William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
World watches as India's central bank prepares to fund government
Direct financing of fiscal deficits is looking attractive despite inflation risks
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. © Reuters
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