Warren Buffett Is Turning His Asian Focus to Japan and Away From China

Warren Buffett is betting on Japan as a focus of his investment empire in the next decade and gradually turning away from Chinese companies vulnerable to the mounting geopolitical tensions between mainland China and Taiwan. The 92-year-old investor is in Japan this week meeting with the country’s five largest trading houses, Japan’s equivalent of American industrial conglomerates like Buffett’s Berkshire Hathaway. Berkshire recently increased stakes in each of the five firms to 7.4 percent from 5 percent because the deals were simply too good to pass up, Buffett said in...