Reported Earlier, Japan Gross Domestic Product (QoQ) Preliminary For Q3 -0.5% Vs. -0.1% Est.; 1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's preliminary GDP for Q3 contracted by 0.5%, which was worse than the estimated 0.1% contraction and a significant drop from the prior 1.1% growth.
November 15, 2023 | 5:49 am
News sentiment analysis
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NEGATIVE IMPACT
Japan's worse-than-expected GDP contraction may lead to negative sentiment for BBJP, which tracks Japanese equities.
As BBJP is an ETF that tracks Japanese equities, the negative GDP report suggests a slowing economy, which could reduce investor confidence and negatively impact BBJP's performance in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The negative GDP data from Japan may adversely affect DXJ, an ETF focused on Japanese dividend-paying companies.
DXJ, which includes Japanese dividend-paying companies, could see a short-term negative impact as the poor GDP growth may lead to concerns about these companies' future earnings and dividends.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that represents a broad range of Japanese stocks, may face downward pressure due to the disappointing GDP report.
EWJ, which offers exposure to a broad range of Japanese stocks, is likely to be negatively impacted in the short term as the negative GDP growth indicates a broader economic slowdown that could affect multiple sectors represented in the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80