OECD urges the Bank of Japan to gradually raise short-term interest rates ...Middle East

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Advice for the BOJ from the Organisation for Economic Cooperation and Development (OECD), the OECD 2024 report on Japan.Says that if inflation stays around its 2% target and is accompanied by sustained wage growth:Bank of Japan should gradually raise short-term interest ratesshould make its bond yield control policy more flexible (referring to BOJ yield curve control (YCC))such as by raising the 10-year bond yield target or moving to a short-term yield target "Japan is at a turning point, with inflation more likely to settle durably around the 2% inflation target than at any time since its inception," "Greater flexibility in the conduct of yield curve control and a gradual modest increa

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OECD urges the Bank of Japan to gradually raise short-term interest rates ...Middle East

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