Berkshire Hathaway Increases Investment in Japanese Trading Firms.

Berkshire Hathaway's subsidiary, National Indemnity Company, has increased its stake in five Japanese trading firms to an average of over 8.5%. The conglomerate plans to hold these investments for the long term and has pledged to only purchase up to 9.9% of any of the five firms. The five firms are Japan's largest general trading companies and focus on diversified long-term investments that prioritize value and cash flow.