TOKYO/HONG KONG -- While Japan's nominal gross domestic product slipped below Germany's last year, making it the world's fourth-largest economy, the country's growth rate has surpassed that of China for the first time in almost half a century.
Economy
Japan's nominal GDP outgrows China's for first time in 46 years
2023 growth rates reverse due to deflationary pressure from housing, employment slumps
With the country's property boom over, Beijing is funneling more funds to the manufacturing sector, an analyst said. © Reuters
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