Gearoid Reidy, Columnist

Warren Buffett Brought Japan Back. Will It Last in 2024?

Tokyo’s reemergence as a investment destination was one of the more surprising trends of last year.

January 3, 2024 at 9:00 PM UTC

Gearoid Reidy is a Bloomberg Opinion columnist covering Japan and the Koreas. He previously led the breaking news team in North Asia, and was the Tokyo deputy bureau chief.

The Japanese national flag flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. — The Japanese national flag flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023.
Photographer: Kazuhiro/AFP via Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Before 2023 began, few saw the rise of interest in investing in Japan, long considered the land that optimistic stock bets go to die.

But from spring of last year, inspired by the confidence of Warren Buffett and a realization that not only were things changing but had already changed, investors suddenly couldn’t get enough. The Nikkei 225 index hit highs not seen since 1990, while headlines spoke of a “stock market miracle” and asked “how Japan got its swagger back.”