Statistics on GDP growth in Japan continued to please investors. So, today it became known that in the first quarter the world's third largest economy grew by 1.0%, against a previous estimate of 0.6% growth. Growth for the 4th quarter of last year was revised to 1.2%, which is 0.1% better than the previous estimate. The main growth drivers were an increase in exports to China and the United States due to the decline of the Japanese yen, as well as growth in household expenditures by 1.5% and inventories by 2.2%. We expect further growth on the stock markets of Japan and the fall of the yen in the medium term.