Reported Earlier, Japan National Consumer Price Index (MoM) For June 0.3% Vs. 0.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's National Consumer Price Index (CPI) for June increased by 0.3% month-over-month, compared to a 0.5% rise in the previous month. This indicates a slowdown in inflation growth.
July 19, 2024 | 4:53 am
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POSITIVE IMPACT
The WisdomTree Japan Hedged Equity Fund (DXJ) might see a neutral to slight positive impact due to the lower-than-expected inflation growth in Japan.
Lower inflation growth can be seen as positive for hedged equity funds like DXJ, as it may reduce cost pressures on companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The iShares MSCI Japan ETF (BBJP) may experience a slight impact due to the slowdown in Japan's inflation growth, as indicated by the June CPI data.
The slowdown in inflation growth could affect investor sentiment towards Japanese equities, which BBJP tracks. However, the impact is likely to be moderate.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The iShares MSCI Japan ETF (EWJ) could experience a slight impact due to the slower inflation growth in Japan, as reflected in the June CPI data.
The slower inflation growth may affect investor sentiment towards Japanese equities, which EWJ tracks. However, the impact is likely to be moderate.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70