Recession: Japan loses its spot as 3rd largest economy to Germany

Credit: IndiaTimes- Published on February 15, 2024
Japan's economy slips into recession due to anemic domestic demand, prompting central bank watchers to push back bets on when the nation's negative interest rate policy will end. GDP contracts for a second quarter, households and businesses cut spending, and Germany now has the world's third-largest economy. Cabinet Office...

Video credit: Oneindia
Published on February 15, 2024 -  03:02
Japan's Economy Slips, Loses Third Spot in World Rankings Amid Recession| Oneindia News
Japan falls to the fourth-largest economy, yielding to Germany, as it plunges into recession due to a weak yen and ageing population. Structural reforms are urged by Yoshitaka Shindo to spur growth. Japan's economic woes signal the need for urgent action to address demographic challenges and regain competitiveness. recession,japan,japan recession,japan economy,japan economy recession,bank of japan,recession coming in japan,japan economy explained,japan heading towards recession,japan economy news,japan economy 2020,japan economy crisis,japan economics,economy of japan,japan economy,japan economy 2023,the economy of japan,technical recession,how japan economy works,japan economy problems,japan gdp,japan economy documentary,japan news,Oneindia, Oneindia news #Japan #Japaneconomy #Recession #Yen #IMF #Germany #India #Worldeconomy #Financenews #Oneindia #Oneindia News ~PR.152~ED.101~GR.121~HT.96~

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