I am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018.
Japan has ceded its spot as the world’s third-largest economy to Germany after its gross domestic product shrank for a second consecutive time in the fourth quarter of 2023, government data released Thursday showed, pushing the Asian country into an unexpected recession.released by the Japanese Cabinet Office showed that Japan’s GDP fell an annualized 0.4% in the October-December quarter—the second straight quarter of decline after a 3.3% annualized drop in the previous three-month period.
With a nominal GDP of $4.2 trillion in 2023, Japan’s economy is now smaller than Germany’s $4.4 trillion, despite the latter’s economy150.18. That is the conversion value of one U.S. dollar to the Japanese Yen. This is the weakest level the Japanese currency has hit since briefly breaching the 150 mark in November last year.that the metric may not be appropriate due to the country’s “poor quality” GDP data, which is “often subject to large revisions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Submerged wall could be the largest Stone Age megastructure in EuropeA stone wall nearly a kilometre long found under the Baltic Sea may have been built by ancient hunters to channel deer into a confined space
Read more »
What is the largest Super Bowl halftime deficit a team has overcome?Tom Brady and the New England Patriots pulled off the biggest comeback in Super Bowl history with their 34-28 overtime win over the Atlanta Falcons in 2017.
Read more »
Russian drone strike on Kharkiv, Ukraine's 2nd largest city, kills 7The governor of the Ukrainian region of Kharkiv says a Russian drone strike on the city of the same name, the second-largest city in the country, killed seven people overnight, including three children
Read more »
Clipped wings: Utah's largest wildlife rehabilitation facility faces an uncertain futureThe Wildlife Rehabilitation Center of northern Utah's former facility is officially destined for demolition and will not be able to rehabilitate any more animal rescues in the immediate future.
Read more »
Saturn's largest moon most likely uninhabitableA study led by Western astrobiologist Catherine Neish shows the subsurface ocean of Titan—the largest moon of Saturn—is most likely a non-habitable environment, meaning any hope of finding life in the icy world is dead in the water.
Read more »
Klaytn and Finschia merger greenlit to form Asia’s largest web3 ecosystemLayer-1 blockchains Klaytn and Finschia announced Thursday that their proposal to merge the two networks has been officially approved.
Read more »