Berkshire's CEO says rising Japanese bond yields aren't worrying its trading house partners
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Berkshire's CEO says rising Japanese bond yields aren't worrying its trading house partners
Greg Abel said none of the five Japanese trading firms Berkshire holds stakes in flagged rising yields as a fundamental problem
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Berkshire Hathaway $BRK.B CEO Greg Abel said Wednesday that rising bond yields in Japan are not weighing on the major Japanese trading companies in which the conglomerate holds stakes. Abel made the remarks during an appearance on CNBC's "Squawk Box" while visiting Tokyo.
"Not a single one of the trading companies raised it as a fundamental challenge right now," Abel told CNBC. He added that Japan's yields, while at multi-decade highs, remain low........
