(Nikkei Asia) Warren Buffett leads global investors into 'cheap' Japan
April 17, 2023
TOKYO -- Last week, financier Warren Buffett came to Tokyo for the second time in his life with a message for the world: there are bargains in Japan.
And the Oracle of Omaha was not alone in his assessment. Last month, Citadel, the U.S. hedge fund led by billionaire investor Ken Griffin, decided to reopen an office in Tokyo that it had closed after the global financial crisis. This month, Steve Cohen, another billionaire investor, said his hedge fund, Point72 Asset Management, would expand its staff in Japan this year.
Also making the rounds were powers of the private equity world. Stephen Schwarzman, Blackstone chief executive, paid a visit to Japanese Prime Minister Fumio Kishida on March 30 -- the same day his long-time rival Henry Kravis of KKR was in Japan to meet with executives at Hitachi.
The steady stream of high-level Wall Street visitors points to growing interest in Japan's financial markets, where money is still available cheaply and assets are much less expensive than in other major markets, analysts say.
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