business

Warren Buffett's firm increases stakes in 5 Japanese trading houses

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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.

Instead of dwelling on an Uber successful rentier capitalist extending his financial influence, Japan should focus on what Buffet says about the regressive tax system which soaks workers and enriches lazy, passive independently wealthy movers of capital.

https://www.theatlantic.com/politics/archive/2009/03/why-buffett-pays-less-than-his-secretary/1616/

Buffet speaks the truth, but the idolatora of wealth, especially on the right, keep believing in trickle down economics like Kuroda, the LDP Abenomics and New Capitalism.

Change is needed, radically.

5 ( +7 / -2 )

Not just Buffet, but many of the investment boffins overseas have been really bullish on Japan for the past few months.

4 ( +7 / -3 )

Buffett must have confidence that the BOJ will keep propping the stock market up at the cost of JPY's purchasing power. There's short term profit to be made.

5 ( +5 / -0 )

upping his bet on Japan, announcing this week that Berkshire Hathaway will increase its ownership stake in five major Japanese trading houses.

He is buying five major trading houses - not Japan.

He has also hedged those investments against further depreciation in the yen.

3 ( +4 / -1 )

He is buying five major trading houses - not Japan.

Around half of all Japanese exports and imports are handled by those 5 trading houses.

Buffet's holdings give him a simple yet highly diversified exposure to the Japanese economy.

5 ( +6 / -1 )

Warren knows what he is doing.

6 ( +6 / -0 )

What "Japan Inc" avoids talking about is the fact that Buffett bought all five of the big shoshas, because he doesn't see any significant difference between them. Meanwhile, these shoshas are all competing unnecessarily with each other in the exact same fields, doing the exact same things. Now should Buffett ever start pushing for conglomeration, that would really shake up Japan.

1 ( +4 / -3 )

Yen has gone from 120 to 142 in just months.

0 ( +4 / -4 )

It's better for Warren Buffett to take over these 5 trading houses in the future.

-4 ( +0 / -4 )

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