Global Market Tumbles as Yen Carry Trade Unwinds
Investors React to Unexpected Shifts in Japanese Interest Rates, Sparking Worldwide Stock Sell-Offs
Stocks took a significant dive on Monday, and financial experts are attributing much of this decline to changes in a global investment strategy known as the "yen carry trade." This strategy involves investors borrowing money in Japan, where interest rates are near zero, and then investing that money in places where they can earn higher returns, such as U.S. stocks and bonds.
