Japan's New Prime Minister Ishiba Says Will Prioritize Complete Exit From Deflation
Portfolio Pulse from Benzinga Newsdesk
Japan's new Prime Minister, Ishiba, has announced that his administration will prioritize a complete exit from deflation. This policy focus could have implications for Japanese equities and related ETFs.
October 01, 2024 | 12:16 pm
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The announcement by Japan's PM Ishiba to prioritize ending deflation could positively impact the iShares MSCI Japan ETF (EWJ), as it may lead to economic growth and improved corporate earnings in Japan.
Ending deflation is likely to stimulate economic growth in Japan, which could lead to higher corporate earnings. This would benefit Japanese equities and ETFs like EWJ, which tracks the performance of Japanese stocks.
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