Although the Japanese exchange traded funds (ETFs) did not perform as well as other markets across the globe, Carl Delfeld for ETF XRay writes that Japan still remains a world market. Japan trades at a premium to other markets and is still below its peak in 1989 (Nikkei 38,916). But it continues to rise above the low reached in 2003 (Nikkei 7,600). The general consensus is the Japanese economy will continue its steady upward growth which will lead to a stronger yen, boosting returns for global ETF investors.
iShares MSCI Japan (EWJ) and iShares S&P Topix (ITF) are up about 2% year-to-date.
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.