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Japan's per capita GDP ranking rebounded slightly in 2016

Yen-dollar rate a key factor in recent years

Cherry blossoms in full bloom in Tokyo during spring.   © Reuters

TOKYO -- Japan ranked 18th among 35 developed economies in per capita nominal gross domestic product in 2016, two spots above where it placed the year before, largely due to a strong yen inflating the figure in dollar terms.

Japan's per capita GDP rose 12.7% last year to $38,968, according to data published by the Cabinet Office on Friday. This is the first time the figure has grown in four years.

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