When we talk about japan we count of one of the just about affluent technological and industrial leaders in the world. We think of high-end electronics and highly educated and expertly trained professionals. Throughout the stomach few years, financial eyes have been on the Nipponese computer memory market as it slowly makes its economic recovery. ?Japan?s stock market has been locked in a blanket market since 1989,? (Waggoner, 2004) hitting its peak in January 1990. In 2003, the Tankan cogitation found that ?business confidence had weakened? with much of the appoint on rising oil prices and a stronger hurt. Despite all(prenominal) of this, their stocks have risen 12.4% in 2004 while unemployment fell. Financial analysts as tumesce as reported that Tokyo?s real estate prices were rising.
BBC news reports ?Japan owes its change in fortune to booming trade demand from China.? Toyota, who gets approximately of its sales from the United States have been sightedness higher revenues. To follow through with this positive swing, in meet of 2004 Moody raised Japans debt rating to AA+.
In 1990 the Japanese yen was valued at 160 yen to the US clam. By 1995 it peaked at 80 yen to the US dollar and is currently at 111 yen. In July of 2005, Forbes announced that the Japan storehouse market was trading at a 17-year high. Investors speculate that the stock market will ?continue to outperform the US and most European markets? and the economy will expand moderately. (Hutchinson, 2004)The Japan mogul Fund (NYSE:EWJ) can easily be found on rube! Finance. The blood line?s, which is listed number 13 on Yahoo?s! top 20 list of pecuniary resource to adorn in, top holdings include popular names such as Toyota Motor Corporation, Canon, Honda Motor Company and Sony Corporation. It has done fairly well since its inception in early 1996 until 2002-2003 when it fell in momentum with the rest of the stock market. It has since been gaining ground and fighting its way back to where it once stood.
Historical prices show that the fund is slowly tho surely gaining value and its beta remains moderate with its category. This fund holds no front stretch along or back load fees and no minimum investment. This seems to be a pretty not bad(predicate) investment for those who are looking for long-term turnovers. Investors are stand up by to see if the affects of the U.S.
hurricanes will put any drive on the markets. High oil prices are predicted to crimp consumer expending which will hurt corporate profits.
Works CitedHutchinson, Martin. ?Japan: retrieval at Last.? www.fool.comMay 25, 2004.
?Japan economy ?getting stronger?.? http://news.bbc.co.uk May28, 2004.
?Japanese stock market roars ahead.? http://news.bbc.co.ukJune 7, 2004.
?Japanese holds Rise; buck Higher.? www.in-forum.comSeptember 21, 2005.
?Nikkei tops 13,000 for first time since 2001.? www.tehrantimes.
com. September 21, 2005.
?Retail investors? appoint of Japan stock market trading at 17-yearhigh-report. www.forbes.com July 1, 2005.
?Stock market eyes Japan recovery.? http://news.bbc.co.ukDecember 30, 2004.
Waggoner, John. ?Japanese funds are as hot as wasabi.? www.
usatoday.com. July 7,2004.
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