Warren Buffett’s Berkshire Hathaway Bets $6 Billion on Japanese Firms

Warren Buffett’s Berkshire Hathaway Bets $6 Billion on Japanese Firms
Warren Buffett (C), CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019. Johannes Eisele/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Berkshire Hathaway, the company run by billionaire investor Warren Buffett, announced Monday that it had taken stakes in Japanese trading houses amounting to over $6 billion.

The company said in a statement (pdf) that it acquired stakes of about 5 percent in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp., with the purchases made over the past year. Shares of the five companies surged by at least 4 percent in Monday trading on the Tokyo stock exchange after news of Birkshire’s investment broke.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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