Greg Abel Comments on Japan Bond Yields Not Affecting Berkshire's Trading House Investments
Berkshire Hathaway CEO Greg Abel stated that rising bond yields in Japan are not a concern for the major Japanese trading companies where Berkshire holds significant stakes. Speaking during an appearance on CNBC’s 'Squawk Box' from Tokyo, Abel noted that while Japan’s 10-year bond yield has reached a 30-year high of just over 3%, it remains relatively low compared to global standards like the U.S., which saw its 10-year Treasury yield cross 4.8%. Berkshire owns more than 10% in five major Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. Abel emphasized that these investments are long-term holdings with strong relationships being built between Berkshire and the companies involved. He also mentioned continued appreciation of share prices since acquiring these stakes six years ago. Additionally, Abel reiterated Berkshire’s intent to continue investing in yen-denominated bonds when appropriate.
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Topics: Berkshire Hathaway Japan bond yields long-term investment trading houses