'Japan's Wealth Is Returning': Anonymous BOJ Insider Sparks Panic Over Looming Carry Trade Unwind - Bitcoin News
'Japan's Wealth Is Returning': Anonymous BOJ Insider Sparks Panic Over Looming Carry Trade Unwind - Bitcoin News
Source: Bitcoin News
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DW NOTE
An anonymous BOJ source floating the "wealth return" narrative weeks before Japan's trade balance reports is either a trial balloon or a warning shot. If the carry trade unwinds at scale, the collateral isn't Japanese savings flowing home — it's dollar liquidity draining out of every levered position from Bangkok to Buenos Aires. The BOJ has suppressed its own yield curve for a decade to fund this. Reversing it means choosing between domestic political survival and the stability of markets that have borrowed yen at zero to chase yield everywhere else.