Japan Industrial Production (MoM) For August -3.3% Vs. -3.3% Est.; -3.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Japan's industrial production for August decreased by 3.3% month-over-month, matching both the estimated and prior figures.
October 15, 2024 | 5:05 am
News sentiment analysis
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NEUTRAL IMPACT
BBJP, an ETF focused on Japanese equities, may experience a neutral impact as Japan's industrial production decline was in line with expectations.
The industrial production data was as expected, suggesting no surprise that would significantly impact BBJP's holdings.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
DXJ, an ETF targeting Japanese stocks with currency hedging, is likely to see a neutral impact due to the expected industrial production figures.
The data aligns with forecasts, indicating no unexpected economic shifts that would affect DXJ's performance.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
EWJ, an ETF representing Japanese equities, is expected to have a neutral impact as the industrial production data met expectations.
The industrial production figures were anticipated, suggesting no immediate impact on EWJ's portfolio.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50