OECD sees high yen as a risk for Japan recovery

The OECD said in a report on the Japanese economy published on Thursday 20 January that the sharp appreciation of the yen poses a big risk to Japan's already sluggish economic recovery, and that the Bank of Japan should remain focused on ending deflation.

"The expansion is projected to continue through the end of 2006, though at a more moderate pace of around 1.5 pct," the Organisation for Economic Cooperation and Development said in a report on the Japanese economy.

"I think one of the biggest