Corporate Finance
Value in the land of the rising Sun: Warren Buffett’s contrarian bet on Japanese trading houses
Download PDF Introduction In the past year Berkshire Hathaway slowly built a 5% stake in each of the 5 most important trading houses in Japan. The overall size of the transaction is ¥670bn ($6.3bn) and it was backed by a surprising ¥625.5 billion issuance of yen-denominated bonds made in September Read more…