Here's what Japan needs to cut deficit

Credible policies, that’s what.

OCBC Treasury Research noted:

OECD suggested that Japan needs credible policies in the medium-term to cut its deficit. Added that the economy may grow below 1% in 2013 and 2014 and called for further monetary easing in Japan.

Meanwhile, the ruling DPJ party announced its intention to work with the BOJ to end deflation in Japan.

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