William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
The Fed officially joins Bank of Japan in liquidity trap
Quantitative easing has lessons that even Japan has failed to learn
Last week came the admission from U.S. Federal Reserve chairman Jerome Powell that many saw as inevitable: America is officially trapped below zero interest rates, along with the Bank of Japan. © Reuters
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