Japanese economy overtaken by GermanyAP, TOKYOThe Japanese economy is now the world’s fourth-largest after it contracted in the fourth quarter of last year and fell behind Germany. The Japanese economy contracted 2.9 percent from July to September last year. Photo: AFPJapanese economy was the second-largest until 2010, when it was overtaken by Chinise economy. Japan’s nominal GDP totaled US$4.2 trillion last year, while Germany’s was US$4.4 trillion or US$4.5 trillion, depending on the currency conversion. Japan was historically touted as “an economic miracle,” rising from the ashes of World War II to become the second-largest economy after the US.

Source: Taipei Times February 16, 2024 03:45 UTC