Japan Trade Balance June 43.0B Vs. -46.7B Est.; -1,381.9B Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's trade balance for June was reported at 43.0B, significantly better than the estimated -46.7B and the prior figure of -1,381.9B.
July 20, 2023 | 3:59 am
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POSITIVE IMPACT
The iShares MSCI Japan ETF (EWJ) may be impacted by the positive news on Japan's trade balance, as it reflects the performance of the Japanese economy.
The iShares MSCI Japan ETF (EWJ) tracks the investment results of an index composed of Japanese equities. Therefore, any significant news about the Japanese economy, such as the trade balance, can have a direct impact on the ETF. In this case, the better-than-expected trade balance is positive news and could potentially lead to an increase in the ETF's value in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80