By Patrick Rial and Lynn Thomasson
June 24 (Bloomberg) — Japanese stocks, Asian real estate and commodities are investors’ best bets as faster inflation erodes returns in the rest of the world’s markets, said investor Marc Faber, author of the Gloom, Boom & Doom Report.
“Demand for commodities and oil will not vanish.” Faber said at a conference in Tokyo. “The shift in demand that drove up commodity prices is not going to go away.”
Record prices for commodities have accelerated inflation around the world and lifted shares of raw material and energy producers. Oil more than doubled since the beginning of last year, while products including coal, rice and fertilizer also reached record highs in 2008.
Faber, who told investors to buy gold as the metal began a seven-year rally, predicted inflation may boost Japanese share prices and Asian property will benefit as more people gain access to mortgages.
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