The globalisation of finance: home carry trading. Back in the outdated time, Japanese homes spared in yen, and their yen were used to invest in yen-denominated domestic mortgages and yen-denominated loans to Japanese company.

The globalisation of finance: home carry trading. Back in the outdated time, Japanese homes spared in yen, and their yen were used to invest in yen-denominated domestic mortgages and yen-denominated loans to Japanese company. Garnham and Tett’s...

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