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The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [24] It is the fourth-largest economy in the world by nominal GDP behind the United States, China, and Germany, and the fifth-largest by purchasing power parity (PPP), below India and Russia but ahead of Germany. [25]
Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. [8] [1] [11]
For the whole of 2023, Japan’s nominal GDP grew 5.7% over 2023 to come in at 591.48 trillion yen, or $4.2 trillion based on the average exchange rate in 2023.
Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday. ... The world’s fourth-largest economy grew 0.2 ...
Japan’s economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday. Japan’s GDP shrank 0.6% in ...
Japan's economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. Weak wage growth in the world’s third-largest economy ...
On Thursday, Japan’s cabinet office unveiled its preliminary estimates for GDP growth, announcing that the country’s economy shrank by a 2% annualized rate in the first three months of 2024 ...