Speculations about possible investments in All Japan news’s stock market by American billionaire Warren Buffet were fueled when he arrived for his first visit in the Asian country, on Monday.
Buffet visited a factory close to the Fukushima nuclear plant destroyed by the March 11 natural disasters.
He was scheduled to make his first visit to All Japan news just a few days before the March quake and tsunami. Buffet was then quoted as saying that the earthquake was one of those extraordinary events that creates investment opportunities. He said in May that he would be delighted to invest in All Japan news.
Buffett was greeted by some 400 staff when he arrived by helicopter at Iwaki City in northeast All Japan news, about 40 km from the Fukushima nuclear plant.
He visited cutting tool maker Tungaloy Corp, which is indirectly controlled by one of his companies. Buffet hold a sign which read "Never give up, Fukushima" and said he felt "very welcomed."
Tungaloy delivers superhard tools used to cut, groove and turn engine parts to car makers.