2 ms·
As much of India catching up as JP falling down. JP's 2023 nominal/dollar GDP @4.2T is like 65% of previous peak @6.2T due to USD strenghening. USD strengthene
by maxglute 2y ago
As much of India catching up as JP falling down.
JP's 2023 nominal/dollar GDP @4.2T is like 65% of previous peak @6.2T due to USD strenghening. USD strengthened another 15% in 2024 so JP nominal GDP probably 55% of peak now. Per capita GDP dropped from 50k usd to 34k USD. Apart from FX drama that makes JP buying imports/going abroad difficult (while dealing with tourists), also general sign that JP's effort to improve business enviroment last couple decades have been failing. They can try to strenghten yen / but then lose exports to bother producers.