Reported about 10 hours ago
Berkshire Hathaway is set to gradually raise its ownership stake in Japan's five largest trading houses, as indicated by Warren Buffett in a recent shareholder letter. The company, which had initially planned to keep its investments below 10%, has received agreement from these firms to allow for moderate increases. Despite recent struggles in the Japanese market, Buffett's interest is expected to bolster confidence among investors. The conglomerate intends to maintain its Japanese positions for decades and explore future collaborations with these trading houses.
Source: YAHOO