Reported Earlier, Japan National Core Consumer Price Index (YoY) For May 2.5% Vs. 2.6% Est.; 2.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's National Core Consumer Price Index (CPI) for May came in at 2.5% year-over-year, slightly below the estimated 2.6% but higher than the previous 2.2%.
June 21, 2024 | 5:03 am
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NEUTRAL IMPACT
BBJP, an ETF focused on Japanese equities, may see minor fluctuations due to the slightly lower-than-expected CPI, indicating moderate inflation.
The CPI data suggests moderate inflation, which could lead to minor adjustments in Japanese equity markets. BBJP, being an ETF focused on Japanese equities, may see some impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
DXJ, an ETF that hedges against currency fluctuations in Japanese equities, might see neutral to minor positive impact due to the CPI data indicating moderate inflation.
Moderate inflation as indicated by the CPI data could lead to stable or slightly positive performance in Japanese equities, which DXJ is exposed to while hedging currency risk.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
EWJ, an ETF that tracks Japanese stocks, may experience minor fluctuations due to the slightly lower-than-expected CPI, indicating moderate inflation.
The CPI data suggests moderate inflation, which could lead to minor adjustments in Japanese equity markets. EWJ, tracking Japanese stocks, may see some impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50