5 Best Japanese Stocks to Buy Right Now

​4. Toyota Motor Corporation (NYSE:TM)

Market Capitalization: $226.47 Billion

Number of Hedge Fund Holders: 20

​Toyota Motor Corporation (NYSE:TM) is one of the best Japanese stocks to buy right now. On April 16, Toyota Motor Corp (NYSE:TM) announced a strategic collaboration with Isuzu Motors Limited to mass-produce a light-duty fuel-cell electric truck.

Production is to begin in fiscal year 2027, and the light-duty truck is to be based on Isuzu’s ELF EV battery truck, launched in 2023. It will also incorporate Toyota’s third-generation fuel cell system, with both companies working on a system that ensures compatibility for commercial vehicle operation. The companies are also seeking to reduce costs through optimized vehicle body structures.

Toyota and Isuzu are working on a light-duty truck as they have become popular for deliveries to supermarkets and convenience stores that require long operating hours and multiple daily trips. By working on a fuel-cell electric truck, the companies seek to take advantage of high-utilization applications, including shorter refueling times.

​Toyota Motor Corporation (NYSE:TM) is a global leader in the automotive industry, designing, manufacturing, and selling a wide range of passenger cars, trucks, and commercial vehicles under the Toyota, Lexus, and Daihatsu brands.