, Columnist
No Exit Strategy for Japan
The central bank doesn't want to talk about why it's lagging its peers.
Mum's the word.
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For a central bank that doesn't want to talk about an exit strategy, the Bank of Japan sure is talking a lot. The message: When you raise the subject, make sure you say you aren't even considering discussing the possibility of tightening monetary policy. It's the unwinding debate that isn't a debate.