Japan Incoming PM Ishiba Says Will Deploy Fiscal Stimulus If Needed; Accommodative Monetary Policy Trend Won't Change
Portfolio Pulse from Benzinga Newsdesk
Japan's incoming Prime Minister, Ishiba, has announced plans to deploy fiscal stimulus if necessary. This decision could impact Japanese markets and related ETFs.
September 27, 2024 | 2:25 pm
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POSITIVE IMPACT
The announcement by Japan's incoming PM Ishiba about potential fiscal stimulus could positively impact the iShares MSCI Japan ETF (EWJ), as it may lead to economic growth and increased investor confidence in Japanese markets.
Fiscal stimulus typically aims to boost economic activity, which can lead to higher corporate earnings and stock prices. As EWJ tracks Japanese equities, it stands to benefit from any positive economic developments in Japan.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80