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