Thursday, July 5, 2018

Japan VS Korea

Jim Rogers talks on why Japan may suffer economically if North and South Korea unite.

"Japanese companies want to invest in North Korea but Japan is against it because Japan cannot compete with a united Korea. A united Korea has 80 million people on the Chinese border, lots of cheap, disciplined, educated labor, huge natural resources, lots of capital, and lots of expertise."

"Japan has declining population and huge internal debt but they don't have cheap labor anymore so Japan doesn't want unification. Japan would do everything it can to fight it. They would use every excuse"

via koreatimes

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