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0 sats \ 2 replies \ @TomK OP 11 Apr 2024 \ parent \ on: Yen: Bank of Japan refuses to intervene econ
Tokyo is the starting point for carry trades. above all, it is the base of the Asian euro-dollar area. The Europeans live existentially from the capital raised in Asia in Tokyo and then invested in the eurozone
Ah, the carry trade! So, if Japanese rates increase it’s not just a problem for Japanese corporations but Europe too. What a wonderful integrated mess!
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Yep
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