Warren Buffett recently gave an interview with a newspaper in which he revealed his interest in Japanese stocks. According to Warren Buffet, he has a 7.4% share in around 5 different trading houses in Japan.
Although he didn't give names to all the Japanese trading houses, he did mention the Itochu Corp. In addition, Berkshire Hathaway Inc (a firm of Warren Buffett) is also reportedly looking to make more investments in the Japanese markets.
Buffett also revealed his plans to visit the top Japanese trading houses during his stay in the country. Based on this information, it appears that Mr. Buffett is looking to up his investment in Japan.
If we look at the regulatory filings of Berkshire Hathaway, it appears that the firm owns a 6% stake in a few selected trading houses.
According to reports, the names of other trading houses are Marubeni, Mitsubishi Corp, Sumitomo, and Mitsui & Co.
Considering the legendary status of Warren Buffet in the USA and even across the globe, there's a good chance that this revelation will also attract more attention to the Japanese trading houses.
And if Buffett makes additional investments on his visit to Japan, it would be a sign of his interest in Japanese stocks!
The recent revelation comes at a time when the BOJ has successfully gone through a leadership change. Although the new central bank chief has assumed office, it will still take time to change the policies.
For now, the current policies favor the stock markets as well as the Japanese trading houses. But if the era of low-interest rates comes to an end, it could have a serious impact on Japanese stocks.
But considering how the Warren Buffett and his firms focus on long-term investment, there must be enough substance for them to justify these investments in Japan!