[Foreign] Japan Stocks Part II

Earlier in January we introduced some blue chips stocks from a rebounding economy - Japan. Since then stocks like electronics giant Sony(SNE) has gained 12.98% (from $41.99 to $47.44) while automaker Nissan has added 11.35% (from $20.88 to $23.25).

Here are some more Japan stocks that you may want to take a look at:

• Matsushita Electric Industrial Co. (MC): most people probably don't know what Matsushita is. However its North America company - Panasonic is very well known as the brand fills the family room with its home entertainment system and bedroom with its stereo system. The stock is trading near 52 week high of $21.46 per share, up more than 40% from a year ago.
• Internet Initiative Japan Inc. (IIJI): the Tokyo based ISP(Internet Service Provider) company offers dial-up and high speed Internet access in Japan. Last Friday at the 10th of February the company announced its 2005 third quarter earning of $100.7 million, up 15.7% from same quarter of previous year and net income of $10.1 million, up 80.3% from 2004. After soaring from $3 to $13 per share in one month last May the stock has been trading near the $10 range. The stock is currently trading at P/E ratio of 20.42 at $10.27 per share.
• Nippon Telegraph & Telephone Corp. (NTT): the Tokyo based telecom firm fofers fixed line and mobile voice services in Japan. The company generates revenue of $91.23 billion with income of $4.16 billion compare to revenue of $75.11 billion of Verizon. The stock is relatively cheap, currently trading at $21.6 with P/E ratio of 7.58 compare to industry average of 15.65.