[HIGHLIGHTS] International Knowledge Bureau: First there was Germany and then there was India. Will Japan’s GDP, which is hit by a pinch, fall again and again?

Preliminary statistics on Japan's GDP in 2023 are 591.482 trillion yen, approximately US$4,210.6 billion. By 2024, Japan’s “myth” has finally been overtaken by Germany.

In mid-December 2023, Markus Steilemann, chairman of the German Chemical Industry Association, expressed a sense of crisis, "We are in a deep and long trough." More and more companies in Germany predict that the business environment will not improve before 2025. In fact, this is the long-term decline of Japan's economy.