ilmscore | Prediction Details
"because Japan started to experience deflation and prices started to fall so to save itself Japan slashed its interest rate to nearly zero and then eventually to negative to encourage people to go out borrow money and spend it but the Japanese people just experienced the worst economic crash of their lifetime they didn't want to borrow instead the borrowers became speculators from other countries and that's what created the carry trade that turned Japan into the biggest creditor Nation in the world where countries go to borrow cheap money"
By Andrei Jikh | August 19, 2024 | Pending
From video
The Japan Bubble: How One Country Is Holding Up The Entire World 00:07:27 - 00:08:03
Interpreted Prediction
Japan's implementation of near-zero and then negative interest rates in response to deflation created an environment for the carry trade, making Japan a major source of cheap borrowing.

Prediction Details

Topic
Impact of Negative Interest Rates on Carry Trade

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