JEQ - Japan Housing Starts fall more than estimated in November

2023-12-27 01:14:08 ET

• Japan's housing starts dropped by 8.5% year-on-year in November 2023, steeper than a 6.3% decline in the prior month and worse than market forecasts of a 4.3% fall.

• This marked the ninth time of decrease in new construction starts since the beginning of the year and the fastest pace since August, due to falls in dwellings for owned, rented, built for sale, and two-by-four.

• ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ).

• Currency: ( USD:JPY )

• More on Japan economy:

• Japan November jobless rate flat at 2.5%

• Japan's inflation rate continue to ease in November as food price hikes slow

• Japan's November trade deficit narrows amid dip in exports dented by weak demand from China

• Bank of Japan maintains ultra-loose monetary policy; no change to dovish policy guidance

• Japan's core inflation up 2.9% missing forecast

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