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In the summer of 2010, a little-noted milestone took place. China passed Japan to become the world's second-largest economy. Now, Japan needs to keep an eye on the rear-view mirror. Germany and Brazil are gaining ground and may overtake the Asian country in coming decades as well.
Japan's steady decline -- relative to other economies -- can be attributed to a pair of factors: A rapidly-aging population and a too-strong currency. These two factors are crimping demand for goods and services at home, as well as foreign demand for exports.
This isn't a new story. The Japanese economy has barely budged...
Warning: The World's Third-Largest Economy Could Crash Soon