Buffett Says Japan Earthquake Creates ‘Buying Opportunity’

Warren Buffett, whose Berkshire Hathaway Inc. has a bullish derivative bet on Japan’s benchmark stock index, said the country’s record earthquake created a buying opportunity for equity investors.

“If I owned Japanese stocks, I would certainly not be selling them because of the events of the past 10 days or so,” said Buffett, speaking to reporters in the South Korean city of Daegu. “Something out of the blue like this, an extraordinary event, really creates a buying opportunity.”