Quantitative easing has lessons that even Japan has failed to learn
Last week came the admission from U.S. Federal Reserve chairman Jerome Powell that many saw as inevitable: America is officially trapped below zero interest rates, along with the Bank of Japan. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Jerome Powell might want to bone up on his Japanese-language skills as the U.S. Federal Reserve goes the way of peers in Tokyo.
