Yellen Can Help Asia Kick the Easy-Money Habit

In Tokyo 17 months ago, before taking over as head of the Federal Reserve, Yellen had to defend the U.S.'s monetary largess in front of a gathering of testy central bankers. Now the region wants the Fed to go slow as it scales back on monetary stimulus.
Fed chef Janet Yellen might do Asia a world of good. Photographer: Kiyoshi Ota/Bloomberg

Janet Yellen could be excused for feeling whipsawed in Asia. In Tokyo 17 months ago, before taking over as head of the Federal Reserve, Yellen had to defend the U.S.'s monetary largess in front of a gathering of the testy central bankers. Now the region wants the Fed to go slow as it scales back on monetary stimulus.

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