Investors aren't executing carry trades as they did before the crisis.

投资者执行套利交易的方式跟危机前有所不同。

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Then came the credit crunch and some carry trades broke down spectacularly.

然后，就来了这场信贷危机，一些套息交易轰然崩盘。

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Carry trades make sense only if the investor assumes that the yen will remain weak.

只有当投资者假设日元将保持疲软，套息交易才有意义。

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That world is one in which so-called carry trades keep passive money chasing growth-economy returns.

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To hedge against the possibility that yen carry trades reverse, you should also have money in Japanese stocks.

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Only the yen and Swiss franc offer lower borrowing costs and we expect those carry trades to also reassert themselves.

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