An electronic stock board outside a securities firm in Tokyo on September 14 shows continued volatility ahead of key meetings of central bankers in Japan and the US. Photo: Bloomberg

US and Japanese central bankers are in denial over the signs of an impending meltdown

Stephen Roach says the misplaced confidence of the Fed and Bank of Japan in their unconventional stimulus approaches may be priming their economies for a tragedy akin to that of 2008-09

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An electronic stock board outside a securities firm in Tokyo on September 14 shows continued volatility ahead of key meetings of central bankers in Japan and the US. Photo: Bloomberg
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