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CanadianValue
CanadianValue
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Goldman's Jim O'Neil Discusses Bank of Japan's Stance on Inflation and Direction of Yen

January 15, 2013 | About:

One of the more interesting stories to watch play out over the next few years is going to be Japan. Several well-known hedge fund managers have made high conviction bets against Japan's massive debt load that is sustainable only in an ultra-low interest rate world.

Goldman's O'Neill visited with Bloomberg's Tom Keene on the subject of Japan (and other issues):

- Thinks the market is now starting to understand (as shown by yen weakening) that Japan is now very serious about major quantitative easing.

- For the yen to continue to weaken the market will need to see some concrete action.

- A rapidly weakening Swiss franc is showing that the European situation has become more stable.

- He thinks the markets are taking the new Japanese government more seriously because they are able to put a new head in charge of the Bank of Japan.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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