Japan’s economy is on the rebound and so are the markets. The broadmarket TOPIX index reached a five-year high today, largely due to earnings optimism for major banks. The economy is looking to be in shape and companies seem to have addressed structural problems.
Morningstar reports that the Japan funds category was the 8th most popular category as far as inflows in September. The exchange traded fund, iShares MSCI Japan Index EWJ, is one of the most heavily traded ETFs.
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