Hajime Yamazaki must be an enemy of mutual fund companies.
The popular investment consultant goes out of his way to criticize what he calls U.S.-style investment education, which is widely used to sell mutual funds, or investment trust funds, in Japan.
"American-style investment education is not necessarily correct," he said. It is only valid with the remarkable performance of U.S. stocks in the 1990s and is also biased toward fund sellers, not consumers, added Yamazaki, chief investment consultant at Sanwa Research Institute & Consulting Corp., an affiliate of UFJ Bank.