Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Friday, June 7, 2013
Jim Rogers on the Yen devaluation effects
The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.
at 11:34 AM