Exchange-traded funds (ETFs) investing in Japanese stocks have also been affected by the Eurozone debt crisis, ETF Trends reports. The IShares MSCI Japan Index dropped 1.7 percent amid speculation that Greece will default.
Any recovery in Japan is linked to healthy growth in the U.S. and Europe. The Bank of Japan had called for a moderate recovery for the economy by the end of 2011, but the consistent rise of the yen and high energy costs are estimated to be risks to growth.
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