Japan's Yen Becomes Key Global Funding Currency Amid Low Rates

Japan's ultra-low interest rates have transformed the yen into a key funding currency for global finance, facilitating a 'yen carry trade' that surged post-pandemic. Speculators are expected to bet $435 billion by 2024, out of an estimated $1.7 trillion in yen supplied, generating profits in the tens of billions for global investors.

Read the full story at The Guardian AU→