Posted by seumasach on November 18, 2008
By Kosuke Takahashi
Asia Times
18th November, 2008
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
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Posted in Financial crisis | Tagged: financial collapse, yen carry trade | Leave a Comment »
Posted by seumasach on October 24, 2008
This clarifies things greatly : both the dollar and the yen have been vehicles for “carry trades” with London at the their heart. Both currencies have surged massively against the pound in particular as these speculations unravel.
Peter Garnham
24th October, 2008
The yen surged higher on Friday, hitting 13-year highs against the dollar and pound and jumping to a six-year peak against the euro as panic gripped global markets and forced investors to abandon risky positions.
Posted in Financial crisis | Tagged: financial collapse, yen carry trade | Leave a Comment »
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