Is the Carry Trade Unwinding?

2025-12-02T20:11:14+00:00December 2nd, 2025|Categories: INVESTMENT|

Executive Summary Japan’s Nikkei 225 stock index peaked in 1989 and took 34 years to recover after the dramatic decline (see first graph). In an unprecedented move to combat deflation and spur growth, the Bank of Japan pursued ultra-loose monetary policies – zero and negative interest rates, [...]