What if you invested $1,000 in Japan (EWJ) in 1996? (Inflation-Adjusted)
EWJ · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionA $1,000 investment in Japan (EWJ) in 1996 grew to $2,082 in nominal terms. But 1996 dollars had 0% more purchasing power than today. After adjusting for cumulative inflation using BLS CPI-U data, the real value of that growth works out to $2,082 in constant 1996 dollars, equivalent to a +2.5% real annualized return.
Nominal final value
$2,082
+108.2% total return
Real value (1996 dollars)
$2,082
+108.2% real total return
Real annualized return
+2.5%
vs. +2.5% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Japan (EWJ) since 1996, values in constant 1996 dollars
| Year | Nominal Value | Real Value (1996 $) |
|---|---|---|
| 1996 | $1,000 | $1,000 |
| 1997 | $749 | $749 |
| 1998 | $706 | $706 |
| 1999 | $671 | $671 |
| 2000 | $993 | $1,947 |
| 2001 | $773 | $1,475 |
| 2002 | $501 | $938 |
| 2003 | $475 | $870 |
| 2004 | $679 | $1,208 |
| 2005 | $747 | $1,285 |
| 2006 | $993 | $1,658 |
| 2007 | $1,021 | $1,654 |
| 2008 | $917 | $1,430 |
| 2009 | $616 | $966 |
| 2010 | $729 | $1,115 |
| 2011 | $821 | $1,207 |
| 2012 | $732 | $1,055 |
| 2013 | $780 | $1,100 |
| 2014 | $897 | $1,247 |
| 2015 | $922 | $1,281 |
| 2016 | $934 | $1,280 |
| 2017 | $1,047 | $1,403 |
| 2018 | $1,320 | $1,716 |
| 2019 | $1,156 | $1,468 |
| 2020 | $1,256 | $1,570 |
| 2021 | $1,474 | $1,754 |
| 2022 | $1,439 | $1,569 |
| 2023 | $1,334 | $1,400 |
| 2024 | $1,537 | $1,567 |
| 2025 | $1,622 | $1,622 |
| 2026 | $2,129 | $2,129 |
Inflation adjustment uses BLS CPI-U annual data, deflated to 2026 dollars. Nominal stock data from Yahoo Finance (split-adjusted closing prices). Real values are expressed in constant 1996 purchasing-power dollars. For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. See our methodology and full disclaimer.