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.