Watch For Bulldozers, Not Helicopters
Japanese policymakers are increasingly sensitive to growing speculation that Japan will enter into another unconventional regime of “helicopter money.” The Bank of Japan's own unconventional quantitative and qualitative easing has so far failed to deliver decent economic growth and inflation. The talk of a new, more radical policy gained traction as former Federal Reserve Board Chairman Ben Bernanke visited Japan this week and met BOJ Governor Haruhiko Kuro ....
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POLICY INSIGHTS
- Published:
15 Jul 2016 -
Author:
Medley Global Advisors - Pages:
Watch For Bulldozers, Not Helicopters
Japanese policymakers are increasingly sensitive to growing speculation that Japan will enter into another unconventional regime of “helicopter money.” The Bank of Japan's own unconventional quantitative and qualitative easing has so far failed to deliver decent economic growth and inflation. The talk of a new, more radical policy gained traction as former Federal Reserve Board Chairman Ben Bernanke visited Japan this week and met BOJ Governor Haruhiko Kuro ....