0 sats \ 2 replies \ @TomK OP 11 Apr \ 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
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21 sats \ 1 reply \ @halalmoney 11 Apr
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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0 sats \ 0 replies \ @TomK OP 11 Apr
Yep
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