Warren Buffett¡¯s Berkshire Hathaway priced ?263.3 billion ($1.71 billion) of bonds in the firm¡¯s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
The seven-tranche deal priced at tighter premiums than Berkshire¡¯s deals over the past two years. It was closely watched by equity-market investors amid speculation that Buffett may be preparing for another foray into Japanese stocks. His previous purchase of stakes in trading firms provided an endorsement of the nation¡¯s shares that helped propel the Nikkei 225 to a record high.
¡°This is good news for Japanese equities, and may be a buying signal for Japan stocks,¡± said Takehiko Masuzawa, head of equities trading at Phillip Securities Japan. ¡°This could change the trend of Japanese equities, which have been selling off for profits.¡±
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