Reported Earlier, Japan Tokyo Core Consumer Price Index (YoY) For October 2.7% Vs. 2.5% Est.; 2.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Tokyo Core Consumer Price Index (YoY) for October has been reported at 2.7%, higher than the estimated 2.5% and the prior 2.5%.
October 27, 2023 | 5:05 am
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POSITIVE IMPACT
The higher than expected Tokyo Core CPI may positively impact BBJP as it indicates a stronger Japanese economy.
A higher than expected CPI indicates inflation, which is often a sign of a strong economy. This could lead to increased investor confidence in Japanese assets, including BBJP.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The higher than expected Tokyo Core CPI may positively impact DXJ as it indicates a stronger Japanese economy.
A higher than expected CPI indicates inflation, which is often a sign of a strong economy. This could lead to increased investor confidence in Japanese assets, including DXJ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The higher than expected Tokyo Core CPI may positively impact EWJ as it indicates a stronger Japanese economy.
A higher than expected CPI indicates inflation, which is often a sign of a strong economy. This could lead to increased investor confidence in Japanese assets, including EWJ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70