Canon One of the Most Popular Japanese Stocks Held by Foreigner Investors (CAJ, EWJ)

Includes: CAJ, EWJ
by: Steven Towns

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).

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