Japan's economy falls out of Top 3
For Japan, 2023 is a more disappointing year, from the beginning of last year was predicted by the outside world that the economy will decline, to the beginning of 2024, the forecast came true, a year's time to helplessly give the third place in the global economy to the old rival Germany. The fall of the Japanese economy is caused by both the overall decline of the global economy and the reasons for its own decision-making mistakes leading to lagging development.
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