The UK Bible Students
Japan Overtaking Britain 1967
Daily Mirror, Tuesday,
January 10, 1967
‘Japan is about to pass Britain as
an economic power, predicts the magazine U.S. News and World Report.
It says that in recent years Japan’s booming economic growth rate
has averaged more than ten per cent – compared with Britain’s average of less
than three per cent. Britain’s gross national product is still bigger than
But in the past ten years Japan’s has trebled while Britain’s has
increased by only 70 per cent.
The magazine article predicts: “At that rate, Japan in a few
years will overtake Britain to become the world’s fourth greatest economic
power, and may even pass West Germany to rank just behind the U.S. and Russia.”
The article says that Japan’s defeat in World War Two is turning
out to have carried with it considerable advantages, while Britain’s victory has
brought big disadvantages.
It explains: “Britain is still burdened with huge debts incurred
in the war. These are a major cause of the chronic instability of the £. Japan
has no such debts”.