Since November The Japanese Market has Outperformed just about Everything

TGR: You have talked about Asian markets where good opportunities still exist. How does Japan's quantitative easing impact those stocks?

Marc Faber : Since the November lows, the Japanese market is up over 70% in yen terms and up 35% in dollar terms, so it has outperformed just about everything. My sense is that whereas many markets like the U.S. are closer to major highs, which may come this year, the Japanese markets, after 23 years of bear markets, saw their historic lows at the end of last year. The Japanese market was long overdue for a correction, which is now underway, but I do not expect new lows. - in a recent interview with The Gold Report

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Marc Faber : Since the November lows, the Japanese Market has outperformed just about everything

Marc Faber : Since the November lows, the Japanese market is up over 70% in yen terms and up 35% in dollar terms, so it has outperformed just about everything. My sense is that whereas many markets like the U.S. are closer to major highs, which may come this year, the Japanese markets, after 23 years of bear markets, saw their historic lows at the end of last year. The Japanese market was long overdue for a correction, which is now underway, but I do not expect new lows. - in Goldseek

Faber : The Japanese market may outperform all the other markets against all expectations in 2012

Marc Faber : "In a money-printing environment I'm reluctant to short. But say whereas I recommended investors to increase their positions last October, November, December, now I think that if people are overweight in equities they should reduce positions somewhat…maybe cash. The U.S. dollar is desirable at the present time. And we have to say one thing. The market consists of thousands of stocks and the market consists of many different stock markets globally. The S&P has done exceptionally well relative to, say, emerging economy stock markets, most of which are still lower than they were in 2011. So, if you look at the advance-decline line of all the share markets in the world, then it is definitely being deteriorating. And I happen to believe that money printing will continue and I would probably buy financial shares and I believe that the Japanese market may outperform all the other markets against all expectations in 2012." - in CNBC 02 Apr 2012
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