Japan economic growth is slowing down.

https://finance.yahoo.com/news/japans-economy-contracts-natural-disasters-trade-frictions-hit-002124696--business.html

Japan's economy contracts 1.2% annually in Q3 and will continue to slow down when the US-China trade war intensifies.

The only bright spot in the world now is Asia and the western countries such as Europe and the US are dumping their goods in Asia when they cannot sell goods to China which is the largest market.  Japan will also start to divert its goods to Asia when its exports to China falter since Japan is an export-oriented nation.

Many developing Asia economies are still growing at above 5% which are much higher than in Europe and the US.  However, Asia won't be able to hold up the global economic growth and will also falter over time because of the slowdown in China.