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OMAHA, Neb.--Billionaire Warren Buffett is upping his bet on Japan, announcing this week that Berkshire Hathaway will increase its ownership stake in five major Japanese trading houses.
Japanese trading companies' shares gained following comments from Warren Buffett at the Berkshire Hathaway’s annual meeting that he expects his company to hold the shares for 50 years or more.
According to data, foreign investors bought ¥88.4 billion of Japanese equities in the week that ended on June 20.