William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Singapore is having a William McChesney Martin moment, and not a millisecond too soon.
Opinion
Does Singapore have the world's best central banker?
Ravi Menon is showing his peers how to signal 'last call'
Monetary Authority of Singapore managing director Ravi Menon, pictured in July 2016: MAS refused to ease rates further, making Singaporean authorities unique. © Reuters
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