Additionally, with the sales tax weighing on the economy, 73% of respondents believe the government should create new stimulus measures if they want to proceed with a further sales tax hike to 10% from 8%. [Why Japan ETFs Have Been Unable to Breakout]

Looking at EWJ’s allocations, consumer discretionary is the ETF’s largest sector component at 20.8%, followed by industrials at 20.2%.

iShares MSCI Japan ETF

For more information on Japan, visit our Japan category.

Max Chen contributed to this article.