Bank of Japan Core Consumer Price Index (YoY) 2.3% Vs. 2.5% Est.; 2.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan's Core Consumer Price Index (CPI) increased by 2.3% year-over-year, which is below the estimated 2.5% and the previous 2.6%.
March 26, 2024 | 5:13 am
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NEUTRAL IMPACT
The lower-than-expected CPI may lead to a less aggressive monetary policy by the Bank of Japan, potentially affecting BBJP.
BBJP, which tracks Japanese equities, may see indirect effects from the CPI data as it influences the Bank of Japan's monetary policy decisions, which in turn can affect market sentiment and the performance of Japanese stocks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
DXJ, which is sensitive to Japan's monetary policy changes, might see minimal impact due to the CPI data indicating a potential for less aggressive policy adjustments.
Given DXJ's focus on Japanese equities with a hedge against the yen, the CPI data suggesting a less aggressive monetary policy could have a nuanced impact on its performance, depending on how these policies affect the yen and stock prices.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
EWJ, which tracks the performance of Japanese stocks, may see limited immediate impact from the CPI data, but future monetary policy decisions could influence its performance.
EWJ's performance is closely tied to the Japanese stock market, which can be influenced by the Bank of Japan's monetary policy decisions. The CPI data, being lower than expected, suggests a potential for less aggressive policy adjustments, which could indirectly affect EWJ's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70