Berkshire's Abel: Japan rates 'not an immediate challenge' for holdings
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View chart & analysis → - 1Berkshire Hathaway CEO Greg Abel said rising Japanese interest rates are not affecting the major trading houses in which the company holds stakes.
- 2On CNBC Wednesday, he noted that while Japan's 10-year yield has edged above 3% this week — the highest in 30 years — none of the trading houses have raised it as a fundamental issue.
- 3Berkshire holds stakes of over 10% in each of Japan's five major trading houses, and Abel reaffirmed its commitment to continued yen-denominated borrowing and a multi-decade holding period.
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