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Japan’s Hamada: Reiterates opposition to helicopter money

Hamada, Economic adviser to the Japanese PM Shinzo Abe, was on the wires last minutes via Bloomberg, reiterating opposition to helicopter money.

Key Quotes:

Reiterates opposition to helicopter money

Favours recognizing defacto debt monetization

Favours Japan proclaiming a debt monetization policy

Nikkei 225 rebounds in Asia, China bucks the trend

The Asian traders moved past BOJ-led disappointment and hence, allowed a solid recovery in the Japanese stocks this Monday, which drove Asian markets
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Gold flat lined around $1350 on mixed China data

Gold is trading dead flat around $1350/Oz amid batch of China data and slightly hawkish comments from NY Fed’s William Dudley. USD weakness supports
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