Berkshire Hathaway said Monday that it has lifted stakes in Japan based Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo to more than 8.5%.
Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate’s storied leader Warren Buffett purchased two years ago.
The... Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate’s storied leader Warren Buffett purchased two years ago. The conglomerate originally invested in the five in 2020. In April, Buffett said exposure to each had been lifted to 7.4%, following another boost in November.
Buffett has been credited with bringing attention to Japan investments, a move that would have paid off as the Nikkei 225 index NIK has gained 28% so far this year, making it one of the best performing regional indexes. Also helping out, optimism over Japan corporate governance reforms, signs of rising inflation and wages, and souring on China stocks. A weak yen USDJPY has also assisted Japan stocks, according to some.
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