Japan’s Helicopter-Money Ban Is Anchored in Occupation-Era Law

  • Bernanke visit has revived debate on the contentious topic
  • Kuroda cites law preventing BOJ direct financing of spending

Bank of Japan Governor Haruhiko Kuroda’s repeated rejections in recent months of "helicopter money" as illegal are rooted in a provision dating from 1947, during the U.S.-led postwar occupation of the country.

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