The International Monetary Fund has forecast that Japan will drop to the fourth-largest economy this year after being overtaken by Germany for the first time in 55 years.
According to the IMF forecast, Japan’s nominal GDP will go down 0.2% from the previous year to $4.23 trillion, while Germany‘s nominal GDP is expected to go up 8.4% to $4.43 trillion.
A big reason behind the fall is attributed to the weak yen and inflation, with the depreciation of the yen showing how much it has effectively reduced the scale of Japan’s economy.
“The cost of eating out has gone up by 30% to 40%,” said a German tourist who commented that Germany had also been impacted by rapid inflation. “In addition to allowances for inflation, there are wage increases every year.”
According to Minister of Economy, Trade and Industry Yasutoshi Nishimura, “Japan’s growth potential is declining.”
Japan passed Germany (West Germany at the time) in 1968 to become the world’s second-largest economy and held the spot for some decades, but was overtaken by China in 2010. After half a century since 1968, Japan is set to be passed by Germany.
Here’s a news report on the matter:
GDP is a meaningless number. The real question is where would you rather live.
You’ve just reminded me of how my EU shithole’s GDP keeps growing non-stop as the people get poorer and the number of homeless increases.
Can confirm. GDP is breaking records every year while homelessness is the worst it’s been since the last famine.
Germany’s green revolution may very well make that a very temp thing. The energy issue alone is already sinking most of their industry. Look for that to accelerate as the loony eco scum push harder and harder.
After Germany fucked itself by having its pipes from Russia explode and currently undergo de-industrialization, Japan is going to look better than them.
Get woke, go broke. Japan is slowly going progressively woke by the day, suppressing JAV industry, censoring anime & hentai, kowtow to California by self-censoring video games, basically they are following the Disney’s Star Wars trilogy & Marvel failfest.
How can your economy getting better with all these constant self-sabotage baloney?
I haven’t heard of anything else suppressing the JAV industry besides the mosaics and stupid law that got passed 2 years ago. You have a point with anime censorship but haven’t heard of anything with hentai besides, again, mosaics.
Yeah a lot of the problems with their economy are self-inflicted. They could easily surpass the American porn industry if they stopped the stupid censorship.
Germany will be soon under the sharia. So enjoy those GDP while being imprisoned for listening music or something like that.