Wednesday, September 4, 2013
Japan 9th In Competitiveness: World Economic Forum
ZURICH (Nikkei)--Japan ranked ninth in terms of global competitiveness, rising one place from last year, according to the Global Competitiveness Report 2013-2014, released Wednesday by the World Economic Forum.
This year's report rated the economic competitiveness of 148 economies. It was first time in three years that Japan has moved up in the rankings, thanks to stronger confidence in government and easier access to credit, among other factors.
Public trust in politicians moved up to 33rd position, from the previous year's 57th, in response to the change in government last year.
Japan also rated highly in education, health care, customer orientation and technological innovation. It performed less well with regard to its fiscal positions, as it has in the past.