September 2007
Japan News in History
Japan's economy will grow at 2.4 percent in 2005, and 2 percent in 2006 according to the OECD.
"The expansion is led by private domestic demand, underpinned by strong corporate profits and a reversal of the declining trend in employment and wages." said the OECD.
Japan's economic outlook was upgraded by the OECD Tuesday, by the Organization for Economic Cooperation and Development out of Paris.
The OECD said domestic demand is on the rebound as well as corporate profits and employment.
JE's concern is that Japan's central bank may tighten monetary policy too soon. Should that happen, they may slow down the recovery of Japan's economy.
While the OECD welcomes deregulation and financial reforms, rising unemployment, and bad debt - enabled the OECD to warn the Bank of Japan - to be cautious in handling the rebound.
Investors and business people from around the world are closely watching prices - because Japan's central bank has indicated that they will start tightening money supply, and raise interest rates when deflation finally ends.
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