Jim Rogers says Abe will ruin Japan
Jim Rogers, the billionaire famous for bets on commodities and Asia, says Abe’s policies are a disaster in the long term and not guaranteed to work in the short term. He spoke in an interview with Fusion MarketSite. He is beginning to dip into Chinese stocks but is concerned about water infrastructure. He likes agriculture, natural gas and says the euro will look very different in a number of years.
Japan has a very serious problem. When we look back, Mr. Abe will have ruined Japan. Huge debt levels, horrible demographics, they won’t let in foreigners, the population is declining. Mr. Abe comes along and says he’ll ruin the currency. It is a disaster in the long term, and not guaranteed to work in the short term, either.