Berkshire Hathaway (NYSE:BRK.A) has made a giant wager in Japan. Berkshire Hathaway Chairman and Chief Government Officer Warren Buffett, who turned age 90 on August 30, introduced that his firm has acquired a 5% stake in every of the 5 main Japanese buying and selling corporations. The businesses are Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp. Berkshire stated it purchased the holdings over a 12-month interval by common purchases on the Tokyo Stock Alternate. Based mostly on Friday’s closing costs for the buying and selling homes, a 5% stake in every could be valued at about $6.25 billion U.S.The Japanese buying and selling corporations — referred to as “sogo shosha” — are conglomerates that import the whole lot from power and metals to meals and textiles into resource-scarce Japan. The buying and selling homes have helped develop the Japanese financial system and contributed to the globalization of a number of companies.Berkshire says it intends to carry the investments for the long run, and that it may enhance its holdings in any of the businesses to a most of 9.9%. Berkshire additionally pledged to make no purchases past a 9.9% stake in any of the businesses until given approval by the buying and selling corporations’ Boards of Administrators.In describing its intentions for the funding within the buying and selling homes, Berkshire pointed to its historical past of long-term, passive holdings in corporations corresponding to Coca-Cola Co. (NYSE:KO) and American Specific Co., (NYSE: AXP) every of which Berkshire has owned for a lot of many years.