OECD paints gloomy picture of Japan

JAPAN - Japan's economy will remain weak for some time to come as policymakers struggle to implement economic reform in the face of the country's worst slump since the Second World War.

In its latest report, the Organisation for Economic Cooperation and Development, which is made up of the leading industrial countries, paints a gloomy picture of Japan's economic prospects.

"Although a slowdown was expected, the deceleration has been surprisingly rapid," the OECD warns.

It is forecasting

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