Berkshire Hathaway CEO Greg Abel told CNBC that the company's stakes in Japan's five major trading houses could be held for 'decades,' with each position now exceeding 10%. The investment portfolio, which started at around 5% in 2019-2020, has doubled in value to about $13.8 billion.
Abel said that while Japan's 10-year government bond yield has recently risen above 3%—a multi-year high—it will not materially affect the trading houses' operations. The investment generates hundreds of millions of dollars in annual dividend income. All five companies have approved Berkshire's stake increases above 10%, viewing the conglomerate as a long-term partner rather than an activist investor, according to the interview reported by CryptoBriefing.
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