China To Lift Ban On Group Travel To Japan As Early As Thursday
Portfolio Pulse from Benzinga Newsdesk
China is planning to lift its ban on group travel to Japan as early as Thursday, according to Nikkei. This could potentially boost tourism and related sectors in Japan.
August 09, 2023 | 11:56 am
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POSITIVE IMPACT
The lifting of the travel ban could potentially boost the Japanese economy and related sectors, positively impacting the iShares MSCI Japan ETF (EWJ).
The lifting of the travel ban could lead to an increase in tourism in Japan, which would boost the economy and related sectors. This could potentially increase the value of the iShares MSCI Japan ETF (EWJ).
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lifting of the travel ban could potentially lead to an outflow of Chinese tourists and related spending from China, which could have a negative impact on the iShares China Large-Cap ETF (FXI).
The lifting of the travel ban could lead to an outflow of Chinese tourists and related spending from China. This could potentially decrease the value of the iShares China Large-Cap ETF (FXI).
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70