Neuberger: ‘Helicopter money’ time
August 5, 2016/ Jamie Legg / News
In the aftermath of the Brexit vote, one key market to watch is Japan. The sharp rise in the Japanese yen is one of the more challenging effects of the UK referendum. The yen has long been viewed as safe-haven currency, and thus recently reached highs not seen since 2014, threatening to undermine progress made via Abenomics. Given this bleak picture, Brad Tank Chief Investment Officer of Fixed Income at Neuberger Berman tells Value Spectrum that Japan could be the first country to introduce the next stage of the Bernanke playbook, which is ‘helicopter money’.