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Mike PhilbrickiShares Japan ETFEWJBUYSep 17, 2020

Institutional starting place for exposure to Japan. If you don't want exposure to the yen, use the DXJ. He'd choose EWJ and accept the currency as part of the total return. You might also look at the smaller cap ETFs for the long-term.

Mike Philbrick

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Stock price when the opinion was issued

$92.80

As of Jun 26, 2026. Market Open.

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TOP PICK

Japan is coming out of a long bear market and has performed consistently over the past year along with the yen stabilizing. Warren Buffet has been buying over the past year. There are lots of industrial, including electronics companies, as well as financials in its holdings. It is a good way of diversifying your portfolio.

BUY

The Yen will remain suppressed while valuations won't be as demanding in Japan as in parts of the US market.

BUY

Great option for Japan oriented investors.
Low valuations presenting buying opportunities.
Lower risk with under valued assets.
DXJ (hedged equity fund) also a good option.

HOLD

Covers largest cap Japanese stocks.
Good for Japan equity exposure.
If bullish Japan - good product.
EFJA - better option for Canadian investors.

WEAK BUY

Allan Tong’s Discover Picks A reliable and efficient way to get a piece of Japan’s rally is this tried-and-true ETF that trades in New York. EWJ stock carries US$11.59 billion in assets, trades at only a 5.32x PE and charges an 0.51% MER. Last Friday, it jumped 2.84% to a new high of $71.82 and changed hands at nearly three times its normal volumes. EWJ holds (in order of size) Toyota, Sony, Keyence and SoftBank with Nintendo down the list. EWJ tracks the MSCI Japan index. Read 3 Recovering Stocks to Consider for our full analysis.

BUY

Japan is rallying after their PM resigns This is an easy way to take advantage of this rally in Japan and benefits from currency movements. In Japan, industrial, services, real estate and financials are hot sectors that'll benefit from government stimulus. Today's Japanese rally--sparked by their PM's resignation--is a huge deal.

STRONG BUY

See also his comments today about Japan's PM resigning and the effect on the Japanese market. What's happening here is huge! Impactful. EWJ offers Japanese stock exposure and long yen exposure.

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It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

However, the consensus from the OECD to Deloitte to Scotiabank believe that vaxxes and a strong manufacturing sector will drive Japan's recover late this year. It'll soon be Japan's time to shed Covid and shine. If you don't know which Japanese companies to invest in, then EWJ is a handy alternative. Toyota, Sony, SoftBank, Mitsubishi and Nintendo are among the top holdings. EWJ pays a 1.13% dividend and charges a slightly high 0.51% MER. A plus is that volumes are typically six million per day, so it's fairly steady. Also, the PE is only 5x.

BUY

Charges a high 0.49% MER. EWJ is one of the earliest ETFs. Japan will do well in 2021; the Yen will grow as will Asia in general. It's a call on industrial and financial Japan that will continue to do well. Japan is the #2 or #3 player in the world, remember. Also: AEFE is an indirect way to play Japan at a lower MER.

BUY

He likes this a lot. When you think about diversifying and what other areas of the world to get involved in, Japan is a different economy. It is one of the largest economies in the world and is generally under owned. EWJ-N is breaking out to new highs. The bank of Japan owns a lot of Japanese ETFs.

SELL

SCJ-N It's closing in on a short-term top. Reward yourself and sell it, given past resistance levels.

COMMENT

vs. EWY (Korea) Japan is where many have made big mistakes, getting too bullish, too early. He struggles with its demographics and GDP, but tailwinds include nobody believes in it anymore. Better to look at SCJ-N (small caps) which trades below book value. Catalysts in Japan include a major fiscal stimulus. He prefers EWY (South Korea)--see top picks, which has been caught in the US-China trade war.

PAST TOP PICK

(A Top Pick Feb 26/18 - Down 9%) Still believe in it. He is seeing inflation perk up, some structural reform and the ROE is the higher than in many areas of the world.

TOP PICK

Japan has been a tough place to invest for three decades. The difference between past rallies and the current one is that now the Yen is very cheap, and Japan is very export-oriented. The catalyst will be inflation. EWJ has been soaring and he's been very bullish on it.

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Mike PhilbrickiShares Japan ETFEWJBUYSep 17, 2020

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