Japan's Cautionary Tale for South Korea

South Korea should be concerned about mimicking Japan's lost economic decades since the 1990s.

Don't look back.

Photographer: SAUL LOEB/AFP/Getty Images

The Bank of Korea has no shortage of diplomatic ways to explain yesterday's surprise rate cut, including weak domestic demand, sluggish business investment and anemic exports. But it's worth being clear what this move was really about: Japan.

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