Jim O’Neill Seminar -¥ / Japan / Aussie $ / Brazil Real

Well by sheer charm and standing in Tokyo I was able to get a seat to see a true master of the universe Goldman Sachs Asset Management Chairman Jim O’Neill.

•The Bank of Japan can achieve 2% percent inflation within two years and then may need to concern itself with containing prices if it succeeds .
If they are committed he said then they can ,Haruhiko Kuroda has pledged to do “whatever it takes” to beat deflation and plans to double the monetary base!

Goldman Sachslast week increased the outlook on Japanese Equites , my view has always been whatever Goldman does the market follows .
Outlooks for 2013
•Topix – 1,350
•Nikkei 225-16,000

By 2015 they see
•Topix – 1,600
•Nikkei 225-19,000

YEN- ¥
• He believes the consequences of “Abenomics” would be a $/Yen 105-110, but Y120 could happen faster with the US change not being quite so necessary.

Australia

•it’s overvalued !

“A currency I find the most interesting is the Australian $” O’Neill, &“The Australian dollar is significantly overvalued.”

Reason for this is foreign purchase of government debt .

Brazil Real
• The weak economy means there is no appreciation likely .

•Last week the central bank increased interest rate to control inflation.

Manchester United

Always the die hard fan , he’s looking forward for Manchester United winning their 20th title .

What a guy , what a company .

I am so glad that deVere Group is working with Goldman Sachs , it’s going to be amazing

https://www.devere-group.com/news/deVere-Group-Goldman-Sachs-Fund-Advisors.aspx

Tony Evans
Tokyo Japan

Picture was taken as screenshot off Berg.

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