关键时刻，巴菲特突然出手！

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, issued a bond totaling 900 billion yen (approximately 46 million RMB) amid global market volatility due to concerns over tariffs and economic recession [1][3]. Group 1: Bond Issuance Details - The bond issuance amounts to 900 billion yen (approximately 6.267 billion USD), marking the smallest yen-denominated bond issuance by Berkshire Hathaway [3]. - The bonds are divided into six maturities ranging from 3 to 30 years, with the 3-year bonds having the largest share and a yield premium of 70 basis points, up from 49 basis points in October of the previous year [3]. - The issuance occurs during a turbulent period in global financial markets, with investors cautious about buying despite higher yield premiums [5]. Group 2: Market Implications - Analysts interpret the yen bond financing as a strategic move by Buffett to deepen investments in Japanese industries, with the issuance scale serving as a barometer for potential increased holdings [8]. - Buffett expressed intentions to further increase stakes in Japanese stocks, particularly in the five major trading companies, which he finds operationally similar to Berkshire [9]. - The stock prices of these five major trading companies have experienced declines, suggesting a potential opportunity for Buffett to adopt a contrarian investment approach [11]. Group 3: Financial Position and Market Sentiment - Berkshire Hathaway's strong financial position is highlighted by a cash reserve of 334 billion USD as of the end of 2024, the highest in its history, making it an attractive option for risk-averse investors [12]. - The company is noted for its resilience against unpredictable political policies, positioning it as a stable investment choice in the current market environment [13].