Kishida should not be distracted from reform by the weak yen

Global tremors mean Japan cannot rely now on currency competitiveness

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Fumio Kishida speaks at the NYSE on Sept. 22: The Japanese prime minister is getting on the weak-yen train. © AP

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

Currency schizophrenia pervades Tokyo as officials pivot from fearing a yen collapse to touting the benefits thereof.

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