Actionable news
All posts from Actionable news
Actionable news in JOY: JOY GLOBAL INC,

Yen Rises as Bank of Japan Chief Rules Out 'Helicopter Money' in June Comments

The yen jumped abruptly back from seven-week lows against the dollar on Thursday after Bank of Japan Governor Haruhiko Kuroda poured scorn on the idea of so-called helicopter money in a pre-recorded BBC interview.

Kuroda featured in a Radio Four documentary stating that there was "no need and no possibility" of pumping a one-off cash infusion into the economy to spur growth and to lay to rest a prolonged period of falling, or only slightly rising, prices in Japan. The interview was recorded in June and was part of a program by Financial Times columnist...