Japan drops to 35th in World Competitiveness Ranking, lowest ever

Jun 20, 2023 | News On Japan

TOKYO - This year's "World Competitiveness Ranking", which evaluates the business environment of each country, was announced Tuesday morning, with Japan ranked 35th, the lowest ever.

Swiss business school IMD evaluates the business environment and policies for 64 countries around the world based on economic statistics and awareness surveys for managers and announces the "International Competitiveness Ranking".

This year's results showed Japan fell one place from last year's 34th place to 35th, the lowest ever.

In the field of management, "corporate agility" and "utilization of big data, etc." Japan was ranked 64th, the lowest.

Fiscal-related items such as "total government debt" are also rated low, which is a factor in the slump in the ranking.

For the second year in a row, Denmark topped the overall list, followed by Ireland and Switzerland, TV Asahi reports.

Source: ANNnewsCH

Research Map Shows Japan Faces Scorching Summers

Japan is likely to face increasingly long and dangerously hot summers as global temperatures continue to rise, with advanced climate simulations also pointing to more frequent torrential rain, rising seas and accelerating ice loss by the end of the century.

Japan Revises Imperial Law to Keep Married Women in Royal Family

Japan's revised Imperial House Law was enacted after clearing the House of Councillors with majority support, allowing female members to retain royal status after marriage and male-line descendants of former imperial family branches to enter the Imperial Household through adoption.

New Typhoon Likely to Form Far South of Japan

A tropical depression near the Truk Islands is expected to strengthen into a typhoon within 12 hours, but forecasters say it is unlikely to have any direct impact on Japan.

Protest Held Against Japan Flag Protection Bill

A protest against Prime Minister Sanae Takaichi was held in Tokyo's Shibuya district on July 16 as public concern grew over a bill that would impose criminal penalties for damaging the Japanese flag.

Tobu Railway Introduces Walk-Through Facial Recognition

Tobu Railway has introduced walk-through facial recognition ticket gates at Ikebukuro and Kami-Itabashi stations on the Tobu Tojo Line, allowing registered commuters to enter without presenting a ticket or IC card.

MEDIA CHANNELS

MORE Business NEWS

Nissan Unveils First New Elgrand in 16 Years

Nissan Motor unveiled a fully redesigned Elgrand minivan on July 17, marking the model's first complete overhaul in 16 years, while introducing a new brand message as the automaker seeks to rebuild its business and revive sales.

Japan 7/11 Plans Major Polish Takeover

Seven & i Holdings is considering investing several hundred billion yen in Zabka Group, Poland's largest convenience store operator, as the Japanese retailer seeks to expand its presence in Europe.

Japanese Firms Increase Focus on Automation and AI

Japanese manufacturers including Fanuc, Yaskawa Electric, Fujitsu, Hitachi, Kawasaki Heavy Industries and Komatsu announced new artificial intelligence initiatives on July 16 as Nvidia expanded its partnerships with Japan's robotics and industrial sectors.

Nikkei Drops as Korea Rate Hike Revives AI Selloff

Tokyo stocks fell sharply on July 16 as renewed selling in South Korean semiconductor shares spread to Japan’s AI and chip-related names, while household inflation expectations hit a record high and kept pressure on the Bank of Japan to maintain a tightening bias.