Marc Faber of the Gloom, Boom & Doom report says he’s high on Japanese stocks, which have been in a bear market for the past 20 years.

“If I had to make a bet for the next ten years in terms of equity markets, I would seriously consider a very strong weighting here in Japan,” Faber said at a conference in Tokyo, according to Bloomberg.com. “Once the debt market starts to go down, the yen will begin to weaken and that will lift equity prices. I would buy equities at the present time.”

According to Faber, the Japanese government will have to print money to combat the country’s high debt load. He thinks that will lead to a weakening of the yen, which will help exports. “If I look at the next five to ten years, the interest payments on the government debt in Japan and the fiscal deficits will become very burdensome and that will necessitate monetization,” Faber said. “That will bring about a huge shift of money out of cash and bonds into equities.”