William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
Bank of Korea's rate hike warning is both wise and instructive
Capping the froth is more about encouraging badly needed economic reforms
BOK Gov. Lee Ju-yeol, pitured in June 2015: Lee is trying something neither the BOJ nor the Fed has been willing to do. © AP
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