Buffett’s Berkshire Increases Bets on Japanese Stocks. Spends 287.4 Billion Yen for 2.49% Strategic Stake in Tokio Marine Holdings
TradingKey - Against the backdrop of global capital re-evaluating asset allocation paths, Berkshire Hathaway (BRK.B) has once again increased its exposure to the Japanese market. Latest disclosures reveal that the company, through its reinsurance entities, invested 287.4 billion yen (approximately $1.8 billion) to strategically acquire a 2.49% stake in Tokio Marine Holdings, while simultaneously establishing a long-term partnership between the two parties.