OECD endorses Japan's monetary easing, urges minimum wage hike

Tokyo

THE Bank of Japan should maintain quantitative easing until inflation exceeds its price target but it must be alert to the risks posed to asset prices and the financial sector, the Organisation for Economic Co-operation and Development said.

The OECD raised Japan's 2017 economic growth forecast to 1.2 per cent, from one per cent in November, because of an expected pick-up in consumer spending, exports and capital expenditure.