OECD report on Japan 13 April

  • should stay place while taking account of risks
  • raises GDP forecast to 1.2% vs 1.0% prev f/cast
  • Japan should raise min wage, boost productivity to support growth
  • should gradually raise sales tax, commit to spending cuts for fiscal sustainability

OECD talks. Japan will continue to do what it wants but USDJPY not going to be helped higher by the US rate hikes they were hoping for.

USDJPY lower again at 109.02 after early profit taking ran out of steam at 109.24 as per earlier post.