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Buffett effect: Overseas investors buy over $7bn in Japan stocks in week

Financier's remarks, easing bank turmoil spur highest net purchases in 9 years

Warren Buffett, CEO of Berkshire Hathaway, told Nikkei in a recent interview that he plans to invest in more Japanese stocks.   © Reuters

TOKYO -- Overseas investors bought a net 1.05 trillion yen ($7.83 billion) in Japanese stocks during the five trading sessions through April 14 as billionaire investor Warren Buffett signaled his confidence in the market.

In an interview with Nikkei on April 11, Buffett said that his Berkshire Hathaway had increased its stake in five leading Japanese trading houses. He said he intends to add to his investments in Japan.

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