Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
Japan has slipped to the world’s fourth-largest economy as government data released Thursday showed it fell behind the size of Germany's in 2023.
The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children, analysts say.
Japan fell from the second-ranked economy behind's economy grew. The International Monetary Fund had forecast Japan’s fall to fourth.
