‘Very Little’ Ammunition Left for Japan and Europe’s Central Banks, Rajan Says 
Raghuram Rajan, former governor of the Reserve Bank of India (Photographer: Dhiraj Singh/Bloomberg)

‘Very Little’ Ammunition Left for Japan and Europe’s Central Banks, Rajan Says 

(Bloomberg) -- While the U.S. and China are able to cut interest rates, the Bank of Japan and the European Central Bank have less room to maneuver in the event of another downturn.
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