Buffett May Target Japan Bank and Insurance Shares, Analysts Say
- His endorsement of trading houses helped Nikkei reach record
- Valuations of banks and insurers have fallen after August rout
Warren Buffett
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Market watchers are saying that Warren Buffett may be looking to buy Japanese financial firms and shipping companies as Berkshire Hathaway Inc.’s return to the yen bond markets fuels speculation he’s raising money to build stakes in value stocks.
The billionaire’s company this week mandated banks to manage a yen bond sale in the global market, in a sign he may increase holdings in Japan. Most of his previous investment in Japanese equities was financed through yen bonds, Buffett said in his annual letter in February.