Japan Industrial Production (MoM) For May -2.2% Vs. -1.6% Est.; 0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for May has decreased by 2.2%, which is worse than the estimated decrease of 1.6% and a significant drop from the 0.7% increase in the previous month.
July 14, 2023 | 4:31 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The worse-than-expected industrial production data may negatively impact BBJP, an ETF that tracks Japanese equities.
BBJP tracks Japanese equities and a decrease in industrial production indicates a potential slowdown in the economy, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The negative industrial production data from Japan may have a negative impact on DXJ, an ETF that tracks Japanese equities hedged against the USD.
DXJ tracks Japanese equities hedged against the USD. A decrease in industrial production could indicate a potential economic slowdown, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The negative industrial production data from Japan may have a negative impact on EWJ, an ETF that tracks a broad range of Japanese equities.
EWJ tracks a broad range of Japanese equities. A decrease in industrial production could indicate a potential economic slowdown, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80