There is now extra demand for safe assets.

现在进而产生了一个对安全资产的额外需求。

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For the time being the investors' preference to these kind of safe assets will remain.

在目前来看，投资者青睐安全资产的现象还会持续。

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But since late last year, a flight to safe assets by global investors has reversed the yen's direction.

然而自去年年底以来，全球投资人纷纷逃向安全资产，反转了日元的走势。

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They are selling risky assets such as stocks and bidding up the prices of safe assets.

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Equities had traditionally been seen as paying a risk premium over the return on safe assets.

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With the real estate sector obliterated and Europe in shambles, supply of safe assets has fallen dramatically, Kocherlakota explained.

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