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IMF: Asia Will Lead Global Economic Recovery in 2013

The International Monetary Fund says the overall Asian economy will lead the global economic recovery in 2013.

In its latest economic outlook , the IMF predicts Asia will grow 5.7 percent this year, largely driven by continued robust domestic demand and low rates of unemployment.

The fund says demand from China and Japanese stimulus policies should provide a boost for the region. But, it says an unexpected slowdown in China and less than ideal results from Japan's stimulus policies could put the expected recovery at risk, as well as trade disruptions from a natural disaster or geopolitical tensions.

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A man walks past screens displaying a television news programme showing an image of Kenji Goto, one of two Japanese citizens taken captive by Islamic State militants, on a street in Tokyo, January 25, 2015.

Hostage Crisis Could Divide Japan Over Plans to Boost Military

Japanese Chief Cabinet Secretary Yoshihide Suga said Monday the government is working closely with the Jordanian government to secure the release of remaining Japanese hostage Kenji Goto More