Japan BoJ Interest Rate Remains Unchanged At -0.10% Matches Forecast
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan (BoJ) has decided to keep its interest rate unchanged at -0.10%, which matches the forecast. This decision could impact the performance of the iShares MSCI Japan ETF (EWJ).
July 28, 2023 | 4:28 am
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NEUTRAL IMPACT
The decision of the BoJ to keep its interest rate unchanged at -0.10% could impact the performance of the iShares MSCI Japan ETF (EWJ).
The BoJ's decision to keep its interest rate unchanged could have a neutral impact on EWJ. This is because the decision was expected and has already been factored into the price of the ETF. However, any changes in the BoJ's monetary policy could affect the Japanese economy and, by extension, the performance of EWJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80