Is Helicopter Money About to Crash Land in Japan?
A key economic adviser to Japanese Prime Minister Shinzo Abe said boosting fiscal and monetary stimulus at the same time would be a good strategy, while playing down the likelihood of employing so-called "helicopter money." Japan needs to keep various policy options open, including coordinated action by the government and central bank, Koichi Hamada said in an interview on Wednesday. State Street Head of Macro Strategy Timothy Graff discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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02:49 - President Donald Trump announced that he will survey damage done to Puerto Rico from Hurricane Maria next Tuesday. Trump spoke to reporters Tuesday morning at the White House. (Source: Bloomberg)