Japan's economy shrunk by 0.9 percent in the 3rd quarter, making a recession more likely this year. Exports have dropped and the yen has soared, as bad economic news is reported for the 2nd time in a year.
In light of an expanding China and economic challenges, Japan and the US "intend to overcome mutual differences and together forge a sturdy economic order for Asia and the Pacific in the 21st century" with Obama's visit.
Escalating tensions in Ukraine are posing a risk to the global economy.
G20 finance ministers and central bank chiefs are set to discuss controversial issues at the annual IMF spring meeting. Risks posed by low inflation and the Ukraine crisis are very real, analysts warn.
China has reported weak first-quarter growth as the country is in a reform process to make economic expansion more sustainable. Market pundits said the latest figures would be unlikely to lead to more stimulus programs.
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