China may overtake Japan as the world's second-largest economy this year, but it remains a developing economy despite its fast pace of growth, economists said.
Japan's nominal gross domestic product (GDP), which is not adjusted for price and seasonal variations, was worth $1.286 trillion in the April-to-June quarter compared with $1.335 trillion for China, according to data released by the Japanese government on Monday. The figures are converted into dollars based on an average exchange rate for the quarter.
Japan's nominal gross domestic product (GDP), which is not adjusted for price and seasonal variations, was worth $1.286 trillion in the April-to-June quarter compared with $1.335 trillion for China, according to data released by the Japanese government on Monday. The figures are converted into dollars based on an average exchange rate for the quarter.
