CLEAN:Japan still number two economy ahead of China

The transcript discusses the economic growth of China compared to Japan, highlighting China's faster growth rate. It addresses Japan's economic challenges, particularly deflation, which has been significant since the global financial crisis. The transcript notes Japan's poor economic performance among OECD countries, with a notable contraction in its economy. It concludes with economic forecasts for Japan in 2010, suggesting a slightly optimistic outlook compared to consensus predictions.

Which country's economy was expected to grow faster and potentially surpass Japan's by 2010?

• South Korea

• China

• Germany

• India

What major economic issue has Japan faced for a decade?

• Stagnation

• Hyperinflation

• Inflation

• Deflation

Since when has Japan's deflation been particularly significant?

• Since the 1990s

• Since the global financial crisis

• Since 2015

• Since the early 2000s

How did Japan's economic contraction compare to other OECD countries?

• It was the best

• It was average

• It was one of the worst

• It was slightly below average

What was the expected economic growth rate for Japan in 2010?

• 0.5% to 0.7%

• 1.5% to 1.7%

• 2.5% to 2.7%

• 3.5% to 3.7%