Monday, February 24, 2014

Rogers Pessimistic on the Long Term Outcomes of Abenomics

Rogers said he had added to Chinese financials stocks as a longer term bet.

‘Maybe we will have more problems in that area coming soon and so don’t jump right in. Five to ten years from now, I do think though that we will have some staggering opportunities,’ he said.

While Rogers is pessimistic on the long term outcomes of Abenomics for Japan’s currency and debt levels, he sees stock opportunities in Japan’s recent law passed on allowing individuals to invest in tax-free accounts.

'People are going to invest with the names they know,' he added, commenting on the stock Nippon Telegraph & Telephone, that he recently added to the portfolio.

- in City Wire

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).