Japanese Stocks Soar, Buffett's Paper Gains Nearly $2 Billion in a Single Day

Odaily News On Monday local time, the Nikkei 225 index surged over 2000 points, breaking through the 56,000-point mark for the first time in history—this also pushed the market value of Berkshire Hathaway's Japanese assets, specifically its investments in the five major trading houses, to exceed $41 billion. Since 2019, Warren Buffett, who has stepped down as CEO of Berkshire Hathaway, has made a series of large bets on Japanese stocks. Monday's sharp rise in the Tokyo stock market boosted the share prices of related companies, resulting in paper gains of nearly $2 billion in a single day. Based on the details disclosed in Berkshire Hathaway's financial reports, its investment cost is approximately $13.8 billion, meaning this investment has nearly tripled in value. (Jin10)