ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

What the Fed can learn from the People's Bank of China

Beijing is returning to monetary sobriety faster than Washington

| U.S.
The headquarters of the People's Bank Of China, pictured on May 4: unlike the Fed, the PBOC is anything but independent.   © FeatureChina/AP

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

As Federal Reserve officials in Washington search for a way out of years of desperate rescue-stimulus moves, they might consider looking to a most unexpected place: Beijing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more