Buffett's Berkshire boosts stakes in Japan's five biggest trading houses

Berkshire's stakes have increased to:
6.59% from 5.04% in Mitsubishi Corp (8058.T)
6.62% from 5.03% in Mitsui & Co Ltd (8031.T)
6.21% from 5.02% in Itochu Corp (8001.T)
6.75% from 5.06% in Marubeni Corp (8002.T)
6.57% from 5.04% in Sumitomo Corp (8053.T)

Berkshire Hathaway has raised its stakes in each of Japan's five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday, sending shares higher.

The move is line with Berkshire's statement in 2020 that its investments in the Japanese trading houses were for the long term and the stakes could rise to 9.9%.

Shares of the five trading houses have risen by double digit percentages since the start of the year, outperforming a 3% drop in the Nikkei average.