09.03.2015 - Japan's GDP growth was less than expected
Today was published statistics on the growth of Japan's GDP in the 4th quarter of last year, which was revised down to 0.4%, which is 0.1% worse than analysts' forecasts. In year-on-year GDP growth was 1.5%, compared with a previous estimate of 2.2% growth. It should be noted that previously was recorded decline in GDP due to the negative effect of increasing the sales tax in April last year from 5% to 8%. Despite the deterioration in growth, we expect improvement in the coming quarters and maintain a medium-term positive outlook for the Japanese stock market.