Japan, the second largest world economy recovers and is on the path to growth. Japan is marking the first quarter of economic growth, expanding 0.9 percent in country's first quarter of fiscal year.

Japan's central bank has slashed its key interest rate below one percent, while the government predicts the nation's economy will experience zero growth through 2010. Yesterday I heard on TV that as U.S. is cutting the interest rates that will force the other economies to do the same and thus this is how the U.S. will have a soft landing against the inflation and loss of dollar value.

Emerging economies, including India, will overtake the developed countries in economic growth by 2050, with the popularity of India and China as investment destination is rising while the attractiveness Europe and North America is slipping.