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BoJ prepares for helicopter money — #SaxoStrats video
Steen Jakobsen, Saxo Bank chief economist, explains why the Bank of Japan might be preparing the Japanese economy for helicopter money.
He claims that Japan leads the world in terms of monetary policy experiments and could be preparing to initiate a global trend in helicopter money used as fiscal stimulus.
Using helicopter money coupled with a strong dollar and Fed rate hikes increases the probability of a recession in the US in 2017, according to Jakobsen.
01:35 minutes
Tags: bank of japan, boj, fed, fiscal stimulus, helicopter money, monetary policy, qe, rate hike, recession, saxo bank, saxo tv, steen jakobsen, tradingfloor.com
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