Reported Earlier, Japan Gross Domestic Product (YoY) Preliminary For Q2 3.1% Vs. 2.1% Est.; -2.3% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's Gross Domestic Product (GDP) for Q2 grew by 3.1% year-over-year, surpassing the estimated 2.1% and significantly improving from the revised prior figure of -2.3%.
August 15, 2024 | 4:49 am
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POSITIVE IMPACT
BBJP, a Japan-focused ETF, is likely to see positive short-term impact due to Japan's Q2 GDP growth of 3.1%, which exceeded expectations.
The better-than-expected GDP growth indicates a stronger Japanese economy, which is beneficial for Japan-focused ETFs like BBJP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
DXJ, an ETF focused on Japanese equities, is expected to benefit from Japan's Q2 GDP growth of 3.1%, which surpassed forecasts.
Stronger-than-expected GDP growth suggests a healthier Japanese economy, positively impacting ETFs like DXJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EWJ, an ETF tracking Japanese stocks, is likely to experience a positive short-term impact due to Japan's Q2 GDP growth of 3.1%, which outperformed estimates.
The higher-than-expected GDP growth rate indicates a robust Japanese economy, which is favorable for ETFs like EWJ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80