Despite the Weakening Yen, Japan's Stock Market Is Outperforming. Here's How to Invest.

The article argues that Japan’s stock market is outperforming despite a weak yen, supported by export strength and solid economic growth. Japan’s market is up about 19% year to date in 2026, ahead of the S&P 500’s roughly 13% gain, with leadership from technology, financials, basic materials, and industrials. A weaker yen has helped exporters such as Toyota, Hitachi, and Sony, while Japan’s economy expanded 2.1% annualized in Q1 and exports rose 11.5% year over year, led by a 29% jump in semiconductor equipment shipments. The main risk highlighted is energy, since Japan imports most of its oil and is vulnerable to higher global crude prices. The piece is broadly bullish on Japanese equities and recommends the iShares MSCI Japan ETF as a way to gain diversified exposure.