Earlier in the week, the Japanese Nikkei posted a loss of more than 12% - the worst drop since 1987, and one that plunged Japan into three decades of economic malaise, dubbed 'The Lost Generation'. It happened again on Monday, then staged a rally on Tuesday. The ASX and other share markets around the world experienced similar. And our little Aussie Battler AUD has taken a beating.

We also had an RBA monetary policy decision - a hold. Probably what Australia needs right now, a steady hand.

Here to talk us through all of this is Firstmac's CFO James Austin. Firstmac is Australia's largest non-bank lender with over $16b in loans under management. The company and James also have deep experience in Japanese funding markets.

In the interests of full disclosure, Savings.com.au is an associate of the Firstmac Group.

00:00-00:45: Intro

00:45-01:36: RBA Rate Cut Decision

01:36-02:44: Recession Fears

02:44-04:31: Japanese Nikkei & Yen

04:31-06:01: RBA Rate Cut Forecast

06:01-08:12: Car & Home Loan Delinquencies

08:12-11:04: APRA 3% Buffer

11:04-12:21: Refinancing Buffers

12:21-12:36: Outro