News On Japan

India to surpass Japan as Asia’s 2nd largest economy by 2030

Jan 08 (thehindu.com) - India is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the U.K. to rank as the world’s No.3, IHS Markit said in a report on Friday.

Currently, India is the sixth-largest economy, behind the U.S., China, Japan, Germany and the U.K. “India’s nominal GDP... is forecast to rise from $2.7 trillion in 2021 to $8.4 trillion by 2030,” IHS Markit said. “This rapid pace of economic expansion would result in the size of Indian GDP exceeding Japanese GDP by 2030, making India the second-largest economy in the Asia-Pacific region.” By 2030, the Indian economy would also be larger in size than the largest Western European economies of Germany, France and the U.K. The long-term outlook for the Indian economy is supported by a number of key growth drivers.

“An important positive factor for India is its large and fast-growing middle class, which is helping to drive consumer spending,” IHS Markit said, forecasting that the country’s consumption expenditure will double from $1.5 trillion in 2020 to $3 trillion by 2030.

News On Japan
POPULAR NEWS

Zao’s iconic snow monsters, the frost-covered trees known as 'juhyo,' face an existential threat. These towering, snow-laden trees have long been a winter highlight in the region, famously resembling monstrous figures covered in snow. However, their survival is now under severe threat.

EF Education First, a global education organization, published this year’s English Proficiency Index on Wednesday, ranking nations worldwide. Japan’s ranking stood at 92nd among 116 countries and regions, continuing a 14-year trend of record lows.

Ginzan Hot Springs in Yamagata, known for its Taisho-era charm, is now at peak season for autumn foliage. While this secluded onsen town is a well-known destination in the Tohoku region, an influx of foreign tourists has led local officials to implement restrictions on day visitors starting next month.

Japan's Ministry of Health, Labour and Welfare has announced plans to allow the sale of over-the-counter drugs at convenience stores without on-site pharmacists.

Japan's Ministry of Health, Labour and Welfare's advisory panel has outlined a proposal for amending the law to prohibit working more than 14 consecutive days. Under the current system, workers can technically work up to 48 days in a row through a system known as 'four-day-off-per-four-weeks,' while labor agreements also allow for holiday work, meaning there are no effective restrictions on consecutive workdays.

MEDIA CHANNELS
         

MORE Society NEWS

An hour long documentary looking at the life of the Sugiura family, fish merchants and caterers living in Tokyo. Producer, director, John Nathan Explores the professional and personal lives of a Japanese family, Takes a look at the everyday life of a Japanese family living in Tokyo. (TRNGL)

The number of single-person households in Japan is expected to surpass 40% by 2050, according to recent projections.

It's no secret that Japan is lined with seemingly forgotten about cars. This is the second video I dedicate to showing you guys what I can sometimes run across in my travels and as much as it is sad to see cars left to crumble away into nothingness, there's always something impossibly visual about seeing grimy decay, especially if on cars we all love so much. (Dino DC)

A 65-year-old American tourist, Hays Steve Lee, was arrested on suspicion of property damage after reportedly carving letters into the torii gate at Meiji Shrine, Tokyo's prominent cultural landmark.

A man, identified as Satoshi Kato, a 33-year-old freelance editor for the sports magazine Number, has been arrested.

A young woman was arrested after spending seven hours in a karaoke room alone, even extending her stay, without any intention of paying.

The Office of the U.S. Attorney for the Southern District of New York announced that 45-year-old New York resident Yvette Wang has pleaded guilty to charges of conspiracy to commit fraud and money laundering.

A unique wedding ceremony recently took place in Fukusaki Town, Hyogo Prefecture, where efforts are underway to revitalize the town through the allure of 'yokai' (supernatural creatures in Japanese folklore).