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