<p>According to figures released today by the Japanese Cabinet Office, the country's economy was worth USD 1.29 trillion for the June quarter after it grew 0.4 per cent.<br /><br />During the same period, China's economy was valued at USD 1.34 trillion.<br />Going by the World Bank, China's GDP was worth about USD 4.9 trillion in 2009, while that of Japan was USD 5.06 trillion.<br /><br />The US remains the world's largest economy, valued at around USD 14.2 trillion. India is at 11th place, at USD 1.29 trillion.<br /><br />Bolstered by strong exports and a huge population, China has been growing at a staggering pace in recent quarters. In contrast, the export-oriented Japanese economy is being adversely impacted by an appreciating yen. An ageing population is also cause for concern.<br /><br />In comparison to Japan's second-quarter growth of 0.4 per cent, China expanded at a whopping rate of 10.3 per cent during the same period.<br /><br />The Japanese economy, which was severely hit by the financial meltdown in 2008-09, was expected to grow by over 2 per cent in the second quarter. Japan had reported an economic growth of 4.4 per cent for the first three months of 2010.<br /><br />In July, the International Monetary Fund (IMF) had projected the US and Japanese economies to expand by 3.3 per cent and 2.4 per cent, respectively.<br />According to the IMF, China's 2010 growth rate would be 10.5 per cent.</p>
<p>According to figures released today by the Japanese Cabinet Office, the country's economy was worth USD 1.29 trillion for the June quarter after it grew 0.4 per cent.<br /><br />During the same period, China's economy was valued at USD 1.34 trillion.<br />Going by the World Bank, China's GDP was worth about USD 4.9 trillion in 2009, while that of Japan was USD 5.06 trillion.<br /><br />The US remains the world's largest economy, valued at around USD 14.2 trillion. India is at 11th place, at USD 1.29 trillion.<br /><br />Bolstered by strong exports and a huge population, China has been growing at a staggering pace in recent quarters. In contrast, the export-oriented Japanese economy is being adversely impacted by an appreciating yen. An ageing population is also cause for concern.<br /><br />In comparison to Japan's second-quarter growth of 0.4 per cent, China expanded at a whopping rate of 10.3 per cent during the same period.<br /><br />The Japanese economy, which was severely hit by the financial meltdown in 2008-09, was expected to grow by over 2 per cent in the second quarter. Japan had reported an economic growth of 4.4 per cent for the first three months of 2010.<br /><br />In July, the International Monetary Fund (IMF) had projected the US and Japanese economies to expand by 3.3 per cent and 2.4 per cent, respectively.<br />According to the IMF, China's 2010 growth rate would be 10.5 per cent.</p>