Ep. 229: Brad Setser on Yen Carry Trade, US-China Trade, and US Profit Offshoring
Macro Hive Conversations With Bilal Hafeez
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Navigating Japan's Financial Landscape
This chapter explores the academic and professional journey of the guest into policy economics, focusing on the recent dynamics of the yen carry trade and its implications for Japanese financial institutions. It analyzes the effectiveness of currency interventions and discusses Japan's unique position in the global financial context, particularly regarding its foreign asset holdings. The conversation contrasts Japan's fiscal situation with that of the United States, providing insights into the complexities of Japan's debt and investment landscape.
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