Japan Capital Spending (YoY) For Q2 4.5% Vs. 5.4% Est.; 11% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's capital spending for Q2 came in at 4.5%, lower than the estimated 5.4% and significantly lower than the prior figure of 11%.
September 01, 2023 | 4:58 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF that tracks Japanese equities, may be negatively impacted due to lower than expected capital spending in Japan.
BBJP tracks Japanese equities and a lower than expected capital spending figure indicates a potential slowdown in the Japanese economy, which could negatively impact the performance of Japanese equities and hence BBJP.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that tracks Japanese equities, may be negatively impacted due to lower than expected capital spending in Japan.
DXJ tracks Japanese equities and a lower than expected capital spending figure indicates a potential slowdown in the Japanese economy, which could negatively impact the performance of Japanese equities and hence DXJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks Japanese equities, may be negatively impacted due to lower than expected capital spending in Japan.
EWJ tracks Japanese equities and a lower than expected capital spending figure indicates a potential slowdown in the Japanese economy, which could negatively impact the performance of Japanese equities and hence EWJ.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80