OECD: BOJ monetary easing should stay in place until inflation stable above 2%

The Organization for Economic Co-operation and Development (OECD) published a report on the Japanese economy and BOJ monetary policy on Thursday.

Key Points:

BOJ monetary easing should stay in place until inflation stable above 2%

BOJ should stay place while taking account of risks

OECD raises Japanese GDP forecast to 1.2% vs 1.0% prev f/cast

Japan should raise min wage, boost productivity to support growth

Japan should gradually raise sales tax, commit to spending cuts for fiscal sustainability