A peculiar statistic appeared in a recent research note published by investment bank Credit Suisse. As of February 27, more than 12% of all news stories about the yen published since the start of the year made some mention of the yen carry trade, the bank claimed. That compares with less than 4% in 2006 and just under 2% in 2005. And it's not just the media: discussion of the yen carry trade is becoming ever more pervasive among analysts, investors and even regulators.
The essence of the trad
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