Buffett’s Japan Holdings Become ‘Bargain’ After Stock Meltdown
- Berkshire has large stakes in five Japanese trading houses
- Top five firms fell sharply in recent rout amid yen concerns
Warren Buffett
Photographer: Houston Cofield/BloombergThis article is for subscribers only.
Cheaper valuations of Warren Buffett’s favorite Japanese trading houses may present him with another chance to buy even more shares.
The billionaire investor saw about ¥980 billion ($6.7 billion) wiped off the value of those holdings in the recent market rout through Monday, but the losses narrowed to about ¥550 billion as of market close Wednesday as Japanese stocks recovered.