As of summer 2023, Japan’s Nikkei 225 index and Tokyo Stock Price Index Topix are savouring 33-year highs, and the market’s consumer price index CPI of 3.5% indicates that it has finally broken free of decades of chronic deflation and limited growth.
Warren Buffet’s recent endorsement of Japanese equities adds to the positive sentiment. On a visit to the country in April, he commended the core business strategies of the country’s five largest trading companies sogo shosha, comparing them to his globally acclaimed investment firm, Berkshire Hathaway.
“They are really so much similar to Berkshire. They own a lot of different things,” he told media...
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