Japan is ninth in the overall rankings of the World Economic Forum's annual global competitiveness report for 2013-14, up from 10th place the previous year, the forum said Wednesday.
While Japan has strengths in business sophistication and innovation, its overall competitive performance continues to be hampered by severe macroeconomic weakness, the report said. The ratio of Japan's general government debt to its gross domestic product reached almost 240 percent, the worst among the 148 economies surveyed, it added.
The top Five are:
1 Switzerland
2 Singapore
3 Finland
4 Germany
5 U.S.
Source: Xinhua
