A Mainichi Daily News article reported that foreign investor ownership of Japanese shares traded on the Tokyo Stock Exchange has topped 30%. That is up from 20% back in March. These past 6-months we have witnessed a 27% gain in the Nikkei 225, which can be credited to the large influx of foreign buying.
There are now 103 domestic companies owned 30% or more by foreign investors. The number of half-owned or more stands at 11, including Canon Inc. (ticker: CAJ), the world's largest maker of digital cameras and copiers, which also has ADRs.
Fanuc Ltd., an industrial robot maker, Ricoh Co., an electronics company, and Sumitomo Corp., a trading house, have all hit all-time highs in foreign ownership at over 30%. All three of these companies are components of iShares Japan Index (ticker: EWJ).