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With this morning's news that Toyota Motor Corp. (NYSE: TM) expects to lose $5 billion in its current fiscal year -- three times more than the $1.6 billion loss it originally predicted, this would hardly seem to be the time to be thinking about investing in Japan. Toyota recently built expensive new factories which now sit idle and it has lost its AAA rating. With this Japanese leader in trouble, why would you consider investing there?

If you think Toyota will survive the current financial crisis, then today's announcement provide an opportunity to own the shares at a half off the price you could have gotten it for a year ago. And here are two other stocks to consider -- one which is doing extremely well and another which is likely to do well when things recover:

  • Nippon Telegraph and Telephone (NYSE: NTT) looks like a winner. It just reported a 69% increase in profit from its mobile communication unit, NTT DoCoMo Inc., and the data communication and computer system development unit, NTT Data Corp., contributed most to the NTT group's profit growth. And at a P/E of 7, the stock looks inexpensive.

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Should you invest in Japan? Three stocks to consider originally appeared on BloggingStocks on Fri, 06 Feb 2009 11:54:00 EST. Please see our terms for use of feeds.

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