Japan Household Spending (MoM) For June 0.9% Vs. 0.3% Est.; -1.1% Prior; Household Spending (YoY) For June -4.2% Vs. -4.1% Est.; -4% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for June increased by 0.9% month-on-month, beating the estimate of 0.3% but down from the prior -1.1%. Year-on-year, household spending for June decreased by 4.2%, slightly worse than the estimated -4.1% and the prior -4%.
August 08, 2023 | 3:55 am
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NEUTRAL IMPACT
The better-than-expected MoM household spending could have a positive impact on BBJP, which tracks Japanese equities. However, the worse-than-expected YoY figure may offset this.
BBJP, which tracks Japanese equities, could be positively impacted by the better-than-expected MoM household spending as it indicates a stronger economy. However, the worse-than-expected YoY figure suggests a longer-term economic weakness, which could offset the positive impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The mixed household spending figures could have a neutral impact on DXJ, which tracks Japanese equities but hedges against the yen's movements.
DXJ, which tracks Japanese equities but hedges against the yen's movements, could be neutrally impacted by the mixed household spending figures. The better-than-expected MoM figure suggests a stronger economy, but the worse-than-expected YoY figure indicates a longer-term economic weakness.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The mixed household spending figures could have a neutral impact on EWJ, which tracks a broad range of Japanese equities.
EWJ, which tracks a broad range of Japanese equities, could be neutrally impacted by the mixed household spending figures. The better-than-expected MoM figure suggests a stronger economy, but the worse-than-expected YoY figure indicates a longer-term economic weakness.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75