Reported Earlier, Japan Capital Spending (YoY) For Q1 6.8% Vs. 12.2% Est.; 16.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's capital spending for Q1 increased by 6.8% year-over-year, falling short of the estimated 12.2% and significantly lower than the prior 16.4%.
June 03, 2024 | 4:21 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term negative impact due to Japan's lower-than-expected capital spending growth.
BBJP is directly tied to the performance of Japanese equities, and lower-than-expected capital spending growth could signal weaker economic activity, potentially impacting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency risk while investing in Japanese equities, might experience a short-term decline due to disappointing capital spending data from Japan.
DXJ's performance is linked to Japanese equities, and the lower-than-expected capital spending growth may indicate weaker economic conditions, potentially affecting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to be negatively impacted in the short term due to Japan's lower-than-expected capital spending growth.
EWJ's value is closely tied to the Japanese stock market, and the disappointing capital spending growth could signal weaker economic performance, potentially impacting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80