Reported Earlier, Japan Current Account n.s.a. For April 2.051T Vs. 3.399T Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's current account n.s.a. for April was reported at 2.051 trillion yen, down from 3.399 trillion yen in the previous period.
June 10, 2024 | 5:06 am
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NEGATIVE IMPACT
The iShares MSCI Japan ETF (BBJP) may experience short-term volatility due to the significant drop in Japan's current account surplus.
A lower current account surplus can indicate weaker economic conditions, which may negatively impact Japanese equities and ETFs like BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The WisdomTree Japan Hedged Equity Fund (DXJ) could face short-term pressure due to the decline in Japan's current account surplus.
A reduced current account surplus suggests potential economic challenges, which could negatively affect Japanese equities and ETFs like DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares MSCI Japan ETF (EWJ) is likely to experience short-term negative impact due to the significant drop in Japan's current account surplus.
A lower current account surplus can signal weaker economic conditions, which may negatively impact Japanese equities and ETFs like EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80