Japan chief cabinet secretary Suga with the comment, hitting the news wires
- Says the BOJ is considering what monetary policy steps are desirable
Suga's denial of the government considering "helicopter money" follows a report earlier today in the Sankei newspaper that Etsuro Honda (an economic adviser to PM Abe) said to Abe that new is a good time for the policy (money given directly to the private sector to stimulate the economy).
Personally I think it would be good to give this a try, maybe for a tourist (like me) who the government could fly to Japan and then give money to for his holiday. I'm willing to give that a go.
USD/JPY has fallen toward 104.00 over the course of the session so far, dragging yen crosses lower with it.
Japan chief cabinet secretary Suga says no truth that this is actually a song