Warren Buffett Goes Sogo Shosha

Japanese stocks outperformed to start the new week as news of Berkshire's $6 billion stake in five Japanese trading houses bolstered local shares just one business day after the nation's equity markets were shaken by the resignation of Shinzo Abe. Shares of Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, were sharply higher on the session. Berkshire said it intends to hold the positions (described in a press release as "slightly more than 5%") for the "long term", and said that while the ho