Japan National Core Consumer Price Index (YoY) June 3.3% Vs. 3.3% Est.; 3.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's National Core Consumer Price Index (YoY) for June was reported at 3.3%, in line with estimates and higher than the previous 3.2%.
July 21, 2023 | 3:42 am
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NEUTRAL IMPACT
The reported inflation rate in Japan may impact the performance of the iShares MSCI Japan ETF (EWJ).
The inflation rate is a key economic indicator that can influence the performance of country-specific ETFs like EWJ. While the reported rate is in line with estimates, it's higher than the previous month, which could signal economic changes that may affect the ETF. However, the direct impact on EWJ's performance is uncertain in the short term, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75