Stock trends like this are expected to continue for Japanese exporters as long as Bank of Japan is able to move forward with its stimulus programs, with the intention of ending 15 years of deflation in consumer prices. This month's G7 meeting supports this outlook, as Japan managed to avoid peer criticism and public censure despite the clear results its reflationary policies are having on its currency values. A weaker yen means broader support for Japanese export companies, and a bullish bias should be attached to this sector for the remainder of the year.
At the time of publication the author held no positions in any of the stocks mentioned.
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