Japan unlikely to embark on 'Helicopter Money'

According to market sources, Japan is not likely to embark upon 'Helicopter Money' stimulus given that direct financing by the Japanese Central Bank (BoJ) is unlawful. Despite the continuous headlines on Japan not willing to conduct what has been described as 'Helicopter Moeny', the Japanese Yen continues to show persistent weakness, even after the recent Nice terror attack, which claimed the lives of over 75 people and injured over 100.