Reported Earlier Japan Gross Domestic Product (QoQ) For Q1 -0.5% Vs. -0.5% Est.; 0.1% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q1 reported a decline of 0.5% quarter-over-quarter, matching the estimated decline of 0.5%. The previous quarter's GDP was revised to a growth of 0.1%.
June 10, 2024 | 5:06 am
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NEUTRAL IMPACT
BBJP, an ETF focused on Japanese equities, may see a neutral to slightly negative impact due to Japan's Q1 GDP decline of 0.5%, which was in line with expectations.
The GDP decline was expected, so the impact on BBJP should be neutral to slightly negative as the market had already priced in the decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
DXJ, an ETF that hedges against currency fluctuations in Japanese equities, might experience a neutral impact as Japan's Q1 GDP decline of 0.5% was anticipated.
Since the GDP decline was in line with expectations, the impact on DXJ should be neutral. The currency hedge may mitigate any adverse effects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
EWJ, an ETF that tracks Japanese equities, may see a neutral to slightly negative impact due to Japan's Q1 GDP decline of 0.5%, which was in line with market expectations.
The GDP decline was expected, so the impact on EWJ should be neutral to slightly negative as the market had already priced in the decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80