As the Japanese yen weakens against the U.S. dollar this year, the dynamics of Japan’s stock market are shifting, creating unique opportunities for investors. So, let’s look at fundamentally sound Japanese stocks Sony Group Corporation (SONY), Mitsui & Co., Ltd. (MITSY), and Honda Motor Co., Ltd. (HMC) that will likely gain from the current currency trends.
Japan’s economy is dealing with a crisis surrounding the nation’s currency, the yen. The currency’s exchange rate has been witnessing a continued slide this year, toughing a 38-year low of around $161 to the U.S. dollar on July 3. However, the yen’s downtrend has reversed lately, after the Bank of Japan’s July 31 decision to increase interest rates.
