Reported Earlier, Japan Household Spending (MoM) For April -1.2% Vs. 0.2% Est.; 1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for April decreased by 1.2% month-over-month, missing the estimated increase of 0.2% and down from the prior month's 1.2% increase.
June 07, 2024 | 4:52 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the unexpected decline in Japan's household spending for April.
BBJP is directly impacted by the economic performance of Japan. The decline in household spending suggests weaker consumer activity, which could negatively affect Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, might experience short-term negative impact due to the drop in Japan's household spending.
DXJ is influenced by the performance of Japanese equities. The decline in household spending indicates weaker economic conditions, potentially affecting the ETF's holdings.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
EWJ, an ETF that tracks Japanese stocks, may face short-term downward pressure due to the unexpected decline in Japan's household spending for April.
EWJ's performance is tied to the Japanese stock market. The decline in household spending suggests weaker consumer confidence and economic activity, which could negatively impact the ETF.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75