Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Opinion World watches as India's central bank prepares to fund government Direct financing of fiscal deficits is looking attractive despite inflation risks May 4, 2020 03:00 JST | India Governor Shaktikanta Das at a news conference in Mumbai, pictured on Feb. 6: in return for handing its wallet to Team Modi, the RBI should extract reform pledges.
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Economists searching the globe for policy exemplars rarely look to Mumbai. But the Reserve Bank of India may soon start a trend peers everywhere are almost sure to follow.
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