Streetbeat News

EWJ

iShares MSCI Japan ETF

http://www.ishares.com

Industry

Asset Management

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market.

Open

69.40

Mkt cap

16B

Volume

5M

High

69.50

P/E Ratio

14.06

52-wk high

73.24

Low

69.17

Div yield

0.02

52-wk low

59.83

Japan is planning to introduce legislation in 2024 aimed at preventing platform operators like Apple and Google from using their dominance to unfairly keep users within their ecosystems and exclude competitors. The proposed law would empower the Japan Fair Trade Commission to levy fines for any violations of these restrictions.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:33 pm

Japan is set to introduce regulations targeting tech giants Apple and Google, aiming to reduce their app store monopolies. The proposed legislation, expected to be presented to parliament in 2024, will mandate these companies to permit third-party app stores and payment systems on their mobile operating systems. The law will focus on four key areas: app stores and payments, search, browsers, and operating systems, to prevent the abuse of dominant market positions.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:30 pm

The Bank of Japan's Core Consumer Price Index (CPI) rose by 2.7% year-over-year, which is lower than the estimated 3.0% and equal to the prior figure of 3.0%. This indicates a slowdown in inflation compared to expectations.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:19 am

Japan's National Core Consumer Price Index (CPI) for November came in at 2.5%, which was in line with estimates and lower than the previous value of 2.9%. This indicates a slight cooling in inflation.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:11 am

North Korea's leader Kim Jong-un stated that their recent intercontinental ballistic missile (ICBM) launch demonstrates the country's readiness to not hesitate in launching a nuclear attack in response to nuclear provocation by an enemy. This statement was reported by Reuters, citing the North Korean state news agency KCNA.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:13 pm

UBS AG is reinstating its equity strategist role for Japan, indicating a growing interest in Japanese equities. JP Morgan also sees potential in the market. The iShares MSCI Japan Index Fund (EWJ) provides exposure to this market. BlackRock identifies Japan as a beneficiary of global fragmentation and notes the outperformance of companies with low price-to-book ratios. Stocks with low P/B ratios like Nissan (NSANY), Honda (HMC), and Nomura (NMR) have shown strong returns, while those with high P/B ratios like Capcom (CCOEY), Daiichi Sankyo (DSNKY), and Sony (SONY) have mixed performance.

Portfolio Pulse from Surbhi Jain

December 20, 2023 | 1:38 pm

Japan's trade balance for November was reported at -776.9 billion yen, which is better than the estimated -962.4 billion yen but worse than the previous month's -661.0 billion yen.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:46 am

Japan's year-on-year exports for November decreased by 0.2%, falling short of the estimated 1.5% increase and the previous month's 1.6% rise. This indicates a contraction in Japan's export growth, which could have implications for Japan-focused ETFs such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:45 am

Japan's adjusted trade balance came in at -0.41 trillion, better than the estimated -0.72 trillion and an improvement from the previous -0.46 trillion.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:45 am

North Korea reportedly conducted a test-firing of its Hwasong-18 intercontinental ballistic missile (ICBM) on Monday, according to Yonhap news agency. The test is part of North Korea's ongoing missile development program and has implications for regional security dynamics.

Portfolio Pulse from Charles Gross

December 18, 2023 | 10:22 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.