Japan Adjusted Current Account For July 276.69T Vs. 2.24T Est.; 234.59T (Revised) Prior; Current Account n.s.a. For July 2.772T Vs. 2.295T Est.; 1.509T (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's adjusted current account for July was reported at 276.69T, significantly higher than the estimated 2.24T and the revised prior figure of 234.59T. The non-seasonally adjusted current account for July was 2.772T, also surpassing the estimated 2.295T and the revised prior figure of 1.509T.
September 08, 2023 | 4:10 am
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POSITIVE IMPACT
The higher than expected current account figures in Japan may positively impact the BBJP ETF, which tracks Japanese equities.
BBJP tracks Japanese equities and a stronger current account suggests a healthier economy, which could lead to stronger performance of Japanese equities and thus the BBJP ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The DXJ ETF, which tracks Japanese equities hedged against the USD, may also benefit from the stronger than expected current account figures in Japan.
DXJ tracks Japanese equities hedged against the USD. A stronger current account suggests a healthier economy, which could lead to stronger performance of Japanese equities and thus the DXJ ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The EWJ ETF, which tracks a broad range of Japanese equities, may see positive impact from the stronger than expected current account figures in Japan.
EWJ tracks a broad range of Japanese equities. A stronger current account suggests a healthier economy, which could lead to stronger performance of Japanese equities and thus the EWJ ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80