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Opinion

Why Jerome Powell is about to wreck Asia's year

China, Japan, the Philippines and others set to pay price for Fed delay

| U.S.
Jerome Powell during a hearing on June 13: The Fed chair should be dusting off the Paul Volcker playbook.   © Sipa/AP

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

Asia is about to pay the price for Jerome Powell's insipid leadership as U.S. Federal Reserve chairman.

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