Predictions made in the past have not been perfect. For example, in the 1980s, many political and economic analysts predicted that Japan would eventually accede to superpower status, due to its large population, huge gross domestic product and high economic growth at that time. Though still the world's third-largest economy as of 2012 in terms of nominal GDP, Japan has faced an ongoing period of weak growth since the Lost Decade of the 1990s, and has been suffering from an aging population since the early 2000s, eroding its potential as a superpower.
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