[HIGHLIGHTS] The loss of speed in the Japanese economy is accelerating, officially overtaken by Germany

Japan lost its symbolic title of third economic power in the world to Germany in 2023. The loss of speed in the Japanese economy is accelerating, officially overtaken by Germany.

For Germany, this title was promised to it since last October by forecasts from the International Monetary Fund (IMF) The decline of the Japanese currency continued last year (-7% against the dollar). It mainly comes from the gap between the drastic monetary tightening carried out in the United States and Europe since 2022 and the Bank of Japan's ultra-accommodating course.