Can 'Helicopter Ben Bernanke' Save Japan?
If there is a patron saint on Wall Street, it's got to be former Federal Reserve Chair Ben Bernanke. Not exactly surprising for a guy dubbed "Helicopter Ben" for his seminal 2002 speech outlying his strategy for defeating Japan's long debt-deflation malaise: Throw freshly printed cash out of a government helicopter. Now, 14 years on, Bernanke might just put his idea into practice as Japan continues to sink in the quicksand of low growth, deflation and soul-crushing public-sector indebtedness.
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