“It’s Prohibited By Law” – A Problem Emerges For Japan’s “Helicopter Money” Plans
by Tyler Durden
ZeroHedge.com
Jul 14, 2016
“Adopting helicopter money in the strict sense is impossible as it’s prohibited by law,” said one of the officials. “If it’s about the BOJ buying huge amounts of bonds and the government deploying fiscal stimulus, we’re already doing that.” Japan shouldn’t make its central bank directly underwrite government borrowing, “or it could suffer the kind of runaway spending and inflation that followed a similar move in the 1930s.”
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