Second, with respect to the financial system, losses incurred by Japanese financial institutions due to the subprime loan problem are limited compared to those of U.S. and European financial institutions and financial markets remain stable. Third, the growth in the world economy, which is providing a favorable environment for Japanese exports, is likely to be maintained.
K C Chakrabarty: Financial literacy – challenges, strategies and instruments Welcome address by Dr K C Chakrabarty, Deputy Governor of the Reserve Bank of India, at the Reserve Bank of India-Organisation for Economic Co-operation and Development (RBI-OECD) International Workshop on Financial Literacy, Bengaluru, 22 March 2010. *  *  *  1.