Sumitomo Corp – Charm

Japanese trading companies’ shares jump on Buffett comments

TOKYO (Reuters) – Shares in Japan’s five major trading houses rose more than 5% in early trade on Tuesday after billionaire investor Warren Buffett said his conglomerate Berkshire Hathaway would likely increase its ownership in them. Mitsubishi Corp was the top performer, up 7.5%, while Mitsui & Co, Sumitomo Corp, Itochu and Marubeni each gained…

Buffett says Berkshire will continue to increase investment in Japan trading houses

Cs news4 months ago4 months ago04 mins

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, photographed during a 2011 trip to Japan. Bloomberg | Bloomberg | Getty Images Berkshire Hathaway is committed to its Japanese investments for the long term and has reached an agreement with the companies to own beyond the initial 10% ceiling, Warren Buffett said in his…