"Buffett hunting" Next is financial stocks after trading companies, looking for stocks through yen bond issuance has begun.
October 3, 2024 15:26 JST (excerpt)
If not a trading company, the impact on the overall Japanese stock market is significant - Daiwa Securities, Mr. Kinouchi
Valuations of bank stocks and insurance stocks are at attractive levels after the sharp drop in August.
A new plan for issuing yen-denominated corporate bonds by the US investment and insurance company Berkshire Hathaway has been revealed, drawing attention to Warren Buffett's additional investment in Japanese stocks. There are speculations in the market that apart from trading company stocks where they are already invested, there might be a new purchase of financial stocks.
If not a trading company, the impact on the overall Japanese stock market is significant - Daiwa Securities, Mr. Kinouchi
Valuations of bank stocks and insurance stocks are at attractive levels after the sharp drop in August.
A new plan for issuing yen-denominated corporate bonds by the US investment and insurance company Berkshire Hathaway has been revealed, drawing attention to Warren Buffett's additional investment in Japanese stocks. There are speculations in the market that apart from trading company stocks where they are already invested, there might be a new purchase of financial stocks.
Berkshire Hathaway is aiming to issue yen-denominated unsecured corporate bonds with BofA Securities and Mizuho as lead underwriters.AppointmentMr. Buffett has explained that he covers most of his trading company stock investments by issuing yen bonds, and the new yen bond issuance is seen as a signal for him to further buy Japanese stocks.
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