Tuesday, June 26, 2007
Yen carry trade will cause hedge fund collapse
The yen rebounded on Tuesday, after Japanese Finance Minister Koji Omi warned about the risk of markets making one-way bets against the yen. Eisuke Sakakibara, "Mr. Yen", Professor at Waseda University and CNBC's Christine Tan, discuss if the government should intervene in the yen carry trade.