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.