Japan Tankan Big Manufacturing Outlook Index For Q3 10 Vs. 5 Est.; 9 Prior
Portfolio Pulse from Benzinga Newsdesk
The Japan Tankan Big Manufacturing Outlook Index for Q3 has come out at 10, beating the estimate of 5 and the prior figure of 9. This indicates a more positive outlook for large manufacturers in Japan than expected.
October 02, 2023 | 4:55 am
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POSITIVE IMPACT
The positive outlook in Japan's manufacturing sector could potentially benefit BBJP, an ETF that tracks the performance of Japanese equities.
BBJP tracks the performance of Japanese equities. A positive outlook in the manufacturing sector, a significant part of the Japanese economy, could potentially lead to an increase in the value of these equities, and thus BBJP.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The positive outlook in Japan's manufacturing sector could potentially benefit DXJ, an ETF that tracks the performance of Japanese equities, hedged against the USD.
DXJ tracks the performance of Japanese equities, hedged against the USD. A positive outlook in the manufacturing sector, a significant part of the Japanese economy, could potentially lead to an increase in the value of these equities, and thus DXJ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The positive outlook in Japan's manufacturing sector could potentially benefit EWJ, an ETF that tracks the performance of publicly traded companies in the Japanese market.
EWJ tracks the performance of publicly traded companies in the Japanese market. A positive outlook in the manufacturing sector, a significant part of the Japanese economy, could potentially lead to an increase in the value of these companies, and thus EWJ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70