 "OECD")
Japan must maintain its expansive fiscal policy until its economic recovery from the pandemic is on track and not dial back its ultra-loose monetary policy too soon, the Organisation for Economic Cooperation and Development (OECD) said on Friday.
The coronavirus pandemic hit the economy hard, and its recovery has been relatively modest but growth is on course to regain momentum, the OECD said in its Japan economic survey, which it published for the first time since April 2019.
If the Bank of Japan's (BOJ) monetary policy were to succeed in bringing inflation to its 2% target, it would likely lead
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