William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Central bank may already have missed chance to normalize policy

Bank of Japan Gov. Kazuo Ueda on June 14 in Tokyo: His suggestion that the central bank may tighten policy in July does not seem credible. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."