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OPEC+ output cut will add to Asia's economic stress

Region's central banks forced to consider more tightening

| Southeast Asia
An oil tanker offloads its cargo in Yantai, China: As the world's top oil importer, China is bound to feel the impact of higher prices.(Imaginechina via AP)

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

To Asian markets still reeling over Credit Suisse's near-death experience, OPEC+ is effectively saying "hold my beer."

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