Warren Buffett, the CEO of Berkshire Hathaway Inc, has expressed interest in investing further in Japanese stocks, according to the Nikkei. Buffett also revealed in an interview that he holds a 7.4% stake in five Japanese trading houses, including Itochu Corp, and plans to visit their offices during his current stay in Japan.
This latest disclosure comes after Berkshire Hathaway reported a more than 6% stake in each of the five trading houses last year, based on regulatory filings in November. The other companies are Mitsubishi Corp, Mitsui & Co, Sumitomo Corp and Marubeni.
Buffett's statement is a significant show of confidence in the Japanese market, as he is one of the most successful investors of all time. His Berkshire Hathaway has a track record of making lucrative investments in companies such as Coca-Cola and American Express, among others.
Investors will be watching closely to see if Buffett follows through on his interest in investing further in Japanese stocks, and what impact his endorsement could have on the country's equity market.
