iShares MSCI Japan ETF (EWJ) perpetual market

EWJ is the iShares MSCI Japan ETF, an exchange-traded fund managed by BlackRock's iShares that tracks a market-capitalization-weighted index of large and mid-sized Japanese companies. Launched in 1996 as the first Japan-focused ETF for United States investors, it gives international holders a single dollar-denominated instrument for broad exposure to Japanese equities, covering a substantial share of the country's investable market. Its holdings span Japan's major exporters, industrials, financials, technology and consumer names, with large positions in companies such as Toyota, Mitsubishi UFJ Financial Group and Hitachi. Because the fund is priced in dollars while its underlying shares trade in yen, its returns reflect both stock performance and the dollar-yen exchange rate. EWJ remains one of the most widely used vehicles for trading the Japanese market from abroad, moving with global trade conditions and the technology cycle.