Warren Buffett’s Favorite Japan Stocks Are at a Crossroads
The Oracle of Omaha may use his holdings in the nation’s trading houses to steer them more toward fossil fuels.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., raised his holdings in Japan’s major trading houses.
Photographer: Nati Harnik/AP PhotoWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Senior Energy Reporter Stephen Stapczynski explores how Warren Buffett may use his holdings in Japanese trading houses to push them deeper into fossil fuels. To get this newsletter sent to your inbox, sign up here.
Japan’s mysterious trading companies are at a crossroads: double down on the fossil fuels that are making them a fortune or continue with plans to diversify away from commodities?