{"id":61921,"date":"2024-02-15T13:42:01","date_gmt":"2024-02-15T04:42:01","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2024\/feb\/15\/japan-recession-economy-falls-behind-germany-worlds-largest"},"modified":"2024-02-15T13:42:01","modified_gmt":"2024-02-15T04:42:01","slug":"japan-loses-crown-as-worlds-third-largest-economy-after-it-slips-into-recession","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=61921","title":{"rendered":"Japan loses crown as world\u2019s third-largest economy after it slips into recession"},"content":{"rendered":"<p>Fall in rank below Germany has been attributed to a weak yen and country\u2019s ageing, shrinking population<\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/world\/japan\">Japan<\/a> has been eclipsed by Germany as the world\u2019s third-biggest economy and has slipped into recession, according to data released Thursday, as the country battles a weak yen and an ageing, shrinking population.<\/p>\n<p>Japan\u2019s economy, now the world\u2019s fourth-biggest, grew 1.9% in 2023 in nominal terms \u2013 meaning it is not adjusted for inflation \u2013 but in dollar terms its gross domestic product (GDP) stood at $4.2tn compared with $4.5tn for Germany.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2024\/feb\/15\/japan-recession-economy-falls-behind-germany-worlds-largest\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fall in rank below Germany has been attributed to a weak yen and country\u2019s ageing, shrinking populationJapan has been eclipsed by Germany as the world\u2019s third-biggest economy and has slipped into recession, according to data released Thursday, as the c&#8230;<\/p>\n","protected":false},"author":344,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[437,221,533,88],"tags":[],"class_list":["post-61921","post","type-post","status-publish","format-standard","hentry","category-economics","category-europe","category-germany","category-japan"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/61921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/344"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61921"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/61921\/revisions"}],"predecessor-version":[{"id":61922,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/61921\/revisions\/61922"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}