IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
T. Rowe Manager Who Predicted Yen Shock Sees Another One Coming
‘Scapegoating’ of yen carry trade ignores bigger, deeper trend
BOJ hikes and impact on global capital far from simple: Husain
By Ruth Carson
September 3, 2024 at 9:51 AM GMT+8
Save
Arif Husain says he was early in sounding the alarm on Japan’s rising interest rates last year, which he described as the “San Andreas fault of finance.”
The head of fixed-income at T. Rowe Price warned that investors have “just seen the first shift in that fault, and there is more” market volatility ahead after the nation’s rate hike in July helped trigger a violent reversal of the yen carry trade.
It all boils down to affordability. S'poreans who earn an obscene pay do not mind spending a significant amount on a private home and car. It is difficult to put a price on comfort and convenience.