William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Curtailing of purchases and paring of portfolio risk driving market turmoil


There is nothing healthy about a central bank owning stocks equal to Singapore's GDP. (Photo by Nikkei)
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."