Japan's Government Cuts Growth Forecast, Sees Inflation Exceeding Bank Of Japan's Target
Portfolio Pulse from Benzinga Newsdesk
The Japanese government has cut its growth forecast and predicts inflation to exceed the Bank of Japan's target. This could impact the performance of the iShares MSCI Japan ETF (EWJ).
July 20, 2023 | 7:41 am
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The iShares MSCI Japan ETF (EWJ) could be negatively impacted by the Japanese government's revised growth forecast and inflation prediction.
The iShares MSCI Japan ETF (EWJ) tracks the performance of the Japanese stock market. The government's cut in growth forecast and prediction of higher inflation could lead to a downturn in the Japanese market, which would negatively impact the performance of EWJ.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100