Warren Buffett s Investments in Japan Struggle to Keep Up With the Market
Holdings in fossil-fuel businesses pressure companies that Berkshire Hathaway took 5% stake in
published : 27 Jan 2021 at 04:00 Warren Buffett spent about $6 billion taking 5% stakes in five Japanese investment companies. (Photo: Reuters)
The chief executive of Japan s Sumitomo Corp. was scrolling through emails on his iPhone late one night when he noticed one from Warren Buffett s company. Masayuki Hyodo thought it looked like an ad, but he opened it just in case, then tapped on the PDF attachment.
Before Mr. Hyodo s eyes was a personal letter signed by the American investing legend. Mr. Buffett wrote that his company, Berkshire Hathaway Inc., was about to announce that it had acquired 5% of Sumitomo s shares, part of its biggest investment in Japan.
Tokyo's benchmark Nikkei index closed lower on Wednesday ahead of a fresh state of emergency in the Japanese capital and as investors eyed a key US Senate race.
TOKYO, Jan 6 Tokyo’s benchmark Nikkei index closed lower today ahead of a fresh state of emergency in the Japanese capital and as investors eyed a key US Senate race. The Nikkei 225 index fell 0.38 per cent, or 102.69 points, to end at 27,055.94, while the broader Topix index was up 0.28 per.