Reported Earlier, Japan Household Spending (YoY) For May -1.8% Vs. 0.2% Est.; 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for May decreased by 1.8% year-over-year, missing the estimated 0.2% increase and falling from the previous 0.5% growth.
July 05, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the unexpected decline in Japan's household spending.
The decline in household spending suggests weaker consumer demand, which could negatively impact Japanese equities held by BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that hedges currency risk while investing in Japanese equities, might experience short-term negative impact due to the drop in household spending.
The unexpected decline in household spending indicates weaker economic conditions, potentially affecting the performance of Japanese equities in DXJ.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, may face short-term downside due to the unexpected drop in household spending.
The decline in household spending suggests weaker consumer demand, which could negatively impact the Japanese stocks held by EWJ.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75