WASHINGTON (Kyodo) The International Monetary Fund warned Thursday that Japan will remain under a destabilizing bout of deflation until 2012 and called for efforts to spur domestic demand to achieve a full-blown recovery.
In its twice-yearly World Economic Outlook report, the institution also said global growth will recover to 3 percent in 2010 after contracting in 2009 under the weight of the worst financial crisis in generations.
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