メルバ先生 英文記事紹介 No.55
The Organization for Economic Co-operation and Development (OECD) which is based in Paris and currently has advanced 34 member nations around the world. During their biannual meeting, they warned that the Japanese economy may slowdown if inflation goes up without wage increase.They were concerned about the potential negative impact on consumers f a sharp increase in consumer prices, as the Bank of Japan is implementing aggressive monetary easing to haul the country out of deflation.Meanwhile, they also advice the Japanese government to make bold structural reforms on the consumption tax rate by 10 percent next year as their goal of restoring the delicate fiscal condition of Japan.
The economic crisis that Japan is facing today is commonly felt by some countries in the world like America, EU,China and the Third World Countries. I would likely to agree with the OECD advice that in order for Japanese economy to cope up with inflation they would also take wage expansion. In that manner people(consumers) has the purchasing power over goods and services. Meanwhile, the aim to increase the consumption tax to 10 percent would likely be the same as what the consumers or workers are facing nowadays. They might get the salary increase but it would also go to the tax increase. They have to think and do some changes in accordance with the interest of the majority of the Japanese.