Japan's Declining Economic Status: Future Challenges Identified by Experts
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The decline of Japan's economic influence on the global stage has become a major issue. At the beginning of the 21st century, Japan's gross domestic product (GDP) accounted for approximately 15% of the world total, but by 2025, it had fallen to the 3% range. This rapid change indicates that Japan is losing its presence within the global economy.
Jitsuro Terashima, Chairman of the Japan Research Institute, points out that this economic decline is deeply connected to a decrease in political influence. There is growing concern that if the economy does not grow, Japan's voice and diplomatic power in the international community will weaken.
Experts argue that to break through the current situation, it is necessary to rethink conventional ways of thinking and consider a new form of democracy. In particular, as the population ages and the birth rate declines, how to increase productivity and achieve sustainable economic growth has become a key theme of discussion.
Moving forward, the promotion of digitalization, the cultivation of new industries, and the reform of social systems are required. For Japan to once again play an important role in the world, it is necessary for every citizen to correctly understand the current situation and take concrete actions toward the future.
Sources: 東京新聞
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