Im all over it Mad dog.
They have locked in their forward loan rates so short term interest rates are not an issue. They are hedged for further currency falls as you say.
So if the carry trade comes to an end - we are looking at some nice short term capital gains as the AU/JY re-adjusts and all the while being paid 10+% for the privilege of holding our money.
Patience required though.
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Im all over it Mad dog. They have locked in their forward loan...
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