SUBSCRIBERS
Japan sinking deeper into de facto helicopter money
Published Fri, Aug 19, 2016 · 09:50 PM
Tokyo
THE Bank of Japan (BOJ) says there is no possibility of helicopter money, and by a strict definition they are correct. But as the government plans to issue more 40-year bonds, it is looking more and more like some monetisation of debt is underway.
The BOJ says that as long as it buys Japanese government bonds (JGB) from the market, it is not directly underwriting bonds to fund government spending.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1