Bank of Japan Core Consumer Price Index (YoY) 1.8% Vs. 2.1% Est.; 2.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Bank of Japan's Core Consumer Price Index (CPI) year-over-year came in at 1.8%, below the estimated 2.1% and the previous 2.1%. This indicates a slower inflation rate than expected.
August 27, 2024 | 5:02 am
News sentiment analysis
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NEUTRAL IMPACT
BBJP, an ETF focused on Japanese equities, may see a short-term impact due to the lower-than-expected CPI, which suggests slower inflation in Japan.
BBJP is directly linked to Japanese equities, and the CPI data suggests slower inflation, which could affect market sentiment. However, the impact is not strongly directional.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
DXJ, an ETF that hedges currency risk in Japanese equities, might experience neutral short-term effects due to the CPI data indicating slower inflation.
DXJ focuses on Japanese equities with currency hedging. The CPI data suggests slower inflation, which might stabilize the market, leading to a neutral impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
EWJ, an ETF tracking Japanese stocks, may be affected by the lower-than-expected CPI, indicating slower inflation and potential market stability.
EWJ tracks Japanese stocks, and the CPI data showing slower inflation could lead to market stability, resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70