Todd Kreider makes some fun at the expense of METI.
India passes Japan…
….sometime early next year.
This is one of those rare events like a total solar eclipse. Although many of us (myself included) missed the last economic eclipse in 1995 when China overtook Japan, we still have plenty of time to set up tents, get out the binoculars, and look East as India eclipses Japan sometime next year.
I don’t see any other heavily populated, fast growing economies on the horizon, so this may be it for a while.
Wasn’t someone at METI watching the rear? Maybe Japan can stall this by churning out more cement. (2003)
US $11 billion
China $6.5 billion
Japan $3.6 billion
India $3.0 billion….$3.3 billion in 2004