Japan: Looking Like a Good Bet Again
Shares of exporters are attractive, says Ishibashi.
A solid winner is Nintendo, the video game powerhouse. Young people around the globe are lined up to buy Nintendo's Wii console, which makes it possible to play realistic versions of golf and tennis. “Nintendo is outselling its game competitors, including Sony,” says Dan Lefkovitz, a Morn-ingstar analyst.
Another impressive exporter is Toyota Motor. The auto giant already controls 40% of the Japanese market; it continues to make big gains here and in emerging countries. In the
Ishibashi is also keen on financial firms and other companies that depend on the strength of
Now that the economy is improving, more consumers are moving their money into mutual funds and other stock vehicles. That is good news for money managers, says Ishibashi. He recommends Sumitomo Trust and Banking Co., which oversees portfolios for wealthy families. Sumitomo also offers mutual funds for middle-income households. Assets under management are growing rapidly as the Japanese regain their appetite for stocks.