Warren Buffett Commits $23.5 Billion to Japanese Trading Houses

Warren Buffett reaffirmed Berkshire Hathaway's commitment to its investments in Japan's major trading houses—Mitsui, Mitsubishi, Sumitomo, Itochu, and Marubeni—calling them 'super long-term' holdings and emphasizing no plans to sell for decades, regardless of potential interest rate changes in Japan. At the 2025 shareholder meeting, Buffett and Vice Chairman Charlie Munger highlighted the strategic and cultural alignment between Berkshire and these Japanese firms, whose diverse operations in commodities, shipping, and steel complement Berkshire's own broad business model. Berkshire has increased its stakes in these companies to nearly 9.8% each, viewing the investments as key to future growth and international diversification. Japanese trading houses are responding by boosting shareholder returns through increased dividends and share buybacks, aiming to reassure investors amid uncertain profit forecasts and global trade tensions. Executives from these firms, such as Mitsubishi's CEO, acknowledged Buffett's trust in their management strategies and business models. This deepening partnership signals a shift in global investment strategy and could influence other Western investors to consider opportunities in Asia.