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It is time to talk about the real danger facing the world economy

Why are people worrying about inflation with another Great Depression looming?

| Japan
Bank of Japan Gov. Haruhiko Kuroda, pictured in January 2016: putting the central bank in the driver's seat and avoiding fiscal measures is why Japan is grappling with deflationary currents.   © Reuters

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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