NEW YORK (ETF Expert) -- Several months before Shinzo Abe took office as Japan's prime minister, the pre-ordained leader had expressed a fierce determination to jump start Japan's economy through unconventional monetary policy measures. Like the U.S. Federal Reserve, the Bank of Japan would electronically create yen to acquire less liquid assets, such as government bonds.
Read More: Warren Buffett's Top 10 Dividend Stocks
For a six-month stretch (Nov. 16, 2012-May 15, 2013), Japanese stocks rocketed alongside speculative support for the yen creation trade. WisdomTree Hedged Japan (DXJ) and iShares MSCI Japan (EWJ) logged 67.5% and 41.2%, respectively. In spite of the remarkable run-up, however, Japanese equities flat-lined over the 15 months that followed.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV