William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
Three ways Chinese inflation is a global game-changer
Not yet at risk of overheating, price trends are moving in the wrong direction
Shoppers see price tags at a supermarket in Fuyang on Feb. 16: Cost dynamics in Asia's biggest economy could portend a fresh batch of global woes. © Sipa/AP
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