OECD urges caution on BOJ rate moves

The Organisation of Economic Cooperation and Development warned on Thursday 20 July that the Bank of Japan should not rush further interest rate increases while there is a risk of slipping back into deflation.

The warning followed the BoJ's move last Friday to raise interest rates above zero for the first time in six years.

In its Economic Survey of Japan, published Thursday, the OECD said Japan needed to focus on tackling its budget deficit and called on the BoJ to cooperate with the government

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.