trust Bank (now Deutsche Asset Management) and was involved in the management of pensions, investment trusts, hedge funds, etc. as managing director in charge of operations for many years. In 2004, he participated in the establishment of Fisco Asset Management (now Astmax Investment Advisors) as Chief Investment Officer (CIO). In 2012, he became independent. In 2013, he became a member of the Investment Policy Committee of GAIA, and in 2021, he became a visiting fellow at Pictet Asset Management. #US Stocks #Japanese Stocks #Foreign Exchange #NISA #Stocks #RyosukeOkazakiThe content introduced in the video is current at the time of creation and may be revised or changed without notice. Please note that the content may not be the latest. Examination number: 20250109-3A5325