Merk In The News     |      Merk Funds News
Home > Media > September 12, 2013

Merk In the News: Bloomberg
Subscribe to our Newsletter

Portfolio manager Axel Merk tells Bloomberg's Tom Keene the yen may weaken to "infinity" versus the dollar

"The yen may weaken to 'infinity' versus the dollar as central bank policies in Japan and the U.S. diverge, according to Axel Merk of Merk Investments LLC[...]

'The biggest fear that I have is that some of the policies we have are working, be it in U.S. or Japan,' Merk said in an interview yesterday on Bloomberg Radio's 'Surveillance' with Tom Keene and Michael McKee. 'That means that yields are going to spike -- it means that we cannot afford government deficits. In Japan, it's very clear that the Bank of Japan is going to jump in to put a lid on that, and there the yen has to cave in.'..."