Hedge funds and private equity companies are coming to Japan because 'things around the world are expensive,' analysts say. (Source photos by Getty Images, Mizuho Miyazaki and Shinya Sawai)

Warren Buffett leads global investors into 'cheap' Japan

Hedge fund billionaires Ken Griffin and Steve Cohen build up operations in Tokyo

MITSURU OBE, Nikkei Asia chief business news correspondent

April 17, 2023 04:03 JST

TOKYO -- Last week, financier Warren Buffett came to Tokyo for the second time in his life with a message for the world: there are bargains in Japan.

And the Oracle of Omaha was not alone in his assessment. Last month, Citadel, the U.S. hedge fund led by billionaire investor Ken Griffin, decided to reopen an office in Tokyo that it had closed after the global financial crisis. This month, Steve Cohen, another billionaire investor, said his hedge fund, Point72 Asset Management, would expand its staff in Japan this year.