Recent events on the Japanese stock market have demonstrated the resilience of the Topix index, which has managed to fully offset losses incurred following Donald Trump's announcement on retaliatory tariffs. This recovery has been fueled by progress in trade negotiations and a slight weakening of the yen, which in turn has increased appetite for riskier assets.

Nomura Asset Management's $8604.T flagship fund, once dubbed the "¥1 Trillion Fund" due to its massive size, is undergoing significant restructuring after years of underperformance. The firm announced plans to merge the Nomura Japan Equity Strategy Fund with its long-standing Nomura Japan Open fund, aiming to address declining returns and regain investor confidence.