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Japan stocks take largest dive since Black Monday of 1987
(asia.nikkei.com)
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this post was submitted on 05 Aug 2024
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I'm not super confident on this but I don't think it's USA markets bad -> Japan markets worse
It's Japan market goes bad because new thing (yen rate) -> USA markets worse
Except right now we're only on the Japan market bad part and not the USA part because it's still the weekend
If what people are saying is true, people who have borrowed the yen likely invested in US securities and since the yen is going up + 0 -> .25% interest rates, those invested US securities will have to be sold off to cover the appreciated yen loan