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Politics

'Helicopter drop' hopes propel short-yen, long-equities trade

TOKYO -- Speculation that the Bank of Japan may soon resort to monetary handouts appears to be moving the yen and Japanese stocks in directions Tokyo wants them to go.

Both the government and the BOJ have dismissed talk of dispensing "helicopter money," hitherto a no-go that critics say would undermine confidence in public finances and the currency. But investors hoping to perpetuate liquidity-driven markets are egging them on.

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