Reported Earlier Japan Gross Domestic Product (YoY) For Q1 -1.8% Vs. -1.0% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q1 has been reported at -1.8% year-over-year, which is worse than the estimated -1.0% and the prior -0.2%. This indicates a significant economic contraction.
June 10, 2024 | 5:06 am
News sentiment analysis
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, is likely to be negatively impacted by the worse-than-expected GDP report, indicating economic contraction.
BBJP is directly tied to the performance of Japanese equities, and a significant economic contraction as indicated by the GDP report is likely to negatively impact investor sentiment and stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, may see negative short-term impact due to Japan's worse-than-expected GDP report.
DXJ's performance is closely linked to the Japanese economy. The significant GDP contraction is likely to affect investor confidence and the performance of Japanese equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is expected to be negatively impacted by the worse-than-expected GDP report, indicating economic contraction.
EWJ's performance is directly tied to the Japanese stock market, and a significant economic contraction as indicated by the GDP report is likely to negatively impact investor sentiment and stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80