Japan Trade Balance For August -930.5B Vs. -659.1B Est.; -66.3B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's trade balance for August was reported at -930.5 billion, significantly worse than the estimated -659.1 billion and the revised prior figure of -66.3 billion.
September 20, 2023 | 4:21 am
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NEGATIVE IMPACT
Japan's worse than expected trade balance may negatively impact BBJP.
BBJP, being a broad Japan ETF, is likely to be negatively impacted by worse than expected economic indicators such as the trade balance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Japan's worse than expected trade balance may negatively impact DXJ.
DXJ, being a Japan ETF hedged against the USD, is likely to be negatively impacted by worse than expected economic indicators such as the trade balance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Japan's worse than expected trade balance may negatively impact EWJ.
EWJ, being a broad Japan ETF, is likely to be negatively impacted by worse than expected economic indicators such as the trade balance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80