OECD backs Japan deflation fight, says must cut debt pile

TOKYO: The Organisation for Economic Co-operation and Development (OECD) yesterday backed Japan’s bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile. In an annual country report, the 34-member OECD described the new government’s bid to reverse falling prices with huge stimulus measures as ‘most … Continue reading OECD backs Japan deflation fight, says must cut debt pile