Warren Buffett Bullish On Japanese Equities

Japanese stocks have been on a tear, up nearly 28% this year. Billionaire investor Warren Buffett’s Berkshire Hathaway added a spark in April when he traveled to Tokyo and increased his investment in five of Japan’s trading houses. A press release from the company Monday detailed that Buffett has further increased his stake in the trading houses, a sign that the billionaire has become more comfortable deploying capital in Japan than in Taiwan or China. 

Berkshire said its stakes in trading houses Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo were raised to an average of 8.5%. This comes after Buffett flew to Tokyo in April and announced he boosted his stakes in the trading firms from 5% to 7.4%. 

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“Berkshire Hathaway’s intention continues to be to hold its Japanese investments for the long term. Depending on price, Berkshire Hathaway may increase its holdings up to a maximum of 9.9% in any of the five investments,” Berkshire wrote in the press release.