Global Mining Investing $69.95, 2 Volume e-Book Set. Buy here.
Author, Andrew Sheldon

Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.

While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.

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Monday, January 21, 2013

Japanese Yen weakness promises rosy future for ailing economy

In the last week there have been some positive signs from Japan. The Liberal Democratic Party (LDP) has been able to form a government, in the process resulting in Shinzo Abe being able to launch a new policy direction. His direction is very good, because it offers business some concessions, a loosening of monetary policy, to offer exporters a more competitive exchange rate, as well as funding for the rebuilding of the Tohoku area. The devil of course will be in the detail, however the signs look good.
Understandably the exchange rate has weakened. This should be enormously stimulatory for the country, and I suspect it will be sustained by the strength of the Asian region. This might well be the lead the market needs in terms of dragging the globe out of this slump. Japan needs to rebuild real incomes, and that will come from exports to Asia as well as deregulation of the high-cost Japanese economy. Japan has no choice. The people are already killing themselves with work. They need a lower cost environment. The concessions so far have come from workers in the form of outsourcing, contracted labour agreements which mean many workers are easily fired. This is not to ignore the fact that Japan retains high cost 'life of employment' workers in the large companies. That culture will need to change. We can look forward to a dynamic Japanese economy. Historically transformations have been rapid. Remember that Japan is the compliant society; so expect people to fall into line. Few cultures have such acceptance of personal hardship; so much tolerance for austerity than Japan. It will happen again. I would be expecting to happen quickly, as it did in the Meiji and post-WWII era. One needs only look at the discipline of the Japanese homeless people.

The Yen has alread weakened somewhat; but as is apparent, this is a medium term exit point as Y90 is an important resistance you can see from the chart. You might expect a resumption of Yen strength to Y84 in the coming weak, as traders take profits. The evidence still needs to fall on the table.
USD-JPY EXCHANGE RATE - as at 22nd Jan 2013.
We have long appreciated the virtues of living in Japan. Some years ago I prepared a book on buying foreclosed property in Japan. See the link below.

Asian property markets outperforming Japan Foreclosed Guide Philippines Property Guide
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You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.

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