Not all countries remain great. Spain was a superpower in the 1400s-1800s at the late medieval ages and early modern ages, almost as strong as Ming and Qing China. 400 years is a long time. 500 million people speak Spanish for a reason.Whether they have some dying industries or not doesn't matter. The official ranking by nominal GDP is widely regarded as a ranking of national power. It will be a shock to the national psyche of Japan to drop out of the top three. They will start to finally recognise their decline. Abe said Japan will never be a tier two nation, once they're number 4 they will officially be tier two. Prepare yourself for the headlines once 2023 GDP numbers are out. 2023 H1 should show it already
Yet the Spanish Empire, like the Chinese Empire, failed to industrialize. They used swords and muskets against stone age Aztecs, yet by the 19th century the UK and US used automatic cannons and rifles against their swords and muskets. They were warned about the power of industrialization by China's example yet they still slept. By 1900 it was too late and the Spanish Empire was broken up.
Whose to say that Japan isn't a one time wonder like Spain with a brief burst of brilliance in the 19th and 20th centuries then fades to irrelevance? Not everyone can survive and adapt like China.
