OECD downgrades growth forecast for Japan amid recession

Nov 26, 2014

OECD downgrades growth forecast for Japan amid recession

The OECD has downgraded its projections for Japan’s economic growth in 2014 and 2015, acknowledging that the country has slipped back into recession in the wake of the April 1 consumption tax hike. The international economic organization said in a report released Tuesday that ...

OECD chief tells Japan to go for second stage of sale tax hike

Oct 12, 2014

OECD chief tells Japan to go for second stage of sale tax hike

The Japanese government should decisively raise the consumption tax rate to 10 percent in October 2015 as planned to tackle its massive debts, Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, said. “When you have such a very large debt to ...

Oct 11, 2014

Who's benefited over 200 years?

The Organization for Economic Cooperation and Development reports how the world's population is better off than it was 200 years ago but adds that human progress is still undermined by disparities.

OECD backs second tax hike, more easy money from BOJ

Sep 22, 2014

OECD backs second tax hike, more easy money from BOJ

Japan should raise the consumption tax again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday. The Bank of Japan must do more “beyond 2015″ ...

Sep 15, 2014

OECD cuts growth outlook for G-7, worried about eurozone

The OECD on Monday cut its economic outlook for the Group of Seven nations in 2014, including Japan, while expecting a moderate expansion to continue in most of the major economies. In its interim economic assessment report, the Paris-based organization also said the “most ...

Abe recommits to 'womenomics'

Sep 12, 2014

Abe recommits to 'womenomics'

by Masaaki Kameda

At an international conference focusing on women, Prime Minister Shinzo Abe on Friday renewed his pledge to promote the status of women in society. Speaking to an audience of about 1,000 people attending the World Assembly for Women in Tokyo, Abe vowed to address ...

Sep 10, 2014

U.S. falls behind in college competition, OECD says

The United States has slipped behind many other countries in college completion and “educational mobility,” with fewer young Americans getting more education than their parents, according to the Organization for Economic Cooperation and Development’s “Education at a Glance” report. U.S. college graduation rates rank ...

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Aug 18, 2014

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Only one female executive made it to the top-earner list of the Nikkei 225 companies last year. She is an American who lives in New York. Nicole Seligman, president of Sony Corporation of America and Sony Entertainment Inc., is the only female among 185 ...

Jul 19, 2014

A better goal for Japan's economy

The chief economist for the OECD, Rintaro Tamaki, observes that the aim of Japanese economic policy is still mainly about strengthening growth, while European policy focuses on reducing inequality. Apparently you can't have both.

Tohoku teens plan thank-you festival in Paris

Jul 11, 2014

Tohoku teens plan thank-you festival in Paris

by Masaaki Kameda

Some 80 Tohoku teenagers in an OECD-supported educational project will hold a cultural festival in Paris in August to express gratitude to those who supported the region’s recovery, student representatives said Friday. At an education ministry press conference in Tokyo, three students who outlined ...