Japan ousted from 3rd to 4th largest GDP #podcast #japanesepodcast #comedy #news #japan
So it says the country’s gross domestic product uh GDP contracted by a worse than expected 4% in the last 3 months of 20123 compared to a year earlier it came after the economy shrank by 3.3% in the previous quarter the figures from Japan’s cabinet office also indicate
That the country has lost its position as the world’s third largest economy to Germany you know Japan’s just been a weird country because you know since the bubble crash in the 90s uh they basically went to the press and started well one one thing that they started doing is they started printing money
Quantitative easing um and then another thing that they did is they started like internally loaning just F tons of money just so much internal Loan in in the country and so um then they they experienced inflation then they experienced deflation which we still don’t really understand that at all it’s
And then it’s just been all over the place like economically Japan has just been kind of screwed
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