This mass sell-off of yen-funded investments has triggered a sharp decline in global stock markets, with Japan's Nikkei index suffering the most significant losses.
The Indian Markets are now more balanced than before as the markets have also gone through recent major events such as Elections and Union Budget 2024."We are booking profits from the Cyclical sectors and the defensive sectors are making a comeback.
The traders profit from a divergence in interest rates across the world.• Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation.• It continued holding rates low after the pandemic, in contrast to other major central banks that started hiking them.
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