Japan's Nikkei gained 23% in 2012, its best gain since 2005, but the popular EWJ is up just...

|By:, SA News Editor

Japan's Nikkei gained 23% in 2012, its best gain since 2005, but the popular EWJ is up just 6.3%, thanks to a declining yen (FXY -11.3%). The DXJ - hedged against currency fluctuations - is up 16.5% YTD. Another hedged fund, DBJP +20.5% YTD.