Which of the following statements is correct about Japan?

Statement A- In 2017, Japan was the third largest economy in the world.  
Statement B- Japan is the most populous nation in the world.

Only Statement A is correct.

The correct answer is Option 1 - Only Statement A is correct.

Statement A- In 2017, Japan was the third largest economy in the world.  
Statement B- Japan is the most populous nation in the world.

Correction in Statement B- Japan is the ELEVENTH most populous nation in the world.

Japan became a member of the Organisation for Economic Cooperation and Development (OECD) in 1964. In 2017, it is the third largest economy in the world. It is the only Asian member of the G-7. It is the eleventh most populous nation in the world. Japan is the only nation that suffered the destruction caused by nuclear bombs. It is the second largest contributor to the regular budget of the UN, contributing almost 10 per cent of the total. Japan has a security alliance with the US since 1951.