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Bank of Japan and the Carry Trade Bubble: What Japan's Recent Rate Hike means for the Country’s Recovery and the Yen Carry Trade
On February 21, the Bank of Japan voted to raise the unsecured overnight call rate, used as a benchmark for the short-term money market, by a quarter of a percentage point to .5 percent. The move came as part of an attempt to address the problem of the country’s overly cheap credit. Japan has used extremely low rates as a ...
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