Japan more attractive as investment at the moment than USA, Germany....

America, Germany and many other developed markets are near all-time highs and most undeveloped markets are not. I would prefer to invest in places like Japan, that is still nearly 65 per cent below its all-time high. I would rather invest in Japan rather than in New York. China, too, is around 65 per cent below its high levels. I would much prefer to judge each situation based on its own merit and invest in China or Japan, given that they are depressed, rather than Germany or America.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Thoughts on Currencies and the world

I own the renminbi. I also own the dollar, not because I have such confidence in the U.S., but because I've got to invest somewhere, and if turmoil comes, people will flock to the dollar. It's not a safe haven, but it's considered that way. I cannot invest the way I want the world to be; I have to invest the way the world is.

Look, the yen has declined 25% [against the dollar] in less than a year, a staggering move for one of the world's most important currencies. The euro is a fabulous concept, but its execution has been bad.

I also own the Singapore dollar because I have expenses here. Singapore has allowed its currency to appreciate as a way to attack inflation—and it's an export economy. It doesn't have cotton fields or oil or natural resources, and everything is imported.

The Chinese should learn from Singapore. There are 1.3 billion Chinese, and they would be better off if its currency went up, because the cost of living would go down. Yes, some people, like the exporters, would have to adjust. But remember, the Japanese yen has gone up a lot against the dollar over the decades, and Japan still has a trade surplus with the U.S. But China does things its own way, and I think this is one of their mistakes.

source: barrons.com

Countries fighting debt with more debt

The fundamental problem in Japan is demographics. If they would let in immigrants or if they would have babies, then Japan could be very exciting. But they're not doing that, and they've got to stop spending money. Domestically, Japan is the world's largest debtor nation, and [Prime Minister Abe] says he's going to spend even more. It's astonishing to me that in the last decade or so, politicians all over the world have said the problem of having too much debt should be solved with even more debt!

Japanese can make money investing at home

They[Japanese Investors] will soon start losing money on the money invested abroad so a massive amount of that money is going to come back home. I doubt that will go into bank deposits or bonds because interest rates are so low. Then at least they can go to commodities or stocks.

Jim Rogers advocates a strong currency but Japan wants a weaker yen(CYB, FXY ... - NASDAQ

Legendary investor Jim Rogers once declared that a weak currency is evidence of a weak economy, which is evidence of a weak government. Japan is all for a strong currency -- for China.
In an article in The Wall Street Journal
by Lingling Wei, Bob Davis and Takashi Nakamichi, it was reported that, "A wide-ranging currency agreement struck this weekend between China and Japan is expected to give the Chinese yuan a more powrful role in international trade, but substantial barriers remain before the yuan can emerge as a currency powerhouse."
As detailed in previous articles on www.emergingmoney.com , the yuan ( CYB , quote
) is becoming more accepted in international commerce.  This will eventually raise its value, due to basic supply and demand matters.
The Wall Street Journal
article, "Tokyo signals support for yuan," noted that China and Japan will now trade in yuan/yen transactions, without having to convert to a U.S. dollar first.

In addition, Japan will now hold the yuan in its foreign reserves, which now consists mainly of the US dollar.
The stronger the yuan becomes, the better for Japanese exporters who sell in foreign currency but add up their book in yen.
Global giants like Toyota Motors. Canon Inc, are suffering from having to sell internationally under a more costly currency regime.
A stronger yuan also means Chinese exports are much less competitive against those from Japan as Japanese exports to China become that much more of a bargain for consumers.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.