'Annuities can play a very strong role, because a lot of them carry guaranteed income,' says Mr. Bonhard.
伯恩哈德说,年金可以扮演非常重要的角色,因为许多年金都会保障收入。
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A large income in rates could also push up the yen as the carry trade unwinds (but, again, exporters could probably cope, since the currency is so competitive).