Bitcoinia (Bitcoin Art) on Nostr: Just was talking to a Singaporean guy who was able to take a Japanese Yen denominated ...
Just was talking to a Singaporean guy who was able to take a Japanese Yen denominated loan from a Singaporean bank to buy a Japanese rental property (income above costs apparently) and Japanese govt gave him immediately a 10% tax rebate of some sorts.
Can you say Japanese Carry trade?
Apparently lots of 'smart finance people' have been doing it and 'the Japanese govt is very conservative about changing interest rates' even though he knew that they just did raise interest rates for first time in decades (?).
I asked what happens if Japanese interest rates go up? He said his costs will increase but they are still low right now.
I said the entire world is in the same boat. He seemed unsure about that propsect 😒. I didn't bother with the Bitcoin speech, he's too far deep and I just met him in line at the airport. Lucky fella escaped unscathed!
But Bitcoin.
Can you say Japanese Carry trade?
Apparently lots of 'smart finance people' have been doing it and 'the Japanese govt is very conservative about changing interest rates' even though he knew that they just did raise interest rates for first time in decades (?).
I asked what happens if Japanese interest rates go up? He said his costs will increase but they are still low right now.
I said the entire world is in the same boat. He seemed unsure about that propsect 😒. I didn't bother with the Bitcoin speech, he's too far deep and I just met him in line at the airport. Lucky fella escaped unscathed!
But Bitcoin.