OECD issued global economy prediction on 6th, May that the Japan domestic GDP real growth will be 1.2% this year being downward compared with 1.5 percent forecast in November last year. Japan’s predictive GDP real growth rate in 2015 will be up regulation from 1.0% to 1.2%.
As the OECD thought for Japan’s economic, while the yen devaluation, exports remain a deceleration. And in the second half of 2013 the momentum of the recovery is slowing. But the down unemployment rate will partly offset the effect on the excise tax increase. According to the analysis, after eliminating the influence of consumption tax increases, Japan’s consumer prices rise will reach 1% in 2015.
The OECD recommends Japan is planning for increasing the consumption tax up to 10% in 2015. The Bank of Japan will maintain the monetary easing until inflation target of 2%.
According to the forecast, the actual economic growth rate will be 2.6% in the United States this year, to 3.5% in 2015; The euro zone economy real growth of 1.2% this year, rising to 1.7% in 2015. China’s economy will actually grow 7.4% this year, rising to 7.3% in 2015.
About the risk of the global economic downturn, the OECD cited China’s economic slowdown, emerging market countries financial fragility and Ukraine