Why is Japan’s GDP still the world’s third largest after nearly 30 years of stagnation?

2022-08-04 0 By

Sometimes things seem to have increased over time, but in fact they haven’t changed much.Thirty years ago, Japan’s economy still exceeded 3.1 trillion US dollars. However, another 30 years later, Japan’s economy reached 5 trillion US dollars, which is a lot more numerically, but in fact, it also caused some problems.The main reason for this is that over the past 30 years, the value of the dollar and the yen has also changed dramatically.We can take for example, 30 years ago to become a 10 thousand yuan household, absolutely let a person envy, to now, 10 thousand yuan household has become history, many people a month salary is more than 10 thousand yuan.From 1990 to 2020, Japan’s economy was sluggish, with a growth rate of around 1% for nine years and even negative growth last year.Even so, Japan is still the world’s third-largest economy, behind the United States and China, and well ahead of Germany, the fastest growing in Europe.And for a long time, Japan was the world’s third-largest economy.In 1990, The size of Japan’s economy reached a staggering three trillion dollars, while that of the United States was just over five trillion dollars. It can be seen that Japan’s economy was at its peak.Why is Japan’s economy still the third largest in the world despite its nearly three decades of stagnation?After world War II, Japan’s economy developed rapidly and rapidly with the support of the United States. The reason why the United States wanted to help Japan was that the United States wanted to use Japan as its bridgehead in Asia, so they supported this old rival.So, while giving a lot of money to Japan, the United States also transferred some of its industrial focus to Japan.Now, the U.S. is behind all of Japan’s major domestic companies, and the Japanese economy is almost completely controlled by the U.S., which makes it difficult for them to go any other way.In 1990, The size of Japan’s economy had reached a staggering 3.1 trillion DOLLARS, while Germany and the United Kingdom did not exceed 2 trillion dollars, and China was less than 400 billion dollars at that time.In other words, Japan became the world’s economic powerhouse during that period, and it took a lot of effort for other countries to catch up.The developed economy has made every Household in Japan have their own cars very early, and many families have even achieved the popularity of cameras, which is difficult to achieve in China.I think this principle can be applied to the Japanese economy, which has contributed a lot to its economic decline in recent years.Even so, the size of Japan’s economy is still impressive. After all, at this time, Japan’s economy has reached a certain scale, so it is relatively easy to maintain its position.See more than things to face a lot of people think that Japan’s economic decline in nearly three decades, early, this is ten years, is twenty years later, finally become thirty years, but have a bit must be admitted that, that is the three decades is not the Japanese economy in all aspects of a recession this time, the real economic decline is only seven years, at other times, Japan’s economic growth speed slow.At 1% most of the time, but sometimes as high as a staggering 4%, Japan’s economy is still not to be sniffed at.In recent years, Japan has been in recession, but in fact, the main body of the Japanese economy is still in a state of slow development, rather than a comprehensive recession, and in recent years, the international economy has undergone drastic changes, and The Japanese economy is also upgrading its own industrial economy.Manufacturing used to be the key to Japan’s rise, but as time went on, there was still a decline. In addition to this problem, Japan’s aging, small number of children and other issues to deal with.To avoid its own problems affecting the economy, Japan moved some industries abroad and kept its core technologies and brands at home.Many of the world’s top 500 companies are Japanese, second only to the United States.Today, Japanese manufacturing is still strong competitiveness in the world, their currency after the dollar yen and sterling, some even better than the euro, Japan’s overseas investment after the United States, to say the Japanese recession this 30 years, compared with before take-off period, their economy as a whole in a slow period, not all full-blown recession.In the world, there are very few countries that can surpass Japan’s economic size. To judge this figure, we must judge it from the aspects of population, economy and science and technology. Therefore, I think it will be difficult for other countries except China to surpass Japan in a short period of time.Other European countries did not fare well during Japan’s recession.At the time, Germany’s economy was only half the size of Japan’s, Britain’s and France’s were only one-third the size of Japan’s, and growing not much faster than Japan’s, and far worse than other countries’.Among the developing countries, there are a few countries that can surpass Japan, but they all meet various countries during this period, so even today, there is still a big gap with Japan’s economy.As can be seen from the above, Japan’s slow economic development is a relatively correct book Buddha, after all, in the past 30 years, most countries can hardly surpass Japan in a short time.So Japan’s economic ascendancy is here to stay.What do you think about that?