What does it mean that Japan's GDP has fallen out of the top three in the world?
What does it mean for Japan's GDP to fall out of the top three in the world?
Although only Germany's nominal GDP has been surpassed by Germany and dropped out of the world's top three, it also means that Japan's economy is actually going downhill, and Japan's real GDP is also very likely to be surpassed by Germany, thus falling out of the world's top three.
In fact, the Japanese economy has been stagnant for decades. Japan's nominal GDP has been overtaken by Germany, slipping out of the top three globally, meaning that the Japanese economy will remain stagnant for a long time.
The question is why Japan's economy, which has been stagnant for decades, continues to decline today and will continue to do so in the future.
The reason is still the lack of progress and technological development in Japan.
It is true that Japan's nominal GDP has been surpassed by Germany and has fallen out of the top three in the world, which is a concentrated manifestation of Japan's lack of progress and economic regression. The reason why Japan's economy retreats if it does not advance, and why it falls into the law of economic development that if it does not advance, it retreats, precisely because Japan does not develop, innovate, progress, or stagnate in science and technology, and it is falling behind others more and more, and as a result, it is overtaken by other countries.
In fact, it is the lack of innovation, progress, development, and stagnation in Japanese technology that is the most fundamental reason why Japan's economy will continue to stagnate in the future.