2016-05-27bloomberg.com

``Noguchi believes the Bank of Japan is already financing fiscal spending, providing so-called helicopter money. That echoes comments by billionaire bond investor Bill Gross, who said the likely endgame was for the BOJ to forgive sovereign debt... "Japan is already doing helicopter money, as Bernanke describes it," said Noguchi, whose economics books and life-hacking scheduler have sold millions of copies in Japan. "That's what's happening now under the BOJ's asset purchase policy, with banks buying longer-maturity bonds and immediately selling them to the BOJ."''



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