OECD report worries on Japan deflation pressure

The Organization for Economic Cooperation and Development (OECD) released a report on Tuesday 3 February on Japan suggesting that deflation remains a big problem despite the return to growth.

OECD economist Randall Jones said experts still don't understand what causes deflation and what needs to be done to reverse it. The OECD worries that deflationary pressures remain strong and that Japan is still trapped in a spiral of falling prices.

Mr Jones, speaking from Paris via videoconference, advise

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