Economic superpower
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Sure, Japan can pretend it is still relevant. And everyone can pretend to believe it.
Japan is irrelevant. Here is why:
Japan just doesn't have the size to compete with China anymore.
Size is the primary determinant of global power. China has utilised its size to make Japan irrelevant. Being a rich country don't make you a powerful country. Qatar and Singapore are rich but not powerful as they lack the population size.
What China lacks in per capita, it makes up in absolute numbers. You determine global power by multiplying per capita with total population size. China has reached a point where its per capita is big enough to make it bigger than Japan in pretty much every area in absolute size.
Absolute power is the only power metric that is relevant in the world.
Only way for a smaller populated country to be WELL AHEAD of a larger populated country is by having a MASSIVE technological advantage. But the technological gap between Japan and China are closing at a significant rate. China is catching up quicker than Japan can move ahead.
When China reaches technological parity with Japan in the areas where Japan is ahead, then Japan will have no where to run but accept China as its master.
China has checkmated Japan!
END OF STORY
China's Global Ranking in every category:
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• Financial:
Inbound Portfolio Investment (?)
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Foreign Exchange Reserves (1)
Sovereign Wealth Fund Assets (1)
Gold Reserves (5)
Reserve Currency % (?)
Foreign Exchange market (?)
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Banking Assets (3)
Insurance market (4)
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Commodities trading market (?)
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Venture Capital market (?)
Credit Card market (2)
Online 3rd-party payment market (?)
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• Technology:
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International sci-tech papers published (2)
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Highly cited international sci-tech papers (4)
Patents granted by WIPO (5)
Fortune 500 global brands (2)
Forbes 2000 global brands (2)
Most supercomputers in Top 500 (2)
• Transportation:
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• Consumption:
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Energy market (1)
Renewable Energy market (1)
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Industrial Metals market (1)
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Agriculture market (1)
Agricultural Machinery market (1)
Luxury market (2)
Automobile market (1)
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Air travel market (2)
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Search Advertising market (2)
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Beer market (1)
Wine market (5)
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IT market (2)
Consumer Electronics market (1)
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3G market (1)
4G LTE market (2)
Tablet market (2)
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NAND Flash market (1)
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Entertainment & Media market (5)
Movie market (2)
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Cosmetic market (3)
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Silicon production (1)
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Diamond production (6)
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• Energy:
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Energy production (1)
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Coal production (1)
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Oil production (4)
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Natural Gas production (7)
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Uranium production (9)
Uranium consumption (3)
Hydropower production (1)
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Wind power production (1)
Wind power consumption (1)
Solar power production (1)
Solar power consumption (1)
• Agriculture:
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Rice production (1)
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Wheat production (1)
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Corn consumption (2)
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Banana production (3)
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