The Yen Carry Trade: What is it? Why is it Important to Global Finance?
What Is the Yen Carry Trade?
The yen carry trade is a strategy where investors borrow money in Japanese yen at low interest rates,
then convert that money into other currencies to invest in higher-yielding assets elsewhere — things
like US Treasury bonds, emerging market debt, stocks, or other currencies with higher rates.
How did we get here? How did the Yen Carry Trade get created?
What Wall Street is saying in 2026 about the Yen Carry Trade.
The early 1990's were the 'poster child' of the 'Japan, Inc.' 1980's bubble era of investing: Enter Pebble Beach Golf Course.
Purchased 1990: $850 to $900 million dollars
Sold 1992: $500 million dollars
1990:
1992:
