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Warren Buffett to Japan: I like what I see and I am buying! (IBM, BAC & BRK-A)

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After investing billions in Bank of America ( BAC , quote ) and IBM ( IBM , quote ) earlier this year, Warren Buffett is now looking to acquire assets from Japan for the Berkshire Hathaway ( BRK-A , quote ) portfolio.

In his first-ever visit to Japan, Buffett exclaimed that, "I'm looking for things that I can put a billion [into] and Japan is one of our radar screens." A Wall Street Journal article by Atsuko Fukase, "In Japan, Buffett Talks Shop," reported that Buffett said, "I like low prices, and low prices create investment value."

Berkshire Hathaway (BRK-A) already owns assets in Japan. Tungaloy Corp., a carbide tool maker in Iwaki City is a fully owned subsidiary of IMC International Metalworking Co., which is partially owned by Berkshire Hathaway (BRK-A).

While visiting Japan, Buffett had praise for the economic leadership in the United States and Japan. American stocks are still a favorite, witness the BAC and IBM investments . But he stated that Japan had performed "remarkably well" in recovering from the March 11 tsunami and earthquake. The performance of those at the top in Europe, however, left much to be desired and he would not be buying any bonds , Buffett also noted. Asia is receiving more attention from Buffett, since he made his first visit to India in March, stating a desire to invest in that country, too.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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