Economic Recession and Yen Depreciation Push Japan Behind Germany Japan has relinquished its position as the world’s third-largest economy to Germany, sliding into recession amid challenges such as a depreciating yen and demographic issues like an aging and decreasing population. Despite achieving a 1.9% growth in 2023 in nominal terms (not adjusted for inflation), Japan’s Gross Domestic Product (GDP) in dollar terms amounted to $4.2 trillion, falling short of Germany’s $4.5 trillion. The depreciation of the yen, which saw nearly a fifth of its value eroded against the dollar over the last two years—including a 7% drop last year alone—has been a critical factor, as it diminishes the value of repatriated earnings from exports. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Elite Hedge Fund's GameStop Bet Nets Millions Amid Meme Stock 400% Surge READ MORE ZeroHedge: Gold's "Catapult Has Been Built; Silver's is Next" READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and Silver READ MORE Silver: "A Quadruple From Here Is LOGICAL" READ MORE Dramatic Fluctuations for Yen as It Struggles Against Dollar Surge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment