In the second of our 2026 Outlook episodes, we focus on the year ahead outlook for Japan, which we expect to remain on a recovery path in 2026. Joined by guest speakers Yujiro Goto, Head of FX Strategy, Tomohaki Shishido, Senior Rate Strategist, and Tomochika Kitaoka, Chief Equity Strategist, our Economists share their top views on the economy, the risks to watch out for, and the implications on FX rates and equity markets.