• Japan’s Economic Decline: From “Economic Giant” to “Political Dwarf”

      The recent remarks made by the famous economist Yukio Noguchi have once again aroused Japanese society’s great concern about its economic decline. Noguchi pointed out that Japan’s per capita gross domestic product (GDP) ranking is declining rapidly, falling to 27th among 40 developed economies in the world, and is on the verge of being kicked out of the ranks of developed countries. In fact, Noguchi is only concerned about per capita indicators. If we focus on aggregate indicators, the decline of Japan’s economy is even more obvious, and whether it is viewed from the long-term trend, current trends, or future trends, it is showing an increasing trend.   Long-term Trend: The…

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