Japanese housewives were famous for carry trade on low Japanese interest rates or discrepancies in exchange rates (taking out loans in Japan, lending money outs

Japanese housewives were famous for carry trade on low Japanese interest rates or discrepancies in exchange rates (taking out loans in Japan, lending money outside of Japan). See: https://documentwomen.com/mrs-watanabe https://documentwomen.com/mrs-watanabe If you can identify a flaw in a government's monetary strategy, you can always do some arbitrage to take advantage of it, and people do that.