Bank of Japan finally gets some inflation, and headaches too
Everyone sure to get hurt if bond yields keep rising
Bank of Japan Gov. Haruhiko Kuroda attends a press conference on Jan. 18: if Kuroda were to expand a balance sheet, the bond vigilantes will push back.
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
If Bank of Japan Gov. Haruhiko Kuroda thought fighting deflation was hard, wait until he confronts the bond vigilantes.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
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