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Yen's decline will inevitably affect confidence in Japan's economy

End of quantitative easing would be vital step toward restoring normalcy

| Japan
In Japan, it is impossible to escape notice of the country's sliding currency. (Photo by Nanami Sato)

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

As the yen's continued decline grabs headlines, global investors have to wonder if anyone is home in the halls of power in Tokyo. Ditto for Japanese households stuck between glowing international media reports about the country's markets and their own financial struggles.

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