Subject: Sogo Shosha
"Warren Buffett is right to be 'proud' of Japan's trading companies

'Sogo shosha' have become key players in supply chain transformation

For years, many in Japan saw the country's general trading companies, known as sogo shosha, as obsolete artifacts of a bygone era in the country's economic development.

These days, though, the sogo shosha are trendy. American investor Warren Buffett has taken significant stakes in five of the largest sogo shosha, helping push the Nikkei 225 index back to a level unseen in decades. He previously told Nikkei Asia that he was "very proud" of these investments and saw them as very similar to his own Berkshire Hathaway."

https://asia.nikkei.com/Opinio...