Opportunities for InvestorsWhen looking at Japan's planned programs and their implicit approval by global banking bodies, there are ways for investors to benefit from long term movements likely to follow as a result of expected currency changes. Specifically, this means selling assets that are denominated in Japanese yen. Continued weakness in the yen is expected for the long term, largely propelled by Japanese investors moving out of their domestic currency and into foreign bonds with higher yields. These activities will drive up currency pairs like the USD/JPY, and put selling pressure on yen ETFs like the CurrencyShares Japanese Yen Trust ( FXY), ProShares Ultra Yen ETF ( YCL) and the Proshares Trust II ( YCS).
For investors focused on stocks, Japanese export companies should be an area of interest. The fast-weakening yen improves earnings prospects for companies like Toyota Motors ( TM), Sony ( SNE) and Honda ( HMC). Some of this upside activity has already been seen in Panasonic (the second largest TV manufacturer in Japan), which rallied strongly after releasing forecasts showing the company expects to return to profitability in 2013.