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NEWSMAKER: No reason why Nikkei couldn't double - Rogers

Friday, May 17, 2013 - 02:24

May 17 - Japan’s markets are massively under-invested according to Jim Rogers, CEO of Rogers Holdings.

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Markets are hitting new highs across the globe but for how long. With his unique take if investor Jim Rogers he's also the author of street smarts -- -- up 70%. Over the past year how are you playing Japan. Less time in the last few times we spoke about children about Japan during the tsunami in Baltimore when mr. obvious that he was gonna print unlimited amounts of money. And so some of my Japanese shares treason but I still. I'm still on Japan it's not good what he's doing that is certainly good for the -- market. What are you belong in Japan. I know main index I own some shares some companies just not getting into -- and somebody abide. But when it plays I am amazed at this company's. If companies went to buy in Japan many people are benefiting from the collapse of the you know the yen is down. Nearly 30% in the last six months. This is a big big shock if it's rare that a currency goes down to move 30% at all. But in six months this is having huge ramifications what's going on. Australian dollars and 67%. A couple weeks in this kind of moves you do not see in currency markets -- How does the rally panel asked what the Japanese. This obvious says he's gonna put an unlimited amounts of money into -- you know. Forever experience. So this has certainly go less as long as they're printing a staggering amount of money. Eventually that the market is going to bring them to their senses but they will come to their senses but the but you know this -- right now for the only time in recorded history. Everybody is doing America's doing -- Japan and New England Europe everybody's printing money in this has never happened in world history. So we interviewed -- -- and good -- and he was saying that there is under investment in Japan do you agree with him. By the Japanese stock market's been going down for 23 years of courses under investment in Japan nobody's wanted to and this has been a big bear market prolonged. Most artists don't have investments investments in Japan most industrialists have not invested in Japan yes there's definitely have 23 year bear market. Yes a great opportunities the Japanese stock market there's no reason they cannot double that's not a prediction for watching and had -- after being in decline for 23 years.

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NEWSMAKER: No reason why Nikkei couldn't double - Rogers

Friday, May 17, 2013 - 02:24