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.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.