Reported Earlier, Japan Exports (YoY) For September 4.3% Vs. 3.1% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's year-on-year exports for September increased by 4.3%, surpassing the estimated 3.1% and significantly improving from the previous -0.8%.
October 19, 2023 | 5:26 am
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POSITIVE IMPACT
The positive export data from Japan may boost investor confidence in BBJP, which tracks Japanese equities.
BBJP tracks Japanese equities and therefore, positive economic data from Japan, such as increased exports, can increase investor confidence in the ETF and potentially drive its price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The positive export data from Japan may boost investor confidence in DXJ, an ETF that tracks Japanese equities hedged against the yen.
DXJ tracks Japanese equities hedged against the yen. Positive economic data from Japan, such as increased exports, can increase investor confidence in the ETF and potentially drive its price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The positive export data from Japan may boost investor confidence in EWJ, an ETF that tracks a broad range of Japanese stocks.
EWJ tracks a broad range of Japanese stocks. Positive economic data from Japan, such as increased exports, can increase investor confidence in the ETF and potentially drive its price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80