Japan Exports (YoY) June 1.5% Vs. 2.2% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's year-on-year exports for June increased by 1.5%, which is lower than the estimated 2.2% but higher than the previous 0.6%.
July 20, 2023 | 3:57 am
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NEGATIVE IMPACT
The lower than expected increase in Japan's exports could potentially impact the performance of the iShares MSCI Japan ETF (EWJ).
The iShares MSCI Japan ETF (EWJ) tracks the performance of the Japanese market. Therefore, any significant changes in the country's economic indicators, such as exports, could potentially impact the ETF's performance. In this case, the lower than expected increase in exports could signal a slower economic growth, which might negatively affect the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75