MSCI Japan Index
The MSCI Japan index tracks large- and mid-caps of the Japanese equity market, covering roughly 85% of its market capitalization.
The ten largest holdings make up 29.9% of the MSCI Japan, out of 167 holdings in total; the largest sector is Industrials at 24.6% (as of Oct 30, 2026).
Composition – 50 Largest Holdings
Based on: Xtrackers MSCI Japan UCITS ETF 1d · as of Oct 30, 2026 · 167 holdings
| # | Stock | Ticker | Sector | Country | Weight |
|---|---|---|---|---|---|
| 1 | Mitsubishi UFJ Financial Group Inc. | 8306 | Financials | Japan | 4.43% |
| 2 | Toyota Motor Corp. | 7203 | Consumer Discretionary | Japan | 3.56% |
| 3 |  Advantest Corp. | 6857 | Information Technology | Japan | 3.14% |
| 4 | Recruit Holdings Co. Ltd. | 6098 | Industrials | Japan | 3.06% |
| 5 |  Hitachi Ltd. | 6501 | Industrials | Japan | 3.06% |
| 6 | Sony Group Corporation | 6758 | Consumer Discretionary | Japan | 2.83% |
| 7 | Sumitomo Mitsui Financial Group Inc. | 8316 | Financials | Japan | 2.82% |
| 8 |  Tokyo Electron Ltd. | 8035 | Information Technology | Japan | 2.68% |
| 9 | Mizuho Financial Group Inc. | 8411 | Financials | Japan | 2.18% |
| 10 |  Softbank | 9434 | Communication Services | Japan | 2.14% |
Show holdings 11 to 50
Kioxia Holdings Corporation 2.03%
Keyence Corporation 1.84%
Tokio Marine Holdings Inc. 1.83%
Mitsubishi Corporation 1.82%
Fast Retailing Co. Ltd. 1.65%
Itochu Corporation 1.58%
Mitsui & Co.Ltd 1.46%
Mitsubishi Heavy Industries Ltd. 1.40%
Murata Manufacturing Co. Ltd. 1.33%- Takeda Pharmaceutical Co. Ltd. 1.24%
Shin-Etsu Chemical Co. Ltd. 1.21%
Mitsubishi Electric Corp. 1.12%
Nintendo Co. Ltd. 1.12%
Hoya Corp. 1.09%
Panasonic Holdings Corporation 1.09%
KDDI Corporation 1.00%
Japan Tobacco Inc. 0.99%
Fujitsu Limited 0.93%
Sumitomo Corporation 0.88%
Marubeni Corporation 0.85%- Softbank 0.82%
NEC Corporation 0.80%- Honda Motor Co. Ltd. 0.79%
- ORIX Corporation 0.78%
MS&AD Insurance Group Holdings Inc. 0.76%
Fujikura Ltd 0.76%
Daiichi Life Group. Inc. 0.76%
Komatsu Ltd. 0.72%- Sompo HoldingsInc. 0.70%
Fanuc Corporation 0.68%
Japan Post Bank Co. Ltd. 0.66%
Daikin Industries Ltd. 0.66%
Renesas Electronics Corporation 0.66%- Sumitomo Electric Industries Ltd. 0.65%
TDK Corporation 0.65%
NTT Inc 0.64%
Otsuka Corp. 0.63%
Toyota Tsusho Corp. 0.58%
Resona Holdings Inc. 0.57%- Disco Corporation 0.56%
Sectors
Countries
MSCI Japan Price Chart
The chart shows daily closing prices and is set to the current year by default. The price is up 17.6% year to date and up 14.1% over twelve months. The last recorded close on October 29, 2026, was at 78% of the 52-week range.
Price series from our database since Aug 2, 2024, 563 daily values.
MSCI Japan Performance
| Year to date | +17.6% | 1 month | -1.6% |
|---|---|---|---|
| 3 months | +1.8% | 1 year | +14.1% |
| Calendar year 2025 | +20.3% |
MSCI Japan Index Funds and ETFs
ETFs Tracking This Index
Next Events
Technical Analysis: MSCI Japan
Risk Metrics
Correlations (90 Trading Days)
| Instrument | r | −1 … +1 |
|---|---|---|
| MSCI ACWI | +0.82 | |
| MSCI World ex USA | +0.82 | |
| MSCI Emerging Markets | +0.78 | |
| Altria Group Inc. | -0.51 | |
| Arch Capital Group Ltd. | -0.45 | |
| Waste Management Inc. | -0.44 |
The strongest co-movers are listed at the top, the strongest inverse movers at the bottom. Low or negative correlations can help spread risk more broadly across a portfolio.
