Berkshire CEO says Japan yields not a concern for trading houses

Management
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Berkshire Hathaway CEO Greg Abel said Wednesday that rising bond yields in Japan are not weighing on the major Japanese trading companies in which the conglomerate holds stakes. During an appearance on CNBC's "Squawk Box" while visiting Tokyo, Abel said not a single trading company raised it as a fundamental challenge, noting that Japan's yields, while at multi-decade highs, remain relatively modest compared to other global yields. Japan's 10-year bond yield hit a 30-year high this week, reaching just above 3%, while the U.S. 10-year Treasury yield crossed 4.8% on Tuesday. Berkshire holds stakes exceeding 10% in five major Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo — and Abel said the company intends to hold these positions for decades and continue tapping the yen bond market when needed. He also discussed Berkshire's investment in Alphabet, viewing Google's parent as a significant player in artificial intelligence, and addressed data center power supply, saying Berkshire is open to supplying power to large computing firms only if it does not raise rates for existing customers.

Impact on stocks 9

Energy Transition & Power Demand▲ · 6 stocks
Itochu Corporation
8001
▲ PositiveMonetaryrelevance

CEO says Japan yields not a concern for trading houses, easing rate worries.

Marubeni Corporation
8002
▲ PositiveMonetaryrelevance

CEO says Japan yields not a concern for trading houses, easing worries.

Mitsui & Co.,Ltd
8031
▲ PositiveMonetaryrelevance

CEO says Japan yields not a concern for trading houses, easing worries.

Sumitomo Corporation
8053
▲ PositiveMonetaryrelevance

CEO says Japan yields not a concern for trading houses, easing worries.

Artificial Intelligence▲ · 1 stocks
Robotics & Physical AI▲ · 1 stocks
Financials▲ · 1 stocks
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