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No chance Japan will adopt 'helicopter money' soon: sources
Resorting to such a step would send 'a grave message to the international community' on Japan's fiscal management
Add BT as a preferred sourcePublished Thu, Jul 14, 2016 · 09:50 PM
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Tokyo
THERE is no possibility that Japan will resort to "helicopter money" in the near future - a policy in which the central bank indefinitely finances fiscal spending through perpetual bonds, say government and central bank officials directly involved in policymaking.
The Bank of Japan (BOJ) already gobbles up more government bonds than are sold to the market each month under its massive monetary stimulus programme - dubbed "quantitative and qualitative easing" (QQE) - deployed in 2013.
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