Germany overtakes Japan as 3rd-biggest economy

TOKYO: Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed on Thursday, although India is projected to leapfrog both later this decade.

Despite growing 1.9 percent, Japan's nominal 2023 gross domestic product (GDP) in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, according to figures released last month.