economy-cina”>According to current data, China surpass Japan as the world’s second largest economy, according to preliminary figures from the Tokyo government’s Gross Domestic Product (GDP) in the second quarter. First is the United States.

Statistics are available from Tokyo Japan showed that GDP in the second quarter reached a value of 1.28 billion, compared with 1.33 billion of China’s GDP. Although this figure is not comparable with ease because they do not take into account seasonal effects, it appears that the strong neighbor to replace Japan as the second largest economy, Japan’s Nikkei business daily said.

Japan boasted more than four decades, the title of the second-largest economy after the United States. Has climbed into second place in the table of global economy in 1968, then moved to Germany to third place. German economy will now be relegated to fourth position in the new data. This is because that China has stolen from the German world title in exports.

Meteoric increase in the Chinese economy, however, is relatives if we take into account that GDP per capita is lower than Japan and Germany. While China has about 1.3 billion people, in Japan the number increased to 128 million and in Germany only about 82 million people.

Regarding Japan, the economy continues to grow, although less than expected by experts. According to government figures, GDP grew at an annual rate of only 0.4 percent because of falling exports and weak private consumption. Compared with the previous quarter, GDP grew from April to June amounted to 0.1 percent. Evolution is currently also a reflection of the government that the steps to stimulate the economy began to lose strength.

In the first quarter economic growth was still 4.4 percent from a year earlier. ”I think the latest figures showed the economy growing steadily,” is the interpretation of the Minister of Economy and Fiscal Policy, Satoshi Arai. Minister warns, however, the potential risk to the Japanese economy, which relies heavily on exports, because of unstable economic situation in the United States and Europe. Japanese economy also experienced deflation, with a permanent price reduction.

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