The Bank of Japan has also increased its quantitative easing commitment, raising its short-term Japanes government bond purchases to 375 billion yen, or $3.1 billion, of one-year to three-year JGBs at its first operation in April, up from 300 billion yen in March, Reuters reports. [Aggressive Easing Sustains Japan ETFs]

Nevertheless, there might be some growing pains along the way.

“From April to September, Greek debt issues, a U.S. interest rate hike and uncertainty over the European Central Bank’s policy could pressure the stock market, and the Nikkei may move a little lower than the current levels before it rises again,” Yoshinori Shigemi, a global market strategist at JPMorgan Asset Management, warned.

WisdomTree Japan Hedged Equity Fund

For more information on Japan, visit our Japan category.

Max Chen contributed to this article.