Green Book August 2024
Getting Carried Away
The Bank of Japan’s move to life rates to 0.25% was deemed the end of the “yen carry trade,” and it drove the stock market’s fear gauge to levels reserved for history’s worst catastrophes.
The Bank of Japan’s move to life rates to 0.25% was deemed the end of the “yen carry trade,” and it drove the stock market’s fear gauge to levels reserved for history’s worst catastrophes.