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Economy

Managing Asia's debt problem

A woman speaks on her phone near a display highlighting the new Chinese bank notes at a bank in Beijing.

The Bank of Japan's interest rate setting meeting on April 28 is the focus of attention this week for many central bank watchers. For the rest of us, it is of fleeting significance: There is as much likelihood of monetary policy sparking a revival of Japanese demand and inflation as there is of it influencing the weather.

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