Japan GDP Set to Confirm Slip to World’s Fourth-Largest Economy
- Germany’s economy almost certain to have overtaken Japan’s
- Picture skewed sharply by currency moves; India waits in wings
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Japan’s latest growth figures are set to confirm it slipped to fourth-largest economy in the world last year, a development that reflects the impact of its feeble currency and aging demographics.
While the economy is seen returning to annualized growth of 1.2% in the fourth quarter after a bruising contraction in the summer, figures for the calendar year due Thursday are almost certain to show the value of output falling behind Germany’s in dollar terms. India’s economy, meanwhile, is poised to overtake both in the next few years.