Bank of Korea's rate hike warning is both wise and instructive

Capping the froth is more about encouraging badly needed economic reforms

July 19, 2021 05:00 JST | South Korea

BOK Gov. Lee Ju-yeol, pitured in June 2015: Lee is trying something neither the BOJ nor the Fed has been willing to do. © AP

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

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