Axel Merk: Be Ready for Fireworks in the Currency Markets - Starting in Japan
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Jim welcomes Axel Merk, Founder and Portfolio Manager at Merk Investments LLC. Axel sees fireworks ahead this year in the currency markets, originating out of Japan. He notes that the Japanese have been reluctant to print money since the late 1990’s, but that has changed under the new government of Prime Minister Abe. Axel thinks this could have a positive impact on China, as Japan’s money-printing could be a stimulus for all of Asia. Ironically, the biggest risk could be sustained economic growth, which could cause interest rates to rise and create bond market instability in Japan, and elsewhere.