See Fed’s limitations in cutting rates: Asia Pac Asset Mgmt

Chirnside said, “I am quite bullish on Japanese stocks. There is a lot in the price right now.”

Excerpts from CNBC-TV18's exclusive interview with James Chirnside:

Q: Are the markets a little edgy ahead of the big FOMC decision tonight?

A: Yes, the FOMC meeting will be obviously very important however, I believe that there are a number of factors that are going to limit the Fed’s ability to cut any more and plainly that is at the moment a global phenomenon which is inflation.

Q: Focusing specifically on the Japanese markets, are you concerned about a slow down in the Japanese Markets in the January-March quarter considering that the industrial output has slid and the job out look as well is weak?

A: Yes, Japan continues to be hostage to United States and also increasingly for the last few years on China as well. So the prospects of the economies in both those countries, i.e China and the US, will determine ultimately whether Japan does very well. I am actually quite bullish on Japanese stocks. There is a lot in the price right now.

Q: What about sector specific action in Asia, which sectors are you bullish on?

A: Any one that can make a margin on food prices. I remain extremely bullish on food and fibre prices. Traders and trading houses, which are able to participate in that upside, will do very well. 

For more Mutual Fund Interviews click here