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

OECD also raises Japan's 2017 economic growth forecast to 1.2 %

Fri, Apr 14, 2017 - 5:50 AM

The OECD is urging the Japanese government to promote consumption by raising the minimum wage to half the level of median wages.

PHOTO: REUTERS

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...

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