Japan Industrial Production (MoM) For June -4.2% Vs. -3.6% Est.; 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for June decreased by 4.2% month-over-month, which is worse than the estimated decline of 3.6% and a significant drop from the previous month's increase of 3.6%.
August 15, 2024 | 4:48 am
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NEGATIVE IMPACT
BBJP, an ETF focused on Japanese equities, may see short-term negative impact due to the worse-than-expected decline in Japan's industrial production for June.
BBJP is directly tied to Japanese equities, and a significant decline in industrial production suggests potential economic slowdown, which could negatively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DXJ, an ETF that provides exposure to Japanese equities while hedging currency risk, might experience short-term negative effects due to the unexpected drop in Japan's industrial production.
DXJ's performance is linked to Japanese equities, and a larger-than-expected decline in industrial production could signal economic challenges, impacting the ETF negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EWJ, an ETF that tracks the performance of Japanese stocks, is likely to be negatively impacted in the short term due to the worse-than-expected industrial production data for June.
EWJ is directly affected by the performance of Japanese stocks, and a significant decline in industrial production indicates potential economic slowdown, which could negatively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80