Is Kuroda trying desperately to stall the onset of "Helicopter Money"?

Although much anticipation had been built into today's announcement from Bank of Japan governor Haruhiko Kuroda to deliver an extra boost of stimulus it wasn't to be. Needless to say Kuroda spun a new surprise on the market by stating the central bank is placing the current stimulus program under review with research into the impacts it's having on the Japanese economy.

The announcement might have not thrown the right punches but it does indicate the BOJ is contemplating the use of "helicopter money" which so many expect to be the next policy to be introduced.

Just last week Kuroda had told a journalist in a radio interview that the possibilities and need for "helicopter money" was not necessary and couldn't provide Japan's economy with the requirements to meet its economic goals.

However the markets reaction to his statements told a different story following previous statements made by Kuroda where he had shared the bank's opinion and sentiment concerning the implementation of policy measures skewed largely to the side of pessimism to the markets view whilst abrupting changing his tone not long afterwards by implementing what the market had expected while wreaking havoc in financial markets.

It's this kind of action that leaves market participants with little space to verify the authenticity of central bankers integrity to communicate honestly regarding matters of the economy whether they be prosperous or grave. The crucialness of this is only being seen now with the consistent to and fro motion of indecision as well as the indulgent back pedalling from policymakers when making an endeavouring effort to step away from supporting their economies that have become somewhat comparable to a mischievous child ignoring his parents instructions.

A lack of boundaries during childhood can lead to a problematic outlook later on in life which is certainly what many feel is inevitably happening amongst the developed world's economies with little confidence to say the least. The problem is once you've fallen back on a decision there's little stopping you from doing whatever it is you shouldn't be which is why the notion of "helicopter money" is no a last resort but a necessary evil that merely shifts the extremism of global monetary policy just that much further away from rationality.

"...the BOJ is running into operational challenges as the Kuroda era of massive stimulus wears on". https://t.co/t2zHU1bk5k via @business

— David Kudla (@David_Kudla) July 29, 2016