💨 Abstract

As the global financial order shifts, Japan and India must strategically manage their currencies amid the declining reliability of the US dollar and China's rising yuan. Japan's approach to currency stability and India's flexibility in absorbing economic shocks offer mutual lessons. Both nations face the challenge of maintaining economic openness while preserving geopolitical autonomy. They need complementary monetary policies to navigate a multipolar financial landscape where currency management is increasingly strategic.

Courtesy: theprint.in