Has Japan's Nominal GDP shrank by $1 trillion in 2013?

[Cyberian]

The International Monetary Fund is reporting that Japan's Nominal GDP has shrunk from $5.938 trillion in 2012 to $4.902 trillion in 2013.

Report for Selected Countries and Subjects
List of countries by GDP (nominal) - Wikipedia

 

[Raphael]

Yes. Abe has followed a intensive 'quantitative easing' policy to drive down the yen and make Japanese exports more competitive against Chinese/Korean exports that have eaten into its traditional markets. The result, at least in the short-term, is a plunge in its nominal GDP. It's GDP (PPP) has not taken such a hit.

 

[Nan Yang]

If India GDP is just less 12 billion, it would have shrink too.

 

[Kloitra]

If India GDP is just less 12 billion, it would have shrink too.

Can you elaborate what do you want to say here?

 

[senheiser]

it just shows that nominal GDP is not important how people are always saying, hence the biggest currency manipulator isnt even punished for printing money since every GDP measure is counted in dollars. Japan is maybe printing money and makes itself cheaper but it doesnt devalue the nissan cars and fujitsu chips made in japan.

 

[Nan Yang]

Can you elaborate what do you want to say here?

Just stating that based on the GDP figures, India's nominal GDP increased only 11.9 billion from 2012 to 2013.
That is all. Nothing more, nothing less. No offense intended.

 

[Kloitra]

Just stating that based on the GDP figures, India's nominal GDP increased only 11.9 billion from 2012 to 2013.
That is all. Nothing more, nothing less. No offense intended.

It just didn't made any sense according to the topic. No offence taken!

 

[mike2000]

well its not reallyy a big deal, since Japan still has the highest living standard in Asia(out of singapore). it still has a higher GDP than france, britain and even Germany (though its reasonable since they have a smaller population than Japan), So its GDP might shrank but its still a power to be reckoned with in Asia and has a very competitive industry/companies with advance technology. that's what really matters.

 

[ephone]

That cannot be true. I do not think a country's GDP can shrink that much in a year.

The International Monetary Fund is reporting that Japan's Nominal GDP has shrunk from $5.938 trillion in 2012 to $4.902 trillion in 2013.

Report for Selected Countries and Subjects
List of countries by GDP (nominal) - Wikipedia