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Zero Possibility Japan Will Opt For ‘Helicopter Money’ Soon: Sources

There is zero chance that Japan will choose to adopt “helicopter money”, a policy where the central bank will fund fiscal spending for an indefinite amount of time using perpetual bonds, in the near future, members of the central bank’s policy-making committee and government officials stated.

The BoJ already eats up more government bonds than the volume sold to the market each month in accordance with its giant monetary stimulus program launched in 2013 hailed as QQE or Quantitative and Qualitative Easing.

Adopting the helicopter money will also be impossible since it is illegal to directly guarantee government debt, which means that implementing it will require the parliament to amend the law for the Bank of Japan to begin directly bank-rolling debt, according to one of the officials.
The material has been provided by InstaForex Company – www.instaforex.com

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Zero Possibility Japan Will Opt For ‘Helicopter Money’ Soon: Sources Reviewed by on . There is zero chance that Japan will choose to adopt “helicopter money”, a policy where the central bank will fund fiscal spending for an indefinite amount of t There is zero chance that Japan will choose to adopt “helicopter money”, a policy where the central bank will fund fiscal spending for an indefinite amount of t Rating:
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