On Monday, the yen strengthened due to positive data on domestic product in Japan. Experts note that the growth of the domestic value-added product in the second quarter was above expectations of analysts.
As a result of the publication of this data, the yen's exchange rate against the dollar and the euro increased. According to Japanese government data, the GDP growth rate was 1.3% in the second quarter of the current year.
In light of these events, experts express various opinions on the further prospects of the Japanese economy. Some believe that the strengthening of the yen may negatively impact the country's exports, while others argue that it will contribute to the stabilization of domestic demand. In any case, Japan's GDP indicators are important elements determining the dynamics of financial markets.
