Andrei Jikh: a call with no clear direction

The window it was checked over

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

for the last quarter of the business year, and they're warning of rough waters ahead. Rice prices in Japan remain stubbornly high. Consumers are struggling to put food on tables and retailers to put products on shelves at affordable prices. The government has been trying to fix the problem with limited success. Now, you probably don't spend a lot of time thinking about Japan's economy, and most people don't. It's on the other side of the world, and it's not in the headlines all the time like the US or China. But the reality is that Japan could increase interest rates in your country, crash stock portfolios all over the world, and potentially even trigger the next global recession. Because Japan is not just another country. It is one of the biggest creditors on Earth. It holds over a trillion dollars in US government debt. And for decades, it's been the engine that powered some of the world's riskiest financial bets through something called the yen carry trade. And the yen is one of the most important currencies in the world. And it's also getting stronger. Now, that sounds like a good thing, but it's actually not. And we found out why it's not last year in 2024. That's when we saw the

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.