Key takeaways
- Legendary investor Warren Buffett’s company Berkshire Hathaway has increased its stake in five Japanese trading firms to 8.5%, with more increases possible
- The five companies saw gains on the Nikkei between 3.5% and 1%
- The Japanese economy has seen a reversal of fortunes in 2023 after decades of stagnation
Old-school investor and Berkshire Hathaway CEO, Warren Buffett, is known for his legendary plays – and now he has his sights set firmly on Japan. The Oracle of Omaha has increased Berkshire’s stakes in five trading firms with a view to holding the shares for the long term.
His attention on the East has sparked investor interest in the West, thanks to a perfect storm of geopolitical and corporate governance reforms making the Japanese stock market one of the global top performers this year. The rally shows no signs of slowing, marking a significant change in fortunes for the ailing Japanese economy. We’ve got the details below.
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