OECD report on Japan 13 April
– should stay place while taking account of risks
– raises GDP forecast to 1.2% vs 1.0% prev f/cast
– Japan should raise min wage, boost productivity to support growth
OECD talks. Japan will continue to do what it wants but USDJPY not going to be helped higher by the US rate hikes they were hoping for.
OECD says BOJ monetary easing should stay in place until inflation stable above 2%
