{"id":24641,"date":"2023-06-19T15:48:57","date_gmt":"2023-06-19T19:48:57","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/warren-buffetts-berkshire-hathaway-boosts-stakes-again-in-five-japan-trading-companies\/"},"modified":"2023-06-19T15:48:58","modified_gmt":"2023-06-19T19:48:58","slug":"warren-buffetts-berkshire-hathaway-boosts-stakes-again-in-five-japan-trading-companies","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24641","title":{"rendered":"Warren Buffett\u2019s Berkshire Hathaway boosts stakes again in five Japan trading companies"},"content":{"rendered":"
\n

Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate\u2019s storied leader Warren Buffett purchased two years ago. <\/p>\n

Berkshire\u2019s
\n BRK.A,
\n -0.46%<\/bg-quote><\/p>\n

BRK.B,
\n -0.44%<\/bg-quote>
\n stakes in Mitsubishi Corp.
\n 8058,
\n +0.25%<\/bg-quote>,<\/span>
\n \u00a0 Mitsui\u00a0
\n 8031,
\n +0.31%<\/bg-quote>,<\/span>
\n \u00a0Itochu,
\n 8001,
\n -0.57%<\/bg-quote>
\n \u00a0 Marubeni
\n 8002,
\n +0.22%<\/bg-quote>
\n and Sumitomo\u00a0
\n 8053,
\n -0.52%<\/bg-quote>
\n now average more than 8.5% each, the company said in a statement. Their aggregate value now \u201cconsiderably exceeds\u201d that of Berkshire-held stocks in any other non-U.S. country, it added.<\/p>\n

\n

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. <\/p>\n

The CEO and chairman of Berkshire told CNBC that month while visiting Japan\u00a0that he had been drawn to those companies due to their similarity to his conglomerate, plus they were selling at a \u201cridiculous price.\u201d\u00a0<\/p>\n

In the statement, Berkshire said it intends to \u201chold its Japanese investments for the
long term,\u201d though depending on prices, those stakes could be lifted to a \u201cmaximum
of 9.9% in any of the five.\u201d <\/p>\n

Read: <\/strong>Why Buffett\u2019s Japan stock buys look like a savvy move<\/p>\n

\u201cThe company will make no purchases beyond that point unless given specific approval by the investee\u2019s board of directors,\u201d the company said. <\/p>\n

Buffett has been credited with bringing attention to Japan investments, a move that would have paid off as the Nikkei 225 index
\n NIK,
\n -1.00%<\/bg-quote>
\n 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
\n USDJPY,
\n +0.07%<\/bg-quote>
\n has also assisted Japan stocks, according to some. <\/p>\n

Read: <\/strong>ETF investors are following Warren Buffett and betting big on Japan. But here are key risks to consider.<\/p>\n

And those following his lead into those Japan financial stocks would have little to complain about. Shares of Mitsubishi and Marubeni are up 62% year to date, with\u00a0Mitsui\u00a0up 44%, Itochu up 35% and Sumitomo 39% higher. Since the start of 2020, shares of Mitsubishi have gained fivefold, while the others have also largely seen strong gains. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate\u2019s storied leader Warren Buffett purchased two years ago. Berkshire\u2019s BRK.A, -0.46% BRK.B, -0.44% stakes in Mitsubishi Corp. 8058, +0.25%, \u00a0 Mitsui\u00a0 8031, +0.31%, \u00a0Itochu, 8001, -0.57% \u00a0 Marubeni 8002, +0.22% and Sumitomo\u00a0 8053, -0.52% now average more […]<\/p>\n","protected":false},"author":1,"featured_media":24642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-24641","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nWarren Buffett\u2019s Berkshire Hathaway boosts stakes again in five Japan trading companies | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate\u2019s storied leader Warren Buffett\" \/>\n<meta name=\"robots\" content=\"index, follow, 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