Warren Buffett's bet on Japan stocks has tripled to over $17 billion

Meanwhile, the five Japanese stocks have gained an average of 181% since Buffett's original disclosure. The upshot is that Berkshire's holdings have ballooned in value from $6 billion to about $17 billion today.

Buffett laid out his rationale for the Japanese foray during Berkshire's annual meeting in May. He noted the companies were"ridiculously" cheap, well-established in familiar industries, focused on the long term, and big enough to have a material impact on Berkshire's earnings.

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