Japan is one of my very favorite
countries in the whole world. I'm
extremely keen on Japan in fact I would
probably live here except I want my
children to speak Mandarin. But if you
spoke Mandarin, I would probably
live in Japan as it's
such a fantastic place to visit and
live.
Having said that, it grieves me
because I see serious problems in Japan
which is the point of this book. I am
a foreigner and I know that the Japanese
don't like foreigners but this this book
is not really a foreigners book it is
based on simple arithmetic
whether you're Japanese or not Japanese
the arithmetic is the same.
Every day the
debt goes higher, there's addition and
there's subtraction because every day
the
population declines in Japan. Everything can go wrong. You have a central
bank which is printing staggering
amounts of money every day and buys
Japanese shares and Japanese bonds.
I'm
old enough to remember and maybe some of
you are that if even 30 years ago
somebody had said, "Oh, the central bank of
a major economy and a major country is
going to print huge amounts of money and buy shares in its stock market." people would have walked away. They
wouldn't listen to you anymore, so
incomprehensible, inconceivable that that
could happen even 30 years ago.
But look
out the window, it's happening every day
in Japan right now while the population
declines and the debt goes up. So, I mean
as far as I can see Japan doesn't have a
great future.
Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index
