World markets skeptical on G20 PLAN
World markets appeared unimpressed with an action plan from international leaders to tackle global crisis, as Japan became the latest major economy to go under into recession, the group 20 rich and emerging nations pledged to work together to restore global growth. Asian markets are relatively flat despite confirmation Japan slipped into recession for the first time since 2001, European stock markets traded modestly following a mixed performance in Asia as investors pored over the results of world leader’s summit in Washington to discuss financial crisis and system.