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Japan set for major stimulus, including 'helicopter drops' of money

Remarks by officials prep the ground for a combo of fiscal stimulus and monetary easing to wake up the economy

Published Tue, Apr 5, 2016 · 09:50 PM

Tokyo

WITH the prospect of a renewed recession and a politically sensitive parliamentary election approaching, Japanese officials appeared on Tuesday to lay the groundwork for a fresh bout of monetary easing combined with fiscal stimulus for the world's third largest economy.

The two could be combined into a "helicopter drop" of money onto the economy, which has moved in and out of recession several times in the past few years, a former official of the Bank of Japan (BOJ) suggested.

BOJ governor Haruhiko Kuroda told Par…

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