每日钉一下（日元加息，对全球市场会有什么影响？）

Group 1 - The article discusses the importance of diversifying investments across different asset classes, including both RMB and foreign currency assets, as well as stocks and bonds, highlighting the role of US dollar bond funds in this strategy [2] - A free course is offered to provide systematic knowledge on investing in US dollar bond funds, including course notes and mind maps for efficient learning [2] Group 2 - The article examines the impact of rising interest rate expectations for the Japanese yen on global markets, referencing historical context where Japanese assets experienced a bubble in the late 1980s, leading to a significant market decline [5] - Japan's 10-year government bond yield fell from around 8.5% in the 1980s to near zero by 2015, with the Bank of Japan using low interest rates to stimulate the economy during prolonged downturns [5][6] - The low interest rate environment in Japan led to an international arbitrage strategy where investors borrowed yen at low costs to invest in other assets, benefiting from both currency and interest rate gains [6][8] Group 3 - Warren Buffett's investment strategy is highlighted, where he issued low-interest yen bonds to finance purchases of Japanese stocks with high dividend yields, specifically targeting the five major Japanese trading companies [9] - These trading companies are characterized by cross-shareholding, which is common in Japan, and they offer attractive dividend yields, averaging 4%-5% at the time of Buffett's investment [9][10]