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Bloomberg

Yen Carry Traders See Opportunity in Ishiba's Election Setback

By , David Finnerty, and Takahiko Hyuga Save The yen carry trade that crashed and burned last year may end up being one of the biggest beneficiaries of Japan's seismic election result. The popularity of the strategy, which involves borrowing the relatively low-yielding yen and investing in other currencies offering higher returns, is growing following the vote in which Prime Minister Shigeru Ishiba lost his upper-house majority, investors say.