Japan falls into fourth place behind Germany among world’s largest economies • FRANCE 24 English
A global economic Powerhouse in Decline the Japanese economy is no longer in the world’s top three after Contracting by 3.3% in the third quarter of last year GDP shrank by 4/10 of a percent in the fourth quarter the recession a surprise to analysts who had been predicting at
Least 1% of growth with total output for 2023 at $4.2 trillion the Japanese economy has now fallen into fourth place globally behind Germany’s 4 and A5 trillion much of that loss in stature can be attributed to a falling Yen Japan’s currency has lost more than 18% against the dollar over the past two
Years as the bank of Japan bucked the global trend of central bank’s hiking interest rates to fight inflation instead maintaining negative rates in a bid to raise stagnant wages and boost weak domestic demand for the export heavy economy the latest data raises new doubts as to when and how the boj can
Exit its ultral loose monetary policy given the current prospects for future price movements the accommodative financial environment is likely to continue for the time being even if the bank ends negative interest rates Germany’s new status meanwhile comes with caveats its economy too shrank in the final quarter of last year
Germany and Japan each face declining populations and labor shortages amid an aging Workforce their economies are both expected to be surpassed by India in the coming years
Japan has fallen into fourth place behind Germany among world’s largest economies after contracting by 3.3 percent in the third quarter of 2023.
#Japan #Asia #economy
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39 comments
Both Germany and Japan will fall behind India in a year’s time . Won’t be too long .
China 🇨🇳 has felt like in a recession over a year.
Even though the government reported a 2023 "growth of 5.2%." LOL
You really had to play the stereotype Indian music and bazaar clips in the end?
Funny how they don’t mention Demographic pressure in this piece
Oh yeah! Time to go on another vacation to Japan!
Depends which GDP you look at .in ppp GDP Japan economy still ahead of Germany.
Keep on buying more American weapons and debt. Japan will be 5, then 6 then 7 each year down by one step;
Instead of top 5, they showed top 4. They are so scared of us.😂
Dont celebrat yet … india we will reach 3rd spot …. you have only 3 year before india take that spot 😂😂😂
Russia beats them all 😂
If you look at yen vs dollars . Yen crashes because of low interest rate .
French 24 displayed top 4 economy while showing completely its mental distress by not showing the 5th rank of India. The report would have been incomplete with acknowledging the growth of India. Guess the stage of grief🤭
The Ukraine support curse…
And we 🇮🇳 finally Have 4 trillion Dollars Economy
But i wish Japan Starts to grow again
Japan should have been the number 1 economy in the 80s, but America didn't allowed them to be. No any country can be the no1 economic power instead of the US. We're seeing all the effort to prevent China now. That's the American way because they'll be slaves when the dollar is not the reserve currency anymore
Oh, but i thought Japanese economy was around 5 trillion dollars? This is really bad for Japan to drop to 4,2 trillion and to be so much smaller economy than Germany, while Japan got 40 million people more than Germany. But Japan doesn't have the EU, like Germany does. EU's economy is getting closer to 20 trillion dollars this year. While EU's PPP economy is already 26 trillion dollars. By the end of the 2024 will probably be 28/29 trillion in PPP.
It's all good Japan. You've done incredibly well for a small country with NO NATURE resources. In fact, you've EXCEEDED all expectorations. Also, your population is dwindling so this is to be expected. #1 Anime Country in the world!!!
Time to drop those fax machines and adopt the cloud 🤭
Biden's administration has disrupted the peace that the world has experienced since the Cold War. The actions of the Biden regime are now contributing to a disturbance in global tranquility. Haha, have you heard about this so-called "Bidenomics"? They're trying to sell us this immaterial, worthless talk, and it's just hilarious! 🤣 I mean, this government is like a walking comedy show! People are cracking jokes left and right because it's so absurd. I guess in the 21st century, anything goes, and people will believe anything they're told! 😄Japan's colossal blunder lies in blindly adhering to the whims of Biden's policymakers, resulting in a series of grievous missteps. Despite the admirable endeavors of the current Japanese President, they have made a multitude of detrimental choices that will propel Japan further into the abyss of vulnerability. The crux of the issue stems from their kindness and trust in Israel and the bewildering ideology propagated by the Biden administration, plunging them into a quagmire of economic calamity. It is truly disheartening to witness Japan, a nation renowned for its impartiality and support for the economically disadvantaged, forsake its sacred duty. We all recognized this impending disaster, which makes it all the more imperative for Japan to swiftly realign its economic trajectory towards flourishing nations and nurture alliances with developing countries. The fate of Japan's prosperity and global standing hangs in the balance, demanding a sincere and passionate call for immediate course correction.
In truth, It is only a temporary phenomenon caused by the yen's depreciation. Japan surpassed 600 trillion yen in gdp last year.
Japan era is gone
Measuring economy based on the US dollar makes no sense. In reality Japan's economy is still almost 50% bigger than the German
You know things are bad when another country in recession beats you.
Even Japan GDP size becomes fourth, ⭐ still Japan influence and assistance on other nations economy remains so strong 🙂 🇯🇵🇯🇵🇯🇵 👍
Japan was beaten by a Germany in recession 😂
In 1995 Japan GDP was bigger than it is today.
And I don't think Japan GDP going to recover in future either. 🥴
Nani!?
Germany is being called as sick man of Europe and yet it has overtaken Japan's GDP.
Wow, how worse the Japan is.
I have a great feeling that Japan will start a massive Robotics industry.
It's not a rise of Germany, but a fall of Japan
4th is fantastic tbh there are many countries with high pops growing
Come on after all its japan if it just loosen some stress it will rebound back… never under estimate japan
Soon, Japan will be on the 5th, since India will surpass it.
Good, Germany makes better products anyways. There isn't a single Japanese product that I own. I prefer Germany over Japan any day!
The purpose of weakening the yen is to make Japan's exports more competitive. Slipping to the fourth largest economy in the world is symbolic. What's real is that a declining workforce puts upwards pressure on wages (especially because Japan has a very low rate of immigration) and this makes its exports less competitive. The real story: Japan can maintain a negative interest for so long, without raising inflation significantly.
This is what a stringent work culture and lack of migration does to a developed country.
Japans work ethics is so back dated that it sends talented Japanese out of the country and to the west. It also stops Japan from attracting talent from abroad .
Couple that with declining birth rates and you get a perennial recession.
If not for the craze around anime, not even half the number of migrants who go to Japan would have gone there.
What's is weird and scary is that California might become the third largest economy in the world. California has 35 of the top 50 AI companies in the world with a projected $400 billion in economic growth. AI experts also believe that whoever dominates the AI industry will dominate the world economy until 2100.
Japan lags much behind Korea in terms of 4th revolutionary technology. Japan is declining country in every perspective of technology and industry.
Oh, gosh! It looks like a troubling future for japanese society. Maybe, Japan could end up similar to Argentina…