Japan's gross domestic product per capita will fall behind that of South Korea in 2027 and Taiwan in 2028, according to a recent projection by a Tokyo-based research institute, citing long-term low productivity on the back of slow progress in digitalization of the world's third-largest economy. The inflation-unadjusted nominal GDP, the total value of goods and services produced in the nation, per person is projected at $46,519 in South Korea in 2027 and $47,305 in Taiwan in 2028, compared to the $45,607 and $46,443 forecast for Japan in the respective years, according to estimates released las...
