Japan has to rethink and find new ways to become top 3 wealthy again.

Before 2022, Japan`s gross domestic product has remained third in the world, behind the United States and China. However, it has been surpassed by Germany in 2023 and has now fallen to fourth. Affected by the depreciation of the Yen, the GDP in dollar terms has decrease, and it is also facing structural problems such as a decrease in the growth rate due to population decline. 

The “Children`s Future Strategy” led by Japanese Prime Minister Fumio Kishida as a guideline to deal with the declining birthrate has predicted that if the population decline is not stopped, it will have a significant impact on Japans status as the world`s third largest economic power. On the other hands, Professor Yukiko Uchida of Kyoto University pointed out that the COVID-19 pandemic has shown up problems of inequality and loneliness in Japanese society, the divisions in society cannot be repaired with money, the experience of the past few years shows that by transforming into a mutually supportive society, the expansion of communication circles can support many stores that are struggling due to the epidemic and rising prices. the cycle of mutual help is the driving force behind the sustainable development of local economies in Japan.