Berkshire Hathaway Inc (BRK.A): "Will Buffett's bet on Japan's t...

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bar1080

Re: Prudent Capitalist post# 963

Friday, 04/14/2023 6:57:43 AM

Friday, April 14, 2023 6:57:43 AM

"Will Buffett's bet on Japan's trading houses bear fruit?"

"OKYO -- Billionaire investor Warren Buffett has high hopes for Japan's well-connected trading houses in an increasingly information-driven world, though the businesses still have much to prove on the ability to turn investments into a driver for growth.

Buffett is in Japan this week and is meeting with the leaders of the five top players -- Itochu, Mitsubishi Corp., Mitsui & Co., Sumitomo Corp. and Marubeni. He told Nikkei his Berkshire Hathaway has increased its stake in each of them to 7.4%.

On Tuesday, Mitsubishi Corp. President and CEO Katsuya Nakanishi met with the 92-year-old renowned investor to outline the company's medium-term business plan, including on energy transformation and regional revitalization.

"He seemed extremely interested in the Japanese market, and we hope to explore a range of possibilities together," Nakanishi said."

https://asia.nikkei.com/Business/Markets/Will-Warren-Buffett-s-bet-on-Japan-s-trading-houses-bear-fruit

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