Abe's Defeat Is a 'Huge Buy Signal' for Japan, Ed Rogers Says
- Sees pressure for Abe to return to economic objectives
- ‘Wake up’ call says Rogers, of Rogers Invesment Advisors
Shinzo Abe's Defeat and the Japanese Economy
This article is for subscribers only.
Japan Prime Minister Shinzo Abe’s election defeat in Tokyo last weekend is a “huge buy signal” for Japanese equities because of the increased pressure on Abe to return to his core task of boosting the economy, said Ed Rogers, head of Rogers Investment Advisors.
The result of the Tokyo assembly elections is a “wake-up call” for Abe to go back to economic reform instead of pursuing constitutional change, Rogers said in an interview with Bloomberg TV. Rogers Investment is an Asia-focused advisory group that provides funding and support for hedge funds.