Jim Rogers Bullish on Japan Equities on Abe’s Catalyst; “Japan is one of the few places in the world where I own shares,”

Jim Rogers Bullish on Japan Equities on Abe’s Catalyst

Jim Rogers, who co-founded the Quantum Fund with George Soros in the 1970s, said he increased his holdings of Japanese shares and plans to buy more because Prime Minister Shinzo Abe will boost the economy.

“Japan is one of the few places in the world where I own shares,” Rogers, chairman of Rogers Holdings, said at a Daiwa Securities Group Inc. (8601) equity conference in Tokyo today. “I have no plans to sell and plan to accumulate more when I can. Abe has been a catalyst and this will continue for several years.”The Topix Index (TPX), Japan’s broadest equity measure, has jumped 38 percent since Nov. 14 last year, when elections were announced and optimism grew the new government will push for aggressive monetary policy to beat deflation. The yen has weakened about 16 percent in that period, boosting the earnings outlook for exporters such as Toyota Motor Corp. and Canon Inc. (7751)

Rogers said he owns shares of Japanese tractor makers on optimism they will be more competitive abroad because of a weaker yen, as well as brokerages.

The investor also see another reason for optimism in the potential shift in asset allocation to stocks from bonds by the Government Pension Investment Fund, which has 108 trillion yen ($1.16 trillion) under management. Rogers added that he has no intention of short-selling Japanese government bonds because the central bank said it will keep purchasing the securities.

Rogers has previously been bearish on the stock market, missing out on most of the equities rally that saw the Standard & Poor’s 500 Index more than double since March of 2009.

To contact the reporters on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net; Toshiro Hasegawa in Tokyo at thasegawa6@bloomberg.net

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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