According to the latest World Economic Outlook by the IMF, Japan's nominal GDP is expected to decrease by 0.2 percent to $4.23 trillion, while Germany's is forecasted to increase by 8.4 percent to $4.43 trillion. This change can be attributed to various factors such as the depreciation of the yen against the dollar and Germany's higher inflation rate compared to Japan. However, Japan's decline is also a consequence of long-standing disparities in real economic growth rates between the two nations. In terms of total value added generated by each country, known as nominal GDP, Germany is projected to surpass Japan for the first time in over 50 years since 1968. The depreciation of the yen against the greenback has played a role in Japan's diminishing nominal GDP in dollar terms. Nonetheless, this depreciation has remained relatively stable at around 140-150 yen per dollar since June due to the divergence in monetary policies between the United States and Japan, leading to a widening interest rate gap. Furthermore, Germany experienced a year-on-year increase in its consumer price index ranging between 6 and 9 percent from January to August. Nevertheless, when considering real GDP growth, which eliminates the impact of prices, Germany has consistently outperformed Japan in terms of productivity growth and technological innovation over the period from 2000 to 2022, with an average growth rate of 1.2 percent compared to Japan's 0.7 percent. This shift in rankings signifies Germany's sustained economic strength over Japan in the long run.