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Taiwan to surpass Japan in GDP per capita this year: JCER

South Korea to pull ahead in 2023 as weak yen compounds low productivity

Taiwan's per capita gross domestic product is projected to grow 6.2% a year on average this decade.   © Reuters

BEIJING -- Japan is about to fall behind Taiwan and South Korea in terms of economic output per person, forecasts show, as the yen's plunge against the dollar accelerates a reversal driven by a productivity gap.

The Japan Center for Economic Research said Wednesday it expects Taiwan to pull ahead this year and South Korea in 2023 -- earlier than last year's forecast of 2028 and 2027, respectively.

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