Japan's Kishida, On China, Says Will Cooperate With Regard To Common Challenges
Portfolio Pulse from Happy Mohamed
Japan's Prime Minister Fumio Kishida has stated that Japan will cooperate with China on common challenges. The statement was made in the context of increasing geopolitical tensions in the Asia-Pacific region.
August 18, 2023 | 7:45 pm
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NEUTRAL IMPACT
The announcement by Japan's PM may impact the iShares MSCI Japan ETF (EWJ) as it reflects the country's geopolitical stance.
The announcement reflects Japan's geopolitical stance, which could influence investor sentiment towards Japanese assets, including the EWJ ETF. However, the exact impact is uncertain as it depends on the nature of the cooperation and the response from other geopolitical actors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The announcement may also impact the iShares China Large-Cap ETF (FXI) as it indicates a potential shift in Japan-China relations.
The announcement could influence investor sentiment towards Chinese assets, including the FXI ETF. However, the exact impact is uncertain as it depends on the nature of the cooperation and the response from other geopolitical actors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70