Pesek on Asia: Breakfast at Tiffany’s – Bloomberg 10-02-13

Salient to Investors:

William Pesek writes:

  • Asia represents more than half the global economy.
  • Softbank founder Masayoshi Son’s $326 million purchase of Tokyo’s landmark Tiffany Building may be a sign Japan’s long-suffering property market is turning around – the success of this investment will be a good barometer.
  • Every scrap of growth matters in a region struggling to reduce poverty and narrow wage gaps, so Asia is in for a rocky few months as the Fed decides on tapering.
  • Eventually the Chinese will discover tuna and begin outbidding Japan for it.
  • The BRICs are not a genuine collective endeavor with clear aspirations for humankind.

Read the full article at  http://www.bloomberg.com/news/2013-10-02/pesek-on-asia-breakfast-at-tiffany-s.html

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