No one has been appointed with this sort of profile.” “There’s a lot of interest in what he will have to say because no one knows just what he meant when he said what he said about tapering. He will be closely questioned”, the G20 delegate said off the record. Not surprisingly, Rajan is a determined champion for the Indian economy.
So far, it has exerted positive effects on Japan’s economy through a positive influence on the expectations of financial markets and of households and firms.