Japan economics thread.

[PiSigma]

Japan enter unknown era with Yen to USD equal 150 dangerous sign flashing

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Plaza accord 2.0 might come if it drops any further, then another 3 decades lost.

 

[Minm]

Japan enter unknown era with Yen to USD equal 150 dangerous sign flashing

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Germany will overtake Japan's GDP if the yen keeps going down. Using the IMF projections for 2021 and 2022, Japan will probably drop from third to fourth largest economy. Its 2021 GDP will be smaller than Germany's at EUR/JPY of 152 and its 2022 GDP will be smaller at EUR/JPY of 143. So if the 2022 prediction is correct and EUR/JPY stays where it is today, Japan will be smaller.

Dropping to the fourth economy might be the shock Japan needs to rebuild its economy

 

[gadgetcool5]

Germany will overtake Japan's GDP if the yen keeps going down. Using the IMF projections for 2021 and 2022, Japan will probably drop from third to fourth largest economy. Its 2021 GDP will be smaller than Germany's at EUR/JPY of 152 and its 2022 GDP will be smaller at EUR/JPY of 143. So if the 2022 prediction is correct and EUR/JPY stays where it is today, Japan will be smaller.

Dropping to the fourth economy might be the shock Japan needs to rebuild its economy

That would be really shocking considering that Japan's population is about 40 million bigger than Germany's.

 

[SanWenYu]

Germany will overtake Japan's GDP if the yen keeps going down. Using the IMF projections for 2021 and 2022, Japan will probably drop from third to fourth largest economy. Its 2021 GDP will be smaller than Germany's at EUR/JPY of 152 and its 2022 GDP will be smaller at EUR/JPY of 143. So if the 2022 prediction is correct and EUR/JPY stays where it is today, Japan will be smaller.

Dropping to the fourth economy might be the shock Japan needs to rebuild its economy

To Japanese no shock is bigger than being overpassed by China. They did not wake up then.

Seeing the Japanese government, and the public at large, are siding with the US even more, I'd say that they will probably stay asleep.

 

[henrik]

To Japanese no shock is bigger than being overpassed by China. They did not wake up then.

Seeing the Japanese government, and the public at large, are siding with the US even more, I'd say that they will probably stay asleep.

How about being surpassed by the Indians? Would that be a bigger shock?

 

[pmc]

I presume most of G7 and some other countries will surpass Japan. it is just matter of time. when Spain decide to go big on Semiconductors this the end of Japan as we know it.

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[SanWenYu]

How about being surpassed by the Indians? Would that be a bigger shock?

That would probably depend on how soon it happens.

 

[ficker22]

That would probably depend on how soon it happens.

Bro, already happened 3000 B.C. under vedic super powa hyper power interstellar space travel hindutva race

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[supercat]

both U.S. and Japan are well ahead of China in pharmaceuticals and medical devices manufacturing, two highly profitable industries.

China needs to invest more in the research of life sciences. According to Nature Index, in 2021, the Chinese Academy of Sciences (CAS) is the world's leading institution in physical sciences, chemistry (ever wondered why China makes some of the best EV batteries?), Earth and environmental sciences, but only the 5th in life sciences.

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[Minm]

To Japanese no shock is bigger than being overpassed by China. They did not wake up then.

Seeing the Japanese government, and the public at large, are siding with the US even more, I'd say that they will probably stay asleep.

China was always going to surpass them because of the population size. Being surpassed by a smaller country should be a bigger shock