Predicting the recurrence of the yen shock - Arif Hussein of T. Rowe Price accurately predicted it.

Blaming carry trades as a scapegoat ignores deeper trends.
The impact of the Bank of Japan's tightening and the flow of funds worldwide is not a simple matter.
Arif Hussein, head of the bond department of T. Rowe Price, raised an early alarm last year about the rise in interest rates in Japan, which he warned could trigger a major earthquake in the global financial world, describing it as the "San Andreas Fault".