t and that they may have to call on eurozone loans. Meanwhile, Greek authorities are braced for more violent protests over plans for austerity measures in Greece which are seen by eurozone members as a crucial condition of the bail-out. Three people were killed in Athens on Wednesday when protesters set fire to a bank during a general strike over the planned measures MBT Sale Clearances UK.
Japan's continuing export-driven recovery helped economic growth accelerate in the first three months of 2010, official figures have shown. 2010Japanese customers have been reluctant to spend during deflation Its economy grew by 1.2% between January and March from the previous quarter, the Cabinet Office said MBT Sale. On an annualised basis, growth was 4.9% - less than analysts had predicted. Finance Minister Naoto Kan warned that while Japan was enjoying a steady recovery, its central bank needed to do more to curb deflation . Emerging Asian markets such as China have been driving Japan's economy and allowing what the International Monetary Fund (IMF) has called a tentative recovery from recession. New cars and high tech products have been most in demand from overseas consumers supra shoes uk. However, Takeshi Minami, economist at Norinchukin Research Institute, said Japanese growth was likely to slow between April and June. It will be difficult to expect exports to continue making this much of a contribution, he said sale mbt shoes. Tax questionThe importance of exports is emphasised by the weak state of domestic consumption. Japan's continuing problem of deflation is bad for the economy as it tends to make consumers and businesses delay major purchases in the expectation that prices will fall further in the future. The Bank of Japan has made targeting falling prices a priority, and the IMF thinks inflation will start to creep back late next year mbt shoes sales. On Wednesday, the IMF urged Japan to start cutting its massive debt burden from next year. It said Japan should start increasing consumption tax to tackle its debt, which at nearly 230% of GDP, is the highest of any industrialised nation. Related articles:

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