Reported Earlier, Japan Household Spending (YoY) For June -1.4% Vs. -0.9% Est.; -1.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's household spending for June decreased by 1.4% year-over-year, which is worse than the estimated -0.9% and the prior -1.8%.
August 06, 2024 | 4:53 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term pressure due to the worse-than-expected decline in Japan's household spending.
The decline in household spending indicates 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 decline in household spending.
The worse-than-expected household spending data suggests weaker economic conditions, potentially affecting the performance of Japanese equities in DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, may face short-term downside due to the disappointing household spending figures.
The decline in household spending indicates weaker consumer demand, which could negatively impact the Japanese stocks held by EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80