Bank of Japan Core Consumer Price Index (YoY) 1.8% Vs. 2.2% Est.; 2.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan's Core Consumer Price Index (CPI) year-over-year came in at 1.8%, below the estimated 2.2% and the prior 2.2%.
May 28, 2024 | 5:11 am
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NEGATIVE IMPACT
The Bank of Japan's Core CPI came in lower than expected, which could impact the iShares MSCI Japan ETF (BBJP) as it reflects the economic conditions in Japan.
A lower-than-expected CPI suggests weaker inflationary pressures, which could lead to market speculation about future monetary policy adjustments by the Bank of Japan. This may result in short-term volatility for BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WisdomTree Japan Hedged Equity Fund (DXJ) might experience short-term impacts due to the lower-than-expected Core CPI from the Bank of Japan.
The lower CPI figure may lead to speculation about the Bank of Japan's future monetary policy, potentially affecting the performance of DXJ in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The iShares MSCI Japan ETF (EWJ) could see some short-term volatility following the Bank of Japan's lower-than-expected Core CPI.
A lower-than-expected CPI figure can lead to market speculation about the Bank of Japan's monetary policy, potentially causing short-term volatility for EWJ.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75