Japan Tokyo Core Consumer Price Index (YoY) For August 2.8% Vs. 2.9% Est.; 3% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Tokyo Core Consumer Price Index (YoY) for August was reported at 2.8%, slightly below the estimated 2.9% and the prior 3%. This indicates a slower inflation rate than expected.
August 25, 2023 | 4:08 am
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NEUTRAL IMPACT
The lower than expected inflation rate in Japan may impact the performance of BBJP, an ETF that tracks the Japanese market.
BBJP tracks the Japanese market, and changes in the country's economic indicators, such as inflation, can influence the ETF's performance. However, the impact may not be immediate or direct, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The DXJ ETF, which hedges against fluctuations in the yen, may be affected by the lower than expected inflation rate in Japan.
DXJ is designed to hedge against fluctuations in the value of the yen, and changes in Japan's economic indicators can influence its performance. However, the impact may not be immediate or direct, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The lower than expected inflation rate in Japan may impact EWJ, an ETF that tracks the performance of the Japanese market.
EWJ tracks the Japanese market, and changes in the country's economic indicators, such as inflation, can influence the ETF's performance. However, the impact may not be immediate or direct, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80