Is Japan an investable market with the yen going up and CAD going down? Avoid the “big uglies” like Sony and Panasonic, which have lost touch with the consumer. Third largest economy in the world, 4th largest exporter. Everyone has exposure to Japan. Best in class electronics, they shine at manufacturing equipment, and they’re long-term thinkers. Owns about 24 stocks, not just the single stock risk of 1 or 2. Problem for investors is most trade just in Japan.

Don’t avoid the Japanese market, only the big names that have failed. They work and think long-terms, so it’s good to be diversified there.