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The Home of Ultra-Low Rates Has a Warning for the World

  • It’s created an aggressive breed of yield-hunting investor
  • Interviews reveal the strategies they are using to survive
Building Construction At Hamamatsucho And Takeshiba Area As Japan's Unexpected GDP Growth Comes With Reasons for Caution
Photographer: Keith Bedford/Bloomberg
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As the world sinks into an era of ever-lower interest rates and a chasm of negative-yielding bonds, Japan’s experience offers investors an invaluable precedent.

It’s two decades since the nation pioneered zero rates and more than six years into central bank chief Haruhiko Kuroda’s record stimulus. The money managers who’ve witnessed it all provide unique insights into strategies to survive such a regime.