Japan has fallen to fourth place in a key evaluation of probably the most highly effective and influential Asian nations, overtaken by India for the primary time within the annual survey’s historical past and reflecting Tokyo’s financial decline.
The 2024 Asia Energy Index, launched Sunday by Australia’s Lowy Institute suppose tank, highlighted shifting energy dynamics within the area, with the US nonetheless dominant however going through rising navy stress from China.
However the evaluation, which ranks 27 nations and territories, evaluating the extent of their affect primarily based on financial, protection, diplomatic and different strengths, additionally discovered that whereas China noticed navy good points, its general affect has stagnated.
