Japan Industrial Production (MoM) (June) 2% Vs. 2.4% Est.; -2.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for June increased by 2%, which is lower than the estimated 2.4% but higher than the previous month's -2.2%.
July 31, 2023 | 5:05 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The lower than expected industrial production growth in Japan may negatively impact BBJP in the short term.
BBJP, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected growth may signal a slower economic recovery, potentially leading to a decrease in BBJP's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lower than expected industrial production growth in Japan may negatively impact DXJ in the short term.
DXJ, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected growth may signal a slower economic recovery, potentially leading to a decrease in DXJ's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lower than expected industrial production growth in Japan may negatively impact EWJ in the short term.
EWJ, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected growth may signal a slower economic recovery, potentially leading to a decrease in EWJ's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80