Buffett Focus on ‘Quality’ Helps Narrow Hunt for Value in Japan
- Goldman, JPMorgan, CLSA highlight undervalued quality stocks
- Itochu, Marubeni at record highs after Buffett boosts stakes
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News of Warren Buffett’s increased interest in Japanese stocks is helping narrow the recent focus on the nation’s value stocks to those that can offer investors more than cheapness.
The Tokyo Stock Exchange stirred market excitement earlier this year by calling on the 1,000-plus Japanese firms whose stocks trade below book to make efforts to improve valuations. Reports this week that the world’s most famous value investor may buy more Japanese stocks trained the spotlight on those whose undervaluation is seen as unwarranted.