OECD cautions Japan on policy move

The OECD cautioned Japan on Monday 6 March against a hasty move to end its zero interest-rate policy, saying the country was only slowly emerging from deflation.

In an update to its forecasts, the Organisation for Economic Co-operation and Development said the central bank should tread carefully in halting its ultra-loose monetary policy aimed at defeating deflation.

"Japan may be at long last exiting deflation, but only very gradually so, despite vigorous growth, which argues for keeping the p