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Crumbling Western banks will be new worry for Ueda at BOJ

Like Silicon Valley Bank, many Japanese lenders have piled into bonds

| Japan
Incoming BOJ Gov. Kazuo Ueda during a Diet hearing on Feb. 24: He can forget tapering the balance sheet when he arrives on the job next month.   © Reuters

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

Incoming Bank of Japan Gov. Kazuo Ueda could be excused for harboring regrets about accepting the toughest job in central banking.

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