Episodios

  • Japan Banks on the Greenspan Put

    Japan Banks on the Greenspan Put
    Aug 13 2024

    On 31st July, the Bank of Japan increased interest rates to 0.25% and shocked everyone. Global stock markets crashed. But just as swiftly, the central bank backtracked , tried to soothe the nerves of investors, and said it wouldn't raise interest rates anymore. In this episode, we explain how an interest rate hike killed something called the Carry Trade and why the Bank of Japan felt the need to resort to the tactic of a former US Fed Chairperson and save the stock market.
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    8 m