[cityhantam]

http://www.businesskorea.co.kr/news/arti...dxno=97188

Japan Becoming Poorer than South Korea

Hitotsubashi University emeritus professor Yukio Noguchi remarked on July 24 that Japan is becoming poorer than South Korea as the value of the yen is continuing to fall along with the competitiveness of Japanese industries.

“When the current exchange rates are applied to the 2020 GDPs per capita, South Korea’s is US$31,902 and Japan’s is US$31,782 with that of the United States at US$76,027,” he said, adding, “This is because of Abenomics. In 2012, before the implementation of the policy, Japan’s GDP per capita was close to that of the United States and almost twice that of South Korea. In other words, Abenomics made Japan poor.”