They got overtaken by Germany a country with 50% lower population and the gap is widening. Their gdp per capita is below some Eastern European countries and way below other developed countries that used to have similar gdp per capita. Yen’s devaluation is getting faster so in the future I don’t think Japan can even be called a first world country anymore. What exactly caused this? I know Japan has been in recession since the early 90s but this last few years seem to be extra harsh on Japan
In: Economics
Japan is in some aspects the most advanced nation on earth, and in other the aspects one of the most conservative. This is very apparant in their work. I work with them, they are NOT easy. Everything, no matter how small takes a long time, they can get stuck on the most minor and unimportant details, and they are very rigid and unopen to change.
They also have a huge population decline and high suicide rate.
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