Japan Rises to 5th in WEF Competitiveness Rankings in 2018

Economy

London, Oct. 17 (Jiji Press)--Japan rose to fifth from ninth in the World Economic Forum's global competitiveness rankings in 2018, attaining its highest position, a WEF report showed Wednesday.

In the Global Competitiveness Report, Japan was highly evaluated in terms of healthy life expectancy and infrastructure.

But the WEF pointed to the need for the country to improve the skills of its workers, diversity in its labor market and its environment to start new businesses.

The United States topped the list of the 140 economies surveyed, replacing Switzerland. Singapore came second, followed by Germany and Switzerland.

Among East Asian economies, Hong Kong was seventh, South Korea 15th and China 28th.

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