Berkshire Hathaway has increased its exposure to Japanese companies, a move that aligns with a broader surge of investor interest in Japan's market. The decision is reportedly driven by compelling valuations, efficient capital use by Japanese firms, normalizing inflation, and significant corporate governance reforms that are encouraging companies to increase dividends and buybacks. This investment coincides with record-breaking ETF inflows into Japanese equities, which saw the TOPIX index outperform the S&P 500 in 2025. Separately, Berkshire Hathaway was also expected to deliver a previously announced primary debt offering of ¥210.1 billion in senior unsecured yen-denominated notes on November 20, 2025.