by Brian Maher
Daily Reckoning
Get ready for the first drop of “helicopter money”…
Our agents inform us that former Fed head Ben Bernanke — “Helicopter Ben” Bernanke — was seen skulking around the Bank of Japan (BoJ) earlier today.
Details are vague. Rumors, innuendo swirl. But speculation is that he met with BoJ Gov. Haruhiko Kuroda and Prime Minister Shinzo Abe. Reuters was unable to confirm the meeting. But Bloomberg says “a person familiar with the matter” confirmed it did, in fact, occur.
The alleged purpose for the meeting? To crank up the choppers — it’s time (again) for the Japanese government to spend, spend, spend. With (more) borrowed money.