Top holdings at present include Toyota Motor Corp (ADR) (NYSE: TM ) and Japan Tobacco Inc (OTCMKTS: JAPAF ). "As we continue to observe both Japan's commitment to the goal of ending deflation in addition to any new policies that evolve aimed at stimulating economic growth, we continue to believe that investors exposed to the yen may not be able to fully realize the equity market's potential gains," sponsor WisdomTree says . Japan makes for one of the ideal markets for currency-hedged ETFs because the country's export-driven economy, the world's third-largest, prefers the yen to be weaker.