New Delhi, July 14 -- India is on track to become the world's fourth-largest economy in 2025, surpassing Japan, marking a significant shift in Asia's economic balance, according to the latest Rubix Country Insights Report: Japan by Rubix Data Sciences.

According to the report, the United States is preparing to impose 25 per cent tariffs on Japanese exports starting August 1, Japan faces mounting economic pressures that threaten to further dampen growth, said a recent report by Rubix.

Additionally, the reports reveal that Japan's economy, once a pillar of regional strength, grew just 0.1 per cent in 2024. Weak household spending, surging import costs, and persistent inflation at 3.7 per cent have weighed on the recovery.

The Bank of Jap...