To: Clappy who wrote (19 ) 2/17/2007 9:36:31 AM From: Clappy Read Replies (1) | Respond to of 25 "Japan, the world's second largest economy, continues to recover nicely from its epic recession. It also continues to benefit from its location. The iShares MSCI Japan Index (NYSE:EWJ) covers nearly the entire market capitalization of the Japanese markets, but the ETF correlates most closely with the Nikkei 225 (Japan's equivalent to our S&P 500). "Its top holdings include stocks such as Toyota Motor (NYSE:TM) and Sony (NYSE:SNE). Blue chips in the land of the rising sun haven't always risen; but I think there time has come. "The S&P/Tokyo Stock Price Index TOPIX 150 Index, which is a market cap weighted index, including companies in the first section of the Tokyo Stock Exchange, and to invest in this index one would buy the iShares S&P/TOPIX 150 (AMEX:ITF) "Its top holdings also include Toyota, Mitsubishi UFJ Financial (NYSE:MTU), and Honda (NYSE:HMC). While this ETF is far more concentrated than the EWJ above, it enables investors looking for a pure slug of Japanese large-cap companies to get it. "Within Japan, the small-cap area is one I like more than most others; small-cap companies in an established international market. Seeking investment results that correspond to the Russell/Nomura Japan Small Cap TM Index (made up of small-cap companies from the Japanese market) is the streetTRACKS Russ/Nom SmallCap Japan (AMEX:JSC). "Hunting for dividend yielders among this broad group helps to mollify some of the volatility inherent in the group. We recommend the WisdomTree Japan Total Dividend Fund (NYSE:DXJ) This index measures the performance of dividend paying companies on the Tokyo stock exchange. "Companies are weighted by annual cash dividend payments. And among its top holdings are NTT Docomo (NYSE:DCM) and Nippon Telegraph and Telephone (NYSE:NTT)."bloggingstocks.com