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/ 24 May 2006

Japan emerges from ‘lost decade’ of deflation

Japan has finally emerged from the ”lost decade” of deflation and is set to continue on a path of robust growth, weathering an expected end to zero interest rates, the International Monetary Fund (IMF) said on Wednesday. ”Japan has now exited from the period of deflation,” said the deputy director of the IMF’s Asia and Pacific department.

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/ 24 May 2006

Côte d’Ivoire rebels start pulling back

Rebel leaders controlling half of the West African state of Côte d’Ivoire said on Tuesday their forces have begun pulling back from sections of the front line as agreed under an ongoing peace process. The military council of the New Forces rebels said earlier on Tuesday it is committed to ”applying peace accords in full”.