Fresh from a crushing victory in upper house elections, Japanese Prime Minister, Shinzo Abe has ordered a fresh round of stimulus spending in the hopes boosting his country’s anemic economic growth.

His ruling Liberal Democratic Party strengthened its grip in Upper House elections that many saw as an endorsement of so-called “Abenomics” his controversial economic policy aimed at pulling Japan out of more than 20 years of deflation.

Though Mr. Abe did not provide specifics of the amount of stimulus he would be unleashing, Assured Trading said it believed the sum would be considerable now that his government was viewing the Upper House victory as a fresh mandate for their policies.

Markets are expecting a deviation from the hitherto “conventional” stimulus that the country’s central bank, the Bank of Japan has relied upon. Many commentators believe that the new stimulus will be the first example among advanced nations of so-called “Helicopter money” whereby the central bank creates money to fund government fiscal spending directly instead of the usual method where the BoJ buys assets like bonds and ETFs from financial institutions in the hope that they will use the money to lend to companies and consumers.

“This could set an incredibly dangerous precedent,” said Jana Makiguchi, newly-appointed chief economist at Assured Trading.

“To allow the central bank to effectively print money and give it to the government to fund spending on public projects or to give back to consumers in the form of tax rebates is economic madness and could result in the kind of catastrophe that befell countries like Venezuela and Zimbabwe.”

Assured Trading says that the case for holding precious metals would be amplified if the policy was implemented.

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