Bank of Japan dithering is weighing down the economy

Signs of recession are returning even as stock market reaches high

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In his first seven months in office, Bank of Japan Gov. Kazuo Ueda has avoided any big surprises at all.  © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

As Japan appears potentially headed back into recession, it is hard to gauge which is falling faster: Prime Minister Fumio Kishida's approval rating or the odds of dramatic Bank of Japan action.

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