Sunday, November 27, 2011

Japan stocks are Cheap

Investor Jim Rogers said he likes Japanese stocks, as they are “very cheap” and domestic investors incurring losses overseas are likely to repatriate funds into the local equity market. “They will soon start losing money on the money invested abroad so a massive amount of that money is going to come back home,” Rogers, chairman of Rogers Holdings, said at a forum in Tokyo yesterday. “I doubt that will go into bank deposits or bonds because interest rates are so low. Then at least they can go to commodities or stocks.” - in Taipei Times