A reversal of power


What once proved a ‘fail safe’ bet has come back to haunt investors in Japanese power reverse dual currency (PRDC) notes. Betting the Japanese yen would not appreciate as much as the forwards implied against higher-yielding foreign currencies such as the US dollar and Australian dollar, the notes offered high returns for what seemed to be a relatively low risk.

In their simplest form, PRDC notes allow investors – traditionally hampered by low domestic interest rates in Japan – to benefit from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here