Buffett on Japan

WSJ notes Warren Buffett’s growing interest in international companies, including (gasp!) Japan:

Mr. Buffett said he hopes to buy whole companies someday in Japan. “I think we could very well have something offered to us in Japan because you do have a number of significant businesses,” he said, adding “it’s not a low probability.” He said increased shareholder activism in Japan is leading some managements to consider a sale to foreign companies.

This puts the skeptics in an awkward position. If you are skeptical about the changes sweeping corporate Japan–or the case for international investing in general–you are now essentially betting against Buffett. Good luck.