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Now is not the time for the Bank of Korea to go soft

Gov. Rhee should keep up pressure on government to reform

| South Korea
BOK Gov. Rhee Chang-yong during his inauguration in Seoul in April 2022: The central bank governor understands the costs of prioritizing free money.   © Reuters

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

For decades, the Bank of Korea meekly followed the South Korean government's policy lead.

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