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 Yen off six-week low after 'helicopter money' mania shot down

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Yen off six-week low after 'helicopter money' mania shot down Vide
PostSubject: Yen off six-week low after 'helicopter money' mania shot down   Yen off six-week low after 'helicopter money' mania shot down Icon_minitimeThu Jul 21, 2016 9:17 pm
The yen hovered above six-week lows in early Asian trade on Friday after comments from Bank of Japan Governor Haruhiko Kuroda dented speculation Japan may be preparing a radical "helicopter money" economic stimulus.

The yen JPY= bounced back to 105.88 yen per dollar from 107.49, its six-week low against the U.S. currency touched on Thursday.

The rebound was triggered by Kuroda's comments on a BBC Radio 4 interview playing down the idea of helicopter money, essentially a policy of injecting cash directly to the economy by printing money in some form.



Yen off six-week low after 'helicopter money' mania shot down ?m=02&d=20160722&t=2&i=1146557952&w=644&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC6L00R



http://www.reuters.com/article/us-global-forex-idUSKCN102025
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