Gains in Nikkei – You Ain’t Seen Nothing Yet: ""This [Abenomics] is for real – take it seriously – for the first time every information source that I have in Japan, after living there for 26 years, is in agreement. The Japanese, this is their defining moment. If they are going to save themselves from obscurity and failure, this is the time," Rogers told CNBC, referring to Prime Minster Shinzo Abe's push for aggressive monetary easing to beat deflation and drive growth in the economy.
"Since the earthquake in 2011, I don't think people externally understand the amount of soul searching that has gone on in Japan trying to figure out how to solve these problems of 20 years of deflation," Rogers added"
"We are seeing the early green shoots of this [yen weakness] beginning to come to fruition. dollar-yen at 110 will cause the green shoots to show up – we will see import substitution, export volume growth, business fixed investment pick-up, wages rise, and employment rises,"
'via Blog this'
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