William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
South Korea cannot just rely on central bank to propel growth

President Yoon Suk Yeol took office in May 2022 pledging to reduce regulation, increase innovation and boost wages but has mostly leaned on the central bank to revive growth. (Pool via Reuters)
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."