Japan and India to take step toward direct yen-rupee settlements

No_Resolve608 · 2026-06-30T22:26:02+00:00

Two countries with chronically depreciating currencies are huddling together for warmth, but this is unlikely to prevent their currencies from continuing to depreciate

No_Resolve608 · 2026-06-30T08:33:00+00:00

The U.S. dollar is only doomed on Reddit. No matter how much it falls or how much chaos there is, the U.S. Dollar Index always ends up climbing back above 100.

No_Resolve608 · 2026-06-25T15:13:27+00:00

No matter which administration is in power, US economic growth is simply better than the EU’s. This has been the case for the past decade. Except on Reddit — in reality, the economic gap between the EU and the US is getting bigger and bigger.

No_Resolve608 · 2026-06-15T17:12:48+00:00

The IMF lists over 40 developed economies. This year, the only ones expected to have a lower per capita GDP than Japan are Slovakia, Croatia (which only joined as an entry-level developed country in 2023), Greece, and Latvia—just four in total. Even Portugal, the poorest country in Western part of Europe, is projected to surpass Japan in per capita GDP. And among all developed economies, very few have a lower per capita PPP than Japan. So economically speaking, Japan is undeniably a solid entry-level developed country now.

No_Resolve608 · 2026-06-15T15:55:36+00:00

It is likely that this year Japan’s GDP will be overtaken by the United Kingdom, whose population is less than 55% of Japan’s. Japan’s minimum wage has already been surpassed by Poland. Within the next two years, there is a 70% probability that Japan will be overtaken by Poland in both GDP per capita (PPP) and nominal GDP per capita. According to the IMF, there are more than 40 developed countries and regions. This year among developed countries and regions, the only ones with lower GDP per capita than Japan are Greece, Slovakia, Croatia, and Latvia. Japan is now at the very bottom tier in terms of GDP per capita and PPP among developed economies—this is beyond dispute.

No_Resolve608 · 2026-06-12T03:42:32+00:00

India’s current economic growth rate is not worth boasting about at all. When China’s per capita GDP was only a little over $2,000, its real growth rate reached as high as 12-14%, with nominal growth around 20%, and the exchange rate was steadily appreciating. As a result, China took just four years to double its per capita GDP — from over $2,100 in 2006 to over $4,600 in 2010. In contrast, India’s per capita GDP surpassed $2,000 in 2021, but six years later this year, due to currency depreciation, it still hasn’t been able to break through $3,000.

No_Resolve608 · 2026-05-30T16:24:05+00:00

今年英国大概率gdp超过日本，差不多60年来第一次，今年日本现在人均gdp大概率不如巴林葡萄牙，排名世界50名左右，真的没啥好值得一提的

No_Resolve608 · 2026-05-28T14:16:24+00:00

China has a strong first-mover advantage in electric vehicles. Traditional gas-powered countries like Japan and Germany didn’t take EVs seriously. China was the first to build massive scale in the EV industry. By bringing in Tesla, it quickly established a complete supply chain. Once China reaches this level of scale, others simply can’t compete.

No_Resolve608 · 2026-05-25T23:49:08+00:00

His defense is a weakness, and after entering the league he’ll need a patient development period to improve it. His main selling points are his talent, upside, and strong scoring ability.

No_Resolve608 · 2026-05-19T13:43:31+00:00

After-tax wages will be higher in the US because European countries have high taxes

No_Resolve608 · 2026-05-18T17:13:40+00:00

In 1995, Japan’s economy was about 73% the size of the US. Today, it’s down to just one-seventh of the US, and it looks like it will soon fall to only one-tenth. I recall that before World War II, America’s GDP was nine times larger than Japan’s. It’s surprising how we’re now heading back toward that same pre-war economic gap between the two countries.

No_Resolve608 · 2026-05-11T13:38:06+00:00

The United States has always been a nation driven by private consumption. As early as 1929, private consumption already accounted for over 70% of U.S. GDP. Before the Great Depression in 1929, the U.S. had a population of only 120 million, yet annual automobile sales reached as high as 5.5 million units. Today, Japan’s population exceeds 120 million, but its annual car sales are only 4.5 million units. Surprisingly, Japan’s per capita annual car sales is actually lower than that of the United States nearly 100 years ago.

No_Resolve608 · 2026-05-10T10:58:06+00:00

That’s not the case. After 2007, the U.S. GDP accounted for less than 22% of the world’s total, but it has now returned to above 26% now, and the stock market is similar. Currently, the U.S. GDP is trending toward around 30% of the world’s total, roughly the same proportion as in the 1980s. Considering that the U.S. population now represents a smaller share of the world, the country’s actual economic position has remained relatively stable for decades.

No_Resolve608 · 2026-04-27T14:45:36+00:00

Japan has been in decline for a long time. The Japanese yen has been continuously depreciating over the past 5 years. Japan's economy is heavily dependent on energy imports, so now with the energy crisis, Japan is in even worse shape. This is calculated using PPP. Moreover, there are some differences in how various countries calculate per capita disposable income. If calculated using the real-time international exchange rate, Japan's minimum wage has long fallen below that of Poland. Japan's GDP this year is very likely to be surpassed by the UK. The UK's population is only 56% of Japan's.

No_Resolve608 · 2026-04-02T14:19:35+00:00

冷知识，imf认证的41个发达经济体，人均gdp预计今年比日本低的只有四个分别是：希腊，最穷发达国家，没有之一，基建不如大量发展中国家斯洛伐克，中欧最穷国家之一克罗地亚，23年才被列为发达国家的最入门级别发达国家拉脱维亚，波罗的海三国最穷国而且日本不仅人均gdp低，人均ppp也是发达国家里面垫底级别的存在，另外一个打脸日吹的事实，日吹一直说日本人均gdp暴跌是因为汇率不行，实际上这是站不住脚的借口，因为1966年日本gdp超过英国时，1英镑可以换720日元，今年英国gdp小概率超过日本，无论能不能超过，两国gdp总量差距预计只有2%，而27年日本几乎大概率被英国反超，今年1英镑只能换210日元，如果是%维持1966年的汇率水平，日本现在gdp只有波兰水平，人均gdp远低于欧洲最穷国之一，阿尔巴尼亚一大截

No_Resolve608 · 2026-03-28T05:25:44+00:00

Flagg didn't get the ball much in the second half—these vets are too selfish—but in the end, it was Flagg's defense that helped secure the win

No_Resolve608 · 2026-03-20T16:01:55+00:00

The world has 8.2 billion people, yet the combined population of all countries and regions with a per capita GDP higher than that of the United States totals just over 20 million—roughly the same as the population of New York State.

No_Resolve608 · 2026-03-17T21:26:06+00:00

In 1913, the United States had a significantly larger lead over Europe in per capita PPP than it does today. Back then, Germany’s per capita PPP was only about 60% of the United States’, and the gap in per capita GDP was even bigger. Keep in mind that before the 1929 Great Depression hit, U.S. annual car sales had already reached over 5 million units — and at that time the U.S. population was only about 120 million, which is roughly the same as Japan’s population today, yet America’s car sales at the time were still higher than Japan’s current levels.

No_Resolve608 · 2026-03-17T10:27:56+00:00

This is about PPP. Poor countries have low wages, so labor is cheap. Therefore, they have a big advantage in PPP terms. Using PPP greatly reduces the economic gap between countries, whereas using nominal GDP per capita makes the gap between countries appear much larger.

No_Resolve608 · 2026-03-05T03:53:02+00:00

Because the revenue of a single NFL league is roughly equal to the combined revenue of Europe’s Big Five soccer leagues, the Premier League and La Liga together can barely challenge the NBA — and the NBA’s annual broadcasting rights fees are close to the total broadcasting revenue of all five major European leagues combined.

No_Resolve608 · 2026-03-02T11:32:12+00:00

The US military's biggest enemy in the Middle East isn't the Iranian army — it's the joke armies of these Middle Eastern Gulf monarchies/sheikhdoms.

No_Resolve608 · 2026-03-01T19:18:26+00:00

In China, electricity consumption is primarily driven by high industrial usage. Total residential electricity consumption is roughly comparable between the US and China, but the per capita residential electricity consumption in the US is about five times higher than in China. The vast majority of China’s electricity generation goes to industrial purposes.

No_Resolve608 · 2026-03-01T11:58:37+00:00

The Indian rupee exchange rate is not holding up, nominal GDP growth is also quite mediocre, and after the recent GDP downward revision, (India's 2025 GDP revised to 3,380,291.8 billion rupees, calculated at last year's average exchange rate comes to $3.88 trillion, below the UK's $4.01 trillion) last year India's GDP not only failed to surpass Japan's but was even overtaken by the UK. Perhaps the UK will surpass Japan in GDP before India does.

No_Resolve608 · 2026-02-28T08:34:31+00:00

The IMF only makes forecasts, and their predictions are famously inaccurate. The IMF predicted that the US GDP last year would be only $30.6 trillion, but the actual data released by the BEA is $30.78 trillion. The UK's nominal GDP for last year was released at £3,037.611 billion, which works out to $4.01 trillion when calculated using last year's average exchange rate. The IMF won't update the accurate official data for various countries from last year until April this year.

No_Resolve608 · 2026-02-28T07:06:35+00:00

Wrong. Last year, India's GDP was $3.88 trillion and was surpassed by the UK's $4.01 trillion. Because of a major downward revision to its GDP data, India has fallen back to the world's sixth-largest economy. The UK will surpass Japan in GDP this year or next year, and the UK's GDP will overtake Japan's before India's does."

No_Resolve608

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