this post was submitted on 16 Feb 2024
231 points (98.7% liked)

World News

38531 readers
1837 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Japan slips into recession, becoming the 4th-largest economy, behind the US, China and now Germany.

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany.

The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP, though it grew 1.9% for all of 2023.

It contracted 2.9% in July-September. Two straight quarters of contraction are considered an indicator an economy is in a technical recession.

Japan’s economy was the second largest until 2010, when it was overtaken by China’s. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 7 months ago (1 children)

"We have declining birthrates and extremely strict immigration rules."

"Why is our economy failing?"

[–] [email protected] 3 points 7 months ago (1 children)

You know not everything is a problem of too little or too much immigration....

[–] [email protected] 11 points 7 months ago (1 children)

What? Yeah except I'm not talking about everything I'm talking about the economy. Dying countries have low immigration and Japan's self-imposed rules are pushing it into a recession because a lack of human workers leads to a weak workforce.

But I'd love to hear your theory on why Japan has fallen behind Germany.

[–] [email protected] 10 points 7 months ago

It's ridiculous. My friend married a Japanese woman and they had a boy. If the boy wasn't born in Japan, he wouldn't be a Japanese citizen in the future. Meanwhile, his Mexican father can't aspire to be a Japanese, even if his whole family is and they have been married for years.

Is even more ridiculous for people like this boy, since their double nationality rules are kind of weird to me. Whatever, it's just nuts.