Warren Buffett's Berkshire Hathaway has raised its stakes in Japan’s 5 major trading houses to 7.4%, BeckyQuick reports.
Buffett told Nikkei that he is planning to meet with the companies later in the week "to really just have a discussion around their businesses and emphasize our support," according to the report.
Japan's five largest trading companies — known as sogo shosha — are conglomerates that import everything from energy and metals to food and textiles into resource-scarce Japan. They also provide services to manufacturers. The trading houses have helped grow the Japanese economy and contributed to the globalization of its business.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Warren Buffett may buy more Japanese stocks as Berkshire eyes yen bondsWarren Buffett's Berkshire Hathaway may issue bonds priced in yen, potentially signaling more Japanese stock buys
Weiterlesen »
Warren Buffett-backed BYD announces new shock absorption tech for premium EVsElectric vehicle giant BYD is banking on new driver-assist technology to smooth out car rides and get the edge on its EV competition.
Weiterlesen »
Warren Buffett considering additional investment in Japanese stocks – NikkeiJapan’s media outlook, the Nikkei Asian Review, is citing that Warren Buffett is considering additional investment in Japanese stocks, per Reuters. Ad
Weiterlesen »
Japanese trading houses rise as Warren Buffett says he plans on buying moreBuffett said he was 'very proud' of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway's support.
Weiterlesen »
Buffett says he holds 7.4% stake in five Japanese trading houses, including Itochu, Nikkei reportsBerkshire Hathaway Inc's Warren Buffett is considering additional investment in Japanese stocks and said he holds a 7.4% stake in each of five Japanese trading houses, including Itochu Corp , the Nikkei reported on Tuesday.
Weiterlesen »