Japan’s Nikkei blasted above 15,000 reaching a new five-year high at 15,421.60. The market is in a bull trend and investors bought up shipping and construction companies. Japan is the best performer among the world’s major developed markets so far in 2005. After years of corporate restructuring, Japanese company profits are up and both business and consumer confidence are rising steadily.
To participate in the bull run, U.S. investors can purchase Japanese exchange traded funds. iShares MSCI Japan Index (EWJ) is up 14% this year and iShares S&P Topix 150 Index (ITF) is up 14.7% for the year.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.