Reported Earlier, Japan Adjusted Trade Balance -0.82T Vs. -0.82T Est.; -0.64T (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan reported an adjusted trade balance of -0.82 trillion yen, matching the estimated figure and showing a slight improvement from the revised prior figure of -0.64 trillion yen.
July 18, 2024 | 4:18 am
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POSITIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see a neutral to slightly positive impact as Japan's trade balance matches estimates and shows slight improvement.
BBJP is directly tied to the performance of Japanese equities. The trade balance matching estimates and showing slight improvement could be seen as a stabilizing factor for the Japanese economy, potentially benefiting BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF that hedges currency exposure to Japanese equities, may experience a neutral to slightly positive impact due to the trade balance data.
DXJ hedges currency exposure to Japanese equities. The trade balance data matching estimates and showing slight improvement could be seen as a positive sign for the Japanese economy, potentially benefiting DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, may see a neutral to slightly positive impact from the trade balance data.
EWJ tracks the performance of Japanese stocks. The trade balance data matching estimates and showing slight improvement could be seen as a stabilizing factor for the Japanese economy, potentially benefiting EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80