Jim Rickards – Japan’s Taking The World Down With Them
May 22nd, 2013
Jim Rickards, Senior Managing Director at Tangent Capital, says the Bank of Japan’s monetary easing policy is so aggressive they are forcing other central banks to cut rates.
Jim Rogers: Yen’s ‘Collapse Very Dangerous’
The dollar hit a four-year high of 103.31 yen Friday, and legendary investor Jim Rogers, chairman of Rogers Holdings, doesn’t think that’s a good thing.
“The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time,” Rogers told Yahoo. “It’s a very, very dangerous move.”
The dollar has gained 25 percent against the yen since Dec. 4, trading early Wednesday at 102.99 yen