Reported Earlier, Japan Industrial Production (MoM) Preliminary For September 0.2% Vs. 2.5% Est.; -0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's preliminary industrial production for September was reported at 0.2%, lower than the estimated 2.5% and an improvement from the prior -0.7%.
October 31, 2023 | 4:56 am
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NEGATIVE IMPACT
The lower than expected industrial production in Japan may negatively impact BBJP in the short term.
BBJP, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected figure may signal a slowdown in the economy, which could negatively affect the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lower than expected industrial production in Japan may negatively impact DXJ in the short term.
DXJ, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected figure may signal a slowdown in the economy, which could negatively affect the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The lower than expected industrial production in Japan may negatively impact EWJ in the short term.
EWJ, being a Japan-focused ETF, is likely to be impacted by significant economic indicators such as industrial production. The lower than expected figure may signal a slowdown in the economy, which could negatively affect the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80