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According to the International Monetary Fund's forecast, Japan's nominal GDP will drop from third to fourth in the world in 2023, with Germany overtaking it.
Analysts believe that the fundamental reason for this result is not the depreciation of the Japanese yen, but the lack of vitality in the Japanese economy.
Japanese Prime Minister Fumio Kishida said on the 23rd that he hopes to help alleviate the cost of living crisis for Japanese people through measures such as the upcoming package plan.
However, the Japanese public seems to have lost confidence in the government's economic stimulus plan. The poll results show that the support rate of the Kishida Cabinet is only 32.3%, setting a new low since the formation of the cabinet in October 2021.