Japan Tokyo Core Consumer Price Index (YoY) (July) 3% Vs. 2.9% Est.; 3.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Tokyo Core Consumer Price Index (YoY) for July was reported at 3%, slightly above the estimated 2.9% and below the prior figure of 3.2%.
July 28, 2023 | 4:25 am
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NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) may be impacted by the slight increase in Japan's Tokyo Core CPI, as it reflects the economic conditions in Japan.
The Tokyo Core CPI is a key indicator of inflation in Japan. A higher than expected reading can be positive for the yen, as it could lead to tighter monetary policy. As EWJ tracks the investment results of an index composed of Japanese equities, any significant changes in Japan's economic indicators could potentially affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75