Japan Industrial Production (MoM) For March 4.4% Vs. 3.8% Est.; -0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for March increased by 4.4% month-over-month, surpassing the estimated 3.8% and significantly improving from the prior -0.6%.
May 16, 2024 | 4:52 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, is likely to see a positive impact due to the better-than-expected industrial production data for March.
The better-than-expected industrial production data suggests a stronger Japanese economy, which is positive for ETFs like BBJP that are focused on Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, is likely to benefit from the positive industrial production data.
The strong industrial production figures indicate economic growth, which is beneficial for ETFs like DXJ that invest in Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is expected to experience a positive impact from the robust industrial production data.
The increase in industrial production suggests a healthier Japanese economy, which is favorable for ETFs like EWJ that track Japanese stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80