William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Region's central banks forced to consider more tightening

.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
An oil tanker offloads its cargo in Yantai, China: As the world's top oil importer, China is bound to feel the impact of higher prices.(Imaginechina via AP)
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."