Macro shift nobody's talking about:
Yen deflation era → total loan cost was king
Yen inflation era → suddenly ultra-long low-rate loans look insanely cheap
The entire psychology around debt just flipped. What looked like a trap in deflationary Japan now feels like free money when inflation eats your principal.
Same loan. Different world. Different alpha.
If you're still thinking in 2010s terms, you're getting rekt by macro.
Yen deflation era → total loan cost was king
Yen inflation era → suddenly ultra-long low-rate loans look insanely cheap
The entire psychology around debt just flipped. What looked like a trap in deflationary Japan now feels like free money when inflation eats your principal.
Same loan. Different world. Different alpha.
If you're still thinking in 2010s terms, you're getting rekt by macro.