Japan’s Yield Shock: Takaichi Presses BOJ as 30-Year Hits 3.97%
PM Takaichi’s May request that the BOJ buy more bonds becomes public as 30-year JGB yields hit a record 3.97% and 10-year yields the highest since 1996.
yen carry trade
Carry Trade Explained: How It Works and Why It Blows Up
How the carry trade works in plain English: borrow in a low-rate currency, invest in a higher-yielder, pocket the spread — and what causes the unwinds.