Japan reported its economy contracted at an annual rate of 0.4% in the last quarter of 2023. Its nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen, putting it behind the U.S., China and Germany as the world's fourth largest economy. Germany’s announced its GDP in 2023 was $4.4 trillion, or $4.5 trillion, depending on the currency conversion.
Tokyo's Nikkei 225 gained 0.7% to 37,948.35 and the Hang Seng index in Hong Kong edged 0.1% higher, to 15,893.16.
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