More easy money flowing from the Bank of Japan along with additional corporate governance reforms could spur Japanese stocks again in 2016, said Heidi Richardson, head of U.S. Investment Strategy for iShares. 'Japan looks really attractive from a valuation standpoint if you compare it to the U.S. or European marketplace,' said Richardson. 'If we look at the aggressiveness of the quantitative easing and the stimulus from the Bank of Japan I think they are geared for growth this year.' The iShares MSCI Japan (EWJ) was up 9% last year, yet has essentially given back all those gains thus far in 2016, primarily due to the Yen strengthening from 120 to 118 per dollar. The EWJ is not currency hedged, so for investors seeking exposure to Japanese stocks while controlling currency risk, Richardson recommends the recently launched iShares Adaptive Currency Hedged MSCI Japan ETF (DEWJ). 'DEWJ manually adjusts the currency exposure and decides whether you should be hedged or unhedged,' said Richardson. '