Japan’s Honda: The idea of perpetual bonds was discussed with Bernanke in April

Japanese Abe’s Adviser Honda was out on wires via Bloomberg, commenting on the much talked about perpetual bonds (helicopter money).

Key Headlines:

Honda ran the idea past Bernanke in April who noted it was an option

Bernanke had warned Honda that Japan could return to deflation at any time

Honda thought at the time that Japan was already engaged in supplying helicopter money but wanted to convey the idea to Abe and invited Bernanke to meet with the PM at that time