Reported Late Monday, Japan Current Account n.s.a. For August 2.280T Vs. 3.091T Est.; 2.772T Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's current account for August was reported late Monday at 2.280T, lower than the estimated 3.091T and the prior 2.772T. ETFs BBJP, DXJ, EWJ, which track Japanese equities, may be impacted.
October 10, 2023 | 5:08 am
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NEGATIVE IMPACT
BBJP, an ETF tracking Japanese equities, may be negatively impacted by the lower than expected current account data from Japan.
BBJP tracks Japanese equities and a lower than expected current account data from Japan indicates a weaker economy, which could negatively impact the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF tracking Japanese equities, may be negatively impacted by the lower than expected current account data from Japan.
DXJ tracks Japanese equities and a lower than expected current account data from Japan indicates a weaker economy, which could negatively impact the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF tracking Japanese equities, may be negatively impacted by the lower than expected current account data from Japan.
EWJ tracks Japanese equities and a lower than expected current account data from Japan indicates a weaker economy, which could negatively impact the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80