The Yen Carry Trade

[schundler]

The BoJ decided to leave interest rates at 0.5% a few days ago for the time being.

If one were to borrow japanese yen, then convert it into dollars (or another currency) and invest it at 5%, profit can be made. The only risk is in changes in the exchange rate between the currencies.

A few questions.

I've read conflicting reports on the future of the Yen Carry trade. Some say it will continue, others that it won't. Which is right?

Some hedge funds do this. As a private investor, and a US citizen, how would one go about getting a Japanese loan logistically? Is this even possible?