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Crisis-hit China is right to avoid Japan’s failed example

People’s Bank of China is resisting Japan-style QE stimulus, a market-led approach that will serve the nation well over the long term

by William Pesek August 24, 2023August 26, 2023

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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