Steen Jakobsen, chief economist at Saxo Bank, outlines why we could see a rise in USDJPY and Japanese stocks.

According to Jakobsen, the Bank of Japan's Kuroda was hawkish at Jackson Hole with regards to helicopter money - or directly underwriting the budget deficit.

Jakobsen does find it troublesome that the Japanese government and Treasury is increasing its share in Japanese stocks, but in the short term he believes the market reaction will be positive.