5 Most Powerful Countries in Asia in 2023

4. Japan

GDP Ranking: 2

Global Firepower Index Ranking: 6

CEO World Index Ranking: 3

Average Ranking: 3.6

Japan is the third biggest economy in the world, and the second biggest in Asia. However, its economic growth has remained slow over the years since the crash of asset price bubble in the early 90s. However, Japan remains a key player in global affairs, owing to its economic, military and political strength. 

The Japanese military operates 1,451 aircraft, 217 of which are fighter jets, including a fleet of the fifth generation F35s, over 1,000 tank units and 77 naval vessels, including 4 helicopter carriers. Japan is also a member of the G10, allowing the country to exercise significant power over global economic affairs.