Reported Earlier, Japan Household Spending (MoM) For May -0.3% Vs. 0.5% Est.; -1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for May decreased by 0.3% month-over-month, missing the estimated increase of 0.5% and following a 1.2% decline in the previous month.
July 05, 2024 | 3:01 pm
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the unexpected decline in Japan's household spending for May.
BBJP is directly impacted by economic indicators in Japan. The decline in household spending suggests weaker consumer activity, which could negatively affect Japanese equities.
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 decline in Japan's household spending.
DXJ's performance is tied to Japanese equities, which could be negatively affected by weaker consumer spending, indicating potential economic slowdown.
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 Japan's household spending for May.
EWJ is directly influenced by the performance of Japanese stocks. The decline in household spending suggests weaker economic conditions, which could negatively impact the ETF.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75