Petrodolllar: Can it survive ?
The possibility of Japan buying oil in Yen is increasing. If this happens, we will witness one of the most devastating financial crises or meltdowns of our lifetime.
The chain that markets worry about is roughly:
Oil priced in yen → less structural yen-selling → stronger yen → carry-trade unwind + Japanese capital repatriation → selling pressure on global assets and Treasuries → higher yields, tighter liquidity, and volatility spikes.
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In EconSphere
