10 Most Powerful Countries in the World in 2023

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4. Japan

Economic Strength Ranking: 3

Military Strength Ranking: 8

Political Influence Ranking: 4

Cultural Influence Ranking: 4

Japan is one of Asia’s most, and the world’s fourth most powerful country. This is due to its strong economic, military, political, and cultural influence. It is the world’s third largest economy with a GDP nearing $5 trillion. The Japanese Yen is the third most traded currency in the world. 6% of all foreign reserves in the world are held in yen. Japan has the third most powerful military in the world and is home to several armament manufacturing companies. Mitsubishi Heavy Industries being one of them, which recently signed a deal worth $2.8 billion with the government to produce long-range missiles to counter China’s military strength.

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