The OECD projects that the Bank of Japan's policy rate will reach 2 percent by the end of 2027. This is the organization's first survey on Japan since January 2024.
The Organisation for Economic Co-operation and Development released its latest survey on the Japanese economy. It states that the Bank of Japan's policy rate is likely to reach 2 percent by the end of 2027.
The report is the OECD's first assessment of Japan since January 2024. At that earlier time the central bank's policy rate was still negative.
The survey addresses topics including jobs, inflation and taxes in the Japanese economy.
