"For the next 50 years, the inflow of Japanese funds will be greater than the outflow," he said.

A flood of new Japanese mutual funds, for example, has reversed a prolonged contraction in the industry.

Around 1939 he was arrested for influencing the national media with Japanese funds, spending nine months in prison.

Oh you mean tip in those into, from the Japanese fund into the managed fund.

But no longer are Japanese fund flows likely to be concentrated in specific markets.

Japanese funds have moved higher this month in large part because of the falling dollar.

For the 52 weeks ended Feb. 11, the Japanese funds turned in a razor-thin loss of 0.7 percent.

A special Japanese fund that is administered by the bank added $4 million more.

"But outside of these rumors about the Japanese funds, nobody seems to profess any interest in buying."

If the yen weakens, the dollar value of a Japanese fund falls.