Reported Earlier, Japan Gross Domestic Product Price Index (YoY) For Q3 3.5% Vs. 5.1% Est.; 3.8% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product Price Index (YoY) for Q3 came in at 3.5%, lower than the estimated 5.1% and the prior revised figure of 3.8%.
December 08, 2023 | 5:53 am
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NEGATIVE IMPACT
The lower than expected GDP Price Index in Japan may lead to a negative perception of economic growth, potentially impacting BBJP negatively in the short term.
As BBJP tracks a market-cap-weighted index of Japanese equities, weaker economic indicators such as the GDP Price Index can lead to bearish investor sentiment towards Japanese markets, potentially decreasing BBJP's value.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, which is focused on Japanese equities hedged against the yen, might face downward pressure due to the lower GDP Price Index indicating a slowing economy.
DXJ's performance is closely tied to the health of the Japanese economy. A lower GDP Price Index suggests a potential slowdown, which could reduce investor appetite for Japanese equities, even with the currency hedge that DXJ provides.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, which includes a broad range of Japanese stocks, may experience a negative impact due to the disappointing GDP Price Index, signaling weaker economic conditions.
EWJ's value is dependent on the performance of the Japanese stock market, which can be adversely affected by negative economic data such as a lower GDP Price Index, potentially leading to a decline in EWJ's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80