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World's Third Largest Economy: India to Beat Japan
By siliconindia
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Wednesday, 21 September 2011, 01:06 IST |
19 Comments
Coming back to Japan, the "land of the rising sun" is also currently battling with a shrinking labor force. It is trying to boost employment by raising labor participation among the elderly, young, and women, pursuing trade liberalization, and promoting SME restructuring.
Despite Japan's economic slowdown in recent years, and the disaster in March, the report says that as one of the largest and richest economies in the world, Japan remains an important contributor to regional growth and stability.
