3000萬NISA帳戶,三菱重工訂單暴增至15萬億！高市早苗13.9萬億計劃引爆ESG資金倒戈，防務巨頭單週暴漲30%！1200公里導彈群島封鎖宮古海峽，日美聯合指揮體系啟動，這是二戰後最大地緣重組！ – Transcript

00:00Officials are refusing to admit the truth. You have to hand it to the CCP. They've managed to single-handedly revitalize an entire nation. I had some free time this weekend and was browsing a data website, and what I found was absolutely shocking. In February 2026, the total number of new NISA accounts in Japan surpassed 30 million. What are these accounts actually for?

00:16They're designed for small-scale tax-free investments in Japan, meaning one in every four Japanese people now owns a NISA account, with cumulative purchases approaching 85 trillion yen. The most terrifying part isn't just this absolute figure, but the slope, it surged from 63.1 trillion yen in 2025 to 85 trillion yen.

00:32This massive increase of over 20 trillion yen happened in just the last eight months. In other words, it was dumped into the Japanese market as the calls for constitutional amendment and to Keiichi's election campaign gained momentum. Back in 2024, the Japanese public was still buying broad market indices, but by 2026, domestic mutual fund inflows showed an extreme barbell distribution.

00:51Conservative capital went into high dividend bank stocks, while aggressive capital poured into defense and semiconductor sectors. These 30 million accounts prove one thing. The CCP has reignited this country, and Japanese nationalism is making a comeback. You could say that in this ideological reshaping, Xi's role is comparable to MacArthur's reconstruction of Japan in the 1940s, and now the entire geopolitical landscape of East Asia is being reshaped.

01:17As soon as Sinei Takeichi took office on the 18th, she rolled out a 13.9 trillion yen stimulus package, allowing defense contractors to complete a violent pivot from market speculation to national order realization, instantly elevating Mitsubishi heavy industries from a hot stock to a strategic national pillar. The 72% gain in 2025 was just an appetizer.

01:35Entering February 2026, with the Takaiichi cabinet signaling a clear expansion in defense spending, Mitsubishi's order backlog soared from 12 trillion to 15 trillion yen, causing investment banks to accelerate the expected two-year timeline for doubling their revenue to 1 trillion yen down to just 18 months.

01:50Amidst Takeichi's election, Mitsubishi heavy industries saw historic weekly capital inflow, with its stock price soaring again from its 2025 highs, marking a nearly 30% gain in just the first two months of the year. Next, let's talk about Mitsubishi Electric. This stock completely stunned the market makers, skyrocketing 20% within a week of Takeichi's election. What fueled this acceleration? It lies in the derivatives market spiraling out of control. In the February 2026 trading sessions, the implied volatility of the call options on Mitsubishi Electric reached unprecedented levels.

02:18Setting a historic record, retail investors were not just buying the underlying stock but also options, essentially forcing a squeeze. Forcing what? Exactly, it forced market makers to hedge with the underlying stock, the Gamma Squeeze, which directly triggered an upward scramble in micro liquidity, known as this Gamma Squeeze. As I mentioned in my previous show, their profits are also experiencing a non-linear explosion. In fact, in 2025, IHI's earnings had already doubled, reaching 123.1 billion yen, by early 2026, due to Japan placing a large volume of joint US-Japan R&D and aerospace defense orders

02:45ahead of schedule. E-IS 2026 fiscal profit forecast was upwardly revised to over 180 billion yen. Capital now prices IHI completely detached from any traditional models, no longer valuing it as a machinery manufacturer, but rather applying the valuation framework of a core supplier for geopolitical conflicts. Why has such a bullish trend emerged this month?

03:04Let me tell you just how exaggerated it is. Even ESG funds are rushing in to join the frenzy, so-called ESG funds are what the capital world labels as politically correct capital, referring to those claiming to invest only in morally upright, environmentally friendly, and socially beneficial companies. These include institutions with massive capital, such as the world's largest sovereign wealth fund, the government pension investment fund of Japan, which is an ESG fund, along with those in the west managing tens of trillions of dollars.

03:26Defense sector public offerings and pension funds are basically all ESG-driven. In the past, many of Japan's massive institutional funds, like the pension fund, were restricted by pacifist laws and ESG mandates, which resulted in a severe underweighting of defense and military stocks. Takei's assent and the push for constitutional amendment have legally unchained these institutions. Retail investors have already driven defense stocks through the roof.

03:46Now, institutional capital, including ESG funds, has started buying into the defense sector since early 2024 to avoid missing out, engaging in panic buying to cover positions at highs. Effectively, institutions are being squeezed by retail investors. The government pension investment fund, GPIF, of Japan is the world's largest pension fund, with total assets exceeding 240 trillion yen, roughly 25%, or about 60 trillion yen, is allocated to the domestic Japanese stock market, and its core strategy is passive index investing. In the past, defense stocks were suppressed by ESG-focused institutions, so their weighting in core broad-based indices like Topics was extremely low,

04:16accounting for less than 0.5%. However, from 2024 to 2025, retail investors pushed the share prices of companies like Mitsubishi Heavy Industries up by 150% to 200%. As the market cap of these defense firms soared from 4 trillion yen to over 10 or even 12 trillion yen, reaching the top 10 by total market value in Japan, their weight in the Topics index saw an exponential surge. After Prime Minister Ishiba was re-elected in Japan reshaped its political landscape, the restrictions imposed by ESG mandates were effectively lifted, therefore, to track the index without creating tracking errors, funds are forced to buy in

04:45mechanically and regardless of cost, even at these elevated levels. I did a quick calculation. If the defense sector's weight in the Japanese pension fund portfolio rises from 0.5% to around 3%, it means the GPIF alone would be forced to inject 1.5 to 2 trillion yen of pure incremental liquidity into defense stocks within a few short months between late 2025 and early 2026, and it gets even more interesting. Previously, nearly 70% of European ESG funds had zero exposure to Japanese defense stocks by early 2026 to avoid missing out on Japan's military

05:15expansion, specifically the 13.9 trillion yen stimulus plan. Over 20% of ESG funds have started including Japanese defense stocks in their major holdings. Taking Mitsubishi Heavy Industries as an example, the proportion of foreign ownership saw a marginal surge from 5% to 8% in a very short time, which means hundreds of billions of yen in fake ESG capital from overseas is continuously flooding into the sector. ESG is touted as vegetarian investing, but this whole thing is just a narrative, no different from the CCP talking about socialism with Chinese characteristics. Then, in early 2026, a brutal bull market stampede formed,

05:43sweeping through all the sell orders on the micro-level order book, the absolute amount of this institutional covering, combined with domestic passive funds and a shift in overseas ESG capital during the critical window from the second half of 2025 to early 2026, is conservatively estimated at an incremental 3 to 4 trillion yen. Don't people often ask, how does the political landscape reshape the economic ecosystem?

06:02It's because that idiot Xi Jinping, by his own hand, reshaped the capital order of a nation and the world. This leads me to a shocking conclusion. The stability of the 2026 global capital market depends entirely on the efforts of this emperor and the foolish CCP. What is the state of Japan right now? Capital and the state apparatus have begun to mesh with the entire nation using real money to vote for policy and a new order. This is a miracle in world economic history, but in 2026, Japan achieved a perfect alignment between its people,

06:29government, and industry. The Japanese market has coined an important term for these stocks, national policy stocks. Just three military industrial companies secured 30% of total procurement. Goldman Sachs upgraded Japanese stocks to overweight in early 2026, citing the defense, key energy, and shipbuilding have seen structural gains under the guidance of the Japanese government. Looking back at this, when 30 million Japanese retail investors used tax-free accounts to buy military stocks in bulk, post-war pacifism and the national character of business as usual, were replaced by active bets on a national asset expansion cycle.

06:58Who did this? The CCP did it. This is no longer just a vague inclination in public opinion. It is something that can be verified with real money. It reminds me of the American entrepreneurial creed, that high-level chicken soup from American statesman and businessman Dean Alfang. I do not choose to be a common man. It is my right to be uncommon.

07:14Quote, and the ending, with God's help, I did it, right? Looking back now, what God couldn't do, the idiot she did. I don't know if the idiot she can unite the world's proletariat, but he certainly has united the world's capital. Let's take a look at the direction of fiscal expansion and the path of restructuring. In early 2026, Japan's budget hit a record high of 122.3 trillion yen.

07:33The direction of this funding is very clear. A 10-year, 1 trillion yen shipbuilding fund, with a goal of doubling shipbuilding capacity in 10 years to directly expand capacity for the Navy. Over 10 trillion yen has been invested in the semiconductor sector. TSMC's Kumamoto plant has already reached 3 nanometers, and Rapidus' 2 nanometers fab has received 172 billion yen in subsidies. Furthermore, the Japanese government is pouring 400 billion yen into quantum computing, AI, and green energy, while the supplementary budget for defense and diplomacy has increased by 1.7 trillion yen. At the same time, Japan is building two Aegis-equipped destroyers at a total project cost of 783.9 billion yen,

08:02with a displacement of 12,000 tons and 128 vertical launch cells, making them the largest surface warships in Japanese history. The yield on the 10-year government bond has also broken through 1%. By 2026, the cost of the Japanese government's debt servicing is projected to reach 28.2 trillion yen. Japan's current government debt to GDP ratio is 240%, the highest among developed nations.

08:19So, here's the question. While Sunei Tokaichi is firmly against rate hikes, the Japanese economy isn't actually afraid of them. I'll tell you why. Japanese non-financial firms hold over 1 trillion United States dollars in cash, retained earnings have topped 600 trillion yen, and nearly half of Topic's non-financial companies are in a net cash position. This figure shows just how impressive Japan is. The US is at 25%, Europe is at 16%, but Japan is over 50%.

08:40What is this related to? It relates to the PBR reform Japan introduced in 2023. What exactly is this PBR reform? It is the forced distribution of corporate dividends. What has this compelled? In 2024, stock buybacks reached a record 18 trillion yen, almost double the 9.6 trillion yen in 2023, with a massive release of cash flowing primarily into government-designated strategic sectors. Total corporate capital investment hit 100 trillion yen in March 2025, the first time in 32 years, and the Japanese government's goal is to double that to 200 trillion by 2040. Connecting these threads, the Japanese government,

09:08through the reshaping of its political ecosystem, has funneled money from corporate savings, private citizens, and the national treasury in one direction, toward the defense industry. Specifically, this means chips, shipbuilding, and related industries, aligning all capital toward the same objective, not under a state-controlled system, but through spontaneous actions supporting this ideological transformation. You might think that China's sanctions against Japan are about to escalate, but in reality, Japan is not without leverage. Even in terms of economy and resources, Japan holds many cards to keep the CCP in check. After discussing the logic of power,

09:37let's look at how Japan's supply chain is countering the CCP. Let's start with the most important thing — photo-resist. How can we understand what this is? It is an indispensable material in the chip manufacturing process. Without it, chip circuits simply cannot be drawn. The world's top four companies for this product are all Japanese. These four companies account for 70% to 90% of the global market share, and for the most advanced photo-resist used to make cutting-edge chips, one Japanese company alone holds about 95% of the global market share.

10:01How much can China produce on its own? At the extreme end, they can barely manage less than 5%, and for slightly higher end ones, less than 1%. They can't make a single drop of the most advanced type, and the overall localization rate is less than 8%. The CCP bragged that they would hit 40% by 2026. Keep dreaming, you can find anything in your dreams, going from 8% to 40%. What a bold, ridiculous lie to even suggest.

10:16Now, the CCP is hyping up domestic production. To be fair, they have made progress in silicon wafers, which are used to make chips. China's self-sufficiency rate has grown from 5% in 2020 to about half today, but the problem is that these domestic silicon wafers can only be used to make very old, imprecise chips. International manufacturers have long stated clearly that no one uses Chinese-made silicon for advanced process chips because the quality simply doesn't meet the requirements. Then, something particularly funny and ironic happened.

10:40The CCP tried to prove they had made a breakthrough by citing a paper published by Tsinghua University in July 2025, setting everything else aside. Even if that Tsinghua paper were truly brilliant, aren't you still just in the laboratory stage? From the laboratory to the factory is a distance of 18,000 miles, taking at least 5 to 10 years, and while you are making progress, others are moving forward too. Furthermore, regarding export controls, Japan's industrial ministry has tightened regulations four consecutive times. In October 2025, they implemented the largest sanctions in 12 years. Previously, they only restricted sales to rival nations.

11:06Now, selling these chips to places like the EU also requires review. Why? Because they fear someone might use a third country to resell items to China. Japan has directly blocked this path this time. Finally, let's look at some data, and you'll understand how dependent the CCP is on Japanese capacity. In 2024, that is, the year before last, China bought 40% of the world's chip manufacturing equipment. How much did they spend? 41 billion United States dollars, but domestic production accounted for less than 11%. In the single market for lithography technology, the Netherlands' ASML holds 80% of the Chinese market, while Japan's Canon and Nikon hold nearly 20%. China's own companies hold less than 4%,