Jun 3, 2015

OECD cuts global economic outlook amid subdued investment

The Organisation for Economic Co-operation and Development on Wednesday slashed its economic outlook for the global economy, citing subdued investment amid doubts over the prospects for stronger growth. It also downgraded expectations for GDP growth in Japan. The OECD now expects the world economy ...

Apr 15, 2015

OECD urges Japan to implement bold structural reforms

The Organization for Economic Cooperation and Development urged Japan on Wednesday to implement bold structural reforms to boost economic growth and map out a “credible” plan to restore its precarious fiscal health. Noting that the nation’s aging population is likely to weigh on economic ...

Apr 9, 2015

Japan's ODA spending off 30.6% in 2014

Japan disbursed $15.630 billion under its official development assistance program in 2014, down 30.6 percent from the year before, the Organization for Economic Cooperation and Development said Wednesday. Among the 28 member countries of the OECD’s Development Assistance Committee, Japan was the fourth-biggest ODA ...

OECD upgrades Japan's growth outlook for 2015, 2016

Mar 19, 2015

OECD upgrades Japan's growth outlook for 2015, 2016

The Organization for Economic Cooperation and Development on Wednesday upgraded its growth outlook for the economy for 2015 and 2016, aided by lower oil prices that are expected to boost global demand. In its interim economic assessment report, the Paris-based organization said Japan’s economy ...

Feb 10, 2015

OECD urges Japan to reduce farming subsidies, boost female workforce

The Organization for Economic Cooperation and Development on Monday called on Japan to “reduce producer support to agriculture” and boost the number of women in the nation’s labor force. In its “Going for Growth” report for 2015, the OECD said public support accounts for ...

Jan 19, 2015

Japanese companies doing more firing than hiring: OECD

More than half of Japanese who are laid off will still be out of work a year later, according to a report released Monday that also says companies must be more flexible if the economy is to improve. The findings come as Prime Minister ...

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″ ...