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Buffett takes contrarian path with Japan resource trader stakes

Pandemic spurs Berkshire Hathaway to diversify US-centric portfolio

Warren Buffett said he hopes for "opportunities of mutual benefit" with this rare overseas investment by Berkshire Hathaway.   © Reuters
FUMIE YAKU and TAKENORI MIYAMOTO, Nikkei staff writers | Japan

NEW YORK -- Warren Buffett's Berkshire Hathaway has bucked the trend of socially responsible investing by acquiring 5%-plus stakes in five Japanese trading houses deeply involved in fossil-fuel-linked businesses.

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