A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing.Photo: Reuters/Petar Kujundzic
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing. Photo: Asia Times Files / Reuters

TOKYO — As economists weigh the odds of China becoming Japan, many are drawing the wrong lessons from Tokyo’s lost decades. The common misconception about the deflationary funk that relegated Japan to No 2 in Asia is that the central bank was too conservative in efforts to revive growth. It’s the opposite, really. Though the […]

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