Carry Trade

Japan still looms large over global financial markets. A sharp sell-off in yen-funded trades – known as the yen carry trade – over the summer is just the tip of the iceberg. Japanese banks, companies and investors still hold trillions of dollars' worth of yen-funded investments overseas. As the Bank of Japan raises interest rates how much of that will be impacted and how quickly? Host Carmel Crimmins is joined by Chief Correspondent Leika Kihara and Finance and Markets Breaking News Editor Vidya Ranganathan to talk about the carry trade. Plus, we hear what the inhabitants of Makinohara, the birthplace of Bank of Japan Governor Kazuo Ueda, think of his policies. Sign up for the Reuters Econ World newsletter here. For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices