Reported Earlier, Japan Household Spending (YoY) For September -2.8% Vs. -2.7% Est.; -2.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for September fell by 2.8% year-on-year, slightly worse than the estimated 2.7% and the prior 2.5%.
November 07, 2023 | 5:58 am
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NEGATIVE IMPACT
Japan's worse than expected household spending may negatively impact BBJP.
BBJP, an ETF that tracks the performance of the Japanese market, may be negatively impacted as lower household spending indicates a weaker economy, which could lead to lower corporate profits and thus lower stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Japan's worse than expected household spending may negatively impact DXJ.
DXJ, an ETF that tracks the performance of the Japanese market, may be negatively impacted as lower household spending indicates a weaker economy, which could lead to lower corporate profits and thus lower stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Japan's worse than expected household spending may negatively impact EWJ.
EWJ, an ETF that tracks the performance of the Japanese market, may be negatively impacted as lower household spending indicates a weaker economy, which could lead to lower corporate profits and thus lower stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80