Reported Late Thursday, Japan Household Spending (YoY) For August -2.5% Vs. -4.3% Est.; -5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for August was reported late Thursday, showing a decrease of 2.5% year-on-year. This is an improvement from the estimated -4.3% and the prior -5%.
October 06, 2023 | 4:44 am
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POSITIVE IMPACT
Japan's improved household spending data may positively impact BBJP, as it tracks the Japanese market.
BBJP tracks the Japanese market, and an improvement in household spending indicates a potential strengthening of the economy, which could lead to a positive impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The improved household spending data in Japan may have a positive impact on DXJ, an ETF that tracks Japanese equities.
DXJ tracks Japanese equities, and an improvement in household spending indicates a potential strengthening of the economy, which could lead to a positive impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks the Japanese market, may be positively impacted by the improved household spending data in Japan.
EWJ tracks the Japanese market, and an improvement in household spending indicates a potential strengthening of the economy, which could lead to a positive impact on the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80