Editorial

14:30 JST, February 18, 2025

Japan’s annual gross domestic product has exceeded ¥600 trillion for the first time over a full year. This can be said to be a milestone for the nation, but the people, who are suffering from high prices, are not feeling elated.

It is important to achieve an economy in which people can feel well-off.

According to preliminary GDP figures for 2024 released by the Cabinet Office, the nominal GDP, which includes the influence of inflation, increased by 2.9% from the previous year, recording growth for the fourth consecutive year. The monetary value was ¥609.3 trillion.

It took nine years to achieve this mark, after the administration of then Prime Minister Shinzo Abe set the goal of reaching ¥600 trillion in 2015.

Internationally, GDP is an important indicator........

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