where does japan fall on the economic spectrum
Economy of Japan The economy of Japan is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP).[13][14] and is the world's second largest developed economy.[15] Japan is a member of the G7. According to the International Monetary Fund, the country's per capita GDP (PPP) was at $37,519, the 28th highest in 2014,[16] down from the 22nd position in 2012.[17] Due to a volatile currency exchange rate, Japan's GDP as measured in dollars fluctuates widely. Accounting for these fluctuations through use of the Atlas method, Japan is estimated to have a GDP per capita of around $38,490.