CHICAGO, June 18 Templeton bond fund manager
Michael Hasenstab, an influential voice on emerging market debt,
said Wednesday that Japan's easy money policy will bolster
global liquidity, but he also warned that debt conditions in the
Asian country are worrisome.
Hasenstab, who runs the $72 billion Templeton Global Bond
Fund for Franklin Resources Inc, said he was concerned
that the Bank of Japan is on course for "excessively easy
monetary policy." He added that any investors are worried about
debt levels of the United States "should be petrified about the
debt conditions of Japan."
Hasenstab made his remarks in Chicago at Morningstar Inc's
annual investment conference, where he was a keynote speaker.
Hasenstab said Bank of Japan's easy money policy will
bolster the liquidity of global bond markets. That could be a
benefit for debt issued by emerging market countries because it
will make their bonds easier to trade.
Hasenstab's fund has an emerging markets tilt and he is
known for making contrarian bets on the bonds issued by Ukraine,
Ireland and Hungary.
(Reporting By Tim McLaughlin; Editing by David Gregorio)