William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Other central banks may follow Indonesia's surprise rate hike

The Thai baht, ground zero for the 1997 Asian financial crisis, is among leading exchange-rate decliners in the region.
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."