{"id":2745,"date":"2024-09-07T13:38:58","date_gmt":"2024-09-07T05:38:58","guid":{"rendered":"https:\/\/www.doorm.cn\/?p=2745"},"modified":"2024-09-07T13:38:58","modified_gmt":"2024-09-07T05:38:58","slug":"how-did-buffett-arbitrage-with-yen-bonds","status":"publish","type":"post","link":"https:\/\/www.doorm.cn\/?p=2745","title":{"rendered":"How Did Buffett Arbitrage with Yen Bonds?"},"content":{"rendered":"<div style=\"width: 640px;\" class=\"wp-video\"><video playsinline class=\"wp-video-shortcode\" id=\"video-2745-1\" width=\"640\" height=\"360\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/video.jlpapa.com\/wp-content\/uploads\/2024\/09\/20240907133207810.mp4?_=1\" \/><a href=\"https:\/\/video.jlpapa.com\/wp-content\/uploads\/2024\/09\/20240907133207810.mp4\">https:\/\/video.jlpapa.com\/wp-content\/uploads\/2024\/09\/20240907133207810.mp4<\/a><\/video><\/div>\n<p class=\"p1\"><span class=\"s1\">Xiaohuang: DOORM, what benefits did Buffett\u2019s company Berkshire gain by issuing 433 billion yen in bonds in 2019?<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">DOORM: Xiaohuang, Buffett\u2019s company Berkshire issued 433 billion yen in bonds in 2019 mainly to take advantage of the low-interest-rate environment in Japan at that time. The debt servicing cost was estimated to be about $4 billion at the time, but now, due to the yen\u2019s depreciation, the cost is roughly only $2.6 billion, a reduction of about $1.4 billion. This arbitrage not only lowered the company\u2019s financing costs but also provided additional gains through exchange rate movements.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><div class=\"floating-menu float-menu-1 notranslate\"><ul class=\"fm-bar\"><li class=\"fm-item-1-0\"><a href=\"https:\/\/www.doorm.cn\/recommend.php\" target=\"_self\" ><div class=\"fm-icon\"><i class=\"fab fa-youtube \"><\/i><\/div><\/a><\/li><\/ul><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xiaohuang: DOORM, what benefits did Buffett\u2019s company B [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[218],"class_list":["post-2745","post","type-post","status-publish","format-standard","hentry","category-doorm","tag-218"],"_links":{"self":[{"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/posts\/2745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2745"}],"version-history":[{"count":1,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/posts\/2745\/revisions"}],"predecessor-version":[{"id":2746,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=\/wp\/v2\/posts\/2745\/revisions\/2746"}],"wp:attachment":[{"href":"https:\/\/www.doorm.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.doorm.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}