>The Paris-based organisation suggested that the Bank of Japan waited
>until consumer prices showed a 1% rate of increase before raising
>interest rates further.
"Paris-based" organization is meaningless and therefore useless, unless you are trying to speak journalese.
The organization suggested that the Bank of Japan wait (rather than "waited") until consumer process showed a 1% ("rate of" could be disposed of)increase before further raising interest rates (word order) (or "before raising interest rates any further").
>Consumer prices rose at an annual rate of 0.6% in May, their seventh
>monthly gain.
Consumer prices rose at an annual(-ized) rate 0.6% in May for/to show their seventh (consecutive) monthly gain.
>The world's second-biggest economy, Japan has endured a decade of
>stagnating prices that depressed growth and limited any rise in the
>standard of living.
The world's second-biggest economy, Japan, (comma) has endured a decade of stagnating prices that have (tense) depressed growth and limited any rise in the standard of living.
>To combat this, the Bank of Japan slashed its interest rates to
>virtually zero and pumped cash into the country's financial system in
>an effort to boost spending and reduce the incentive to save.
To combat this, the Bank of Japan slashed its interest rates virtually to zero (word order) and pumped cash...
>Despite the challenges it still faced, the OECD report said Japan was
>now on course for its longest period of economic expansion since World
>War Two.
...since the Second World War/...since WWII