Reported Earlier, Japan Gross Domestic Product (YoY) Preliminary For Q4 -0.4% Vs. -3.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q4 showed a contraction of 0.4% year-on-year, an improvement from the revised -3.3% contraction in the previous quarter. This indicates a less severe economic downturn than initially anticipated.

February 15, 2024 | 5:38 am
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POSITIVE IMPACT
The less severe contraction in Japan's GDP may lead to increased investor confidence in Japanese markets, potentially benefiting BBJP.
BBJP, which tracks Japanese equities, may see a positive impact as the GDP data suggests a less severe economic downturn, potentially boosting investor sentiment towards Japanese equities.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Improved GDP figures for Japan could positively influence DXJ, as it may lead to stronger investor sentiment towards Japanese equities.
DXJ, which focuses on Japanese equities while hedging against the yen, might benefit from the positive GDP data, as it indicates a potential for economic recovery and could enhance investor interest in Japanese stocks.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The preliminary Q4 GDP data showing a smaller contraction than expected could be a positive signal for EWJ, indicating potential growth in the Japanese market.
EWJ, an ETF tracking the Japanese market, may see a positive impact from the GDP data, as the less severe economic contraction suggests resilience in the Japanese economy, potentially leading to increased investor interest.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80