THE Tokyo Sky Tree, a broadcasting and observation tower that will officially open on May 22nd, is 634 metres high (2,080 feet), making it the tallest building in Asia. Is this Japan's last bid to stay on top? For years, Japan was Asia's richest and most powerful economy. It was the first Asian economy to industrialise, and the emerging Asian tigers—Hong Kong, Singapore, South Korea, Taiwan and later China—merely followed in its tracks. Now, however, Japan is steadily being overtaken.
作为广播传送和观光塔的东京天空树将于4月22日正式开放,634米(2,080英尺)的高度使它成为亚洲最高的建筑。这是日本试图保持领先的最后一搏么?很多年来,日本曾拥有亚洲最富有和最强劲的经济。它是第一个工业化的亚洲经济体,新兴的亚洲四小龙——香港,新加坡,南韩,台湾和最近的中国大陆——仅仅是追随它的足迹。不过,现在日本正在被稳步的超越。
China's economy is now bigger than Japan's, but less noticed is the fact that Asia's so-called newly industrialised economies (NIEs) are, one by one, becoming richer than Japan. Most economists reckon that the best way to compare living standards is to take GDP per person measured at purchasing-power parity (PPP), which adjusts for differences in the cost of living in each country. On this gauge, Japan was overtaken by Singapore in 1993, by Hong Kong in 1997 and by Taiwan in 2010. But the most humbling re-ranking will be when South Korea becomes richer than Japan. The latest forecasts from the IMF suggest that this could happen within five years (see chart). That would be a remarkable turnabout. In 1980 South Korea's GDP per person was barely a quarter the level of Japan's.
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