Friday, March 14, 2014

Jim Rogers : I’m investing in Japan

"First of all, the market is down 70 percent or so from its all-time high. But Mr. Abe has said he’s going to print unlimited amounts of money. Those were his words. So he’s going to ruin Japan. Twenty years from now, we’re going to look back and say: that was the death knell for Japan.

But in the meantime, if you print unlimited amounts of money it’s got to go somewhere. The market is down dramatically in 24 years. And Abe also passed a law giving tax incentives for ordinary Japanese to invest in the stock market. I’ve seen that happen many times in history, and it always gets people to invest.

For those reasons, I’m investing in Japan. I repeat: this is all going to be a disaster in the end. Printing unlimited amounts of money is terrible. Running up staggering debt is terrible. But that’s what Mr. Abe is doing. He’s going to ruin Japan. But he might make the stock market go higher." - in IB Times

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).