Sunday, Jul 09, 2006

Time to raise the rates in Japan

Observer: Buoyant Japan to raise rates

" ......Foreign investors had been borrowing for free in Japan, and pouring the cash into high-yielding assets in developing markets - the so-called 'yen carry-trade'. Emerging market assets plunged last month as investors hurriedly unwound these bets in the expectation of higher borrowing costs......"

Posted by Waiting Patiently @ 10:05 AM (586 views)
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1 Comment

1. Surfgatinho said...

Would have made better reading if the article had alluded to what effect this would have outside of Japanese equities

Sunday, July 9, 2006 10:34PM Report Comment

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