18.05.2016 - Japan's GDP grew by 0.4% in the first quarter
Today, has been published an important statistics for GDP growth in Japan, which, according to preliminary data, in the 1st quarter rose by 0.4% against the expected expansion of the economy just by 0.1%. It is worth mentioning that the index fell by 0.3% in the last quarter of last year. The reason for the more optimistic data has been the growth of household expenditures, government spending and increased demand for Japanese products. Despite this positive. We forecast a drop in the yen against the dollar in the medium term with the potential reduction by 5-7%.