Subject: Buffett’s Japanese investment
One question for thoughts.
For Berkshire’s Japanese stocks investment, why Buffett hedged the currency risk by borrowing yen?

One reason could be yen loan has very low interest rates. But if he doesn’t borrow any at all, and simply just convert USD to Japanese yen and make the purchase, he will be long Japanese yen.

Now Japanese economy is doing well, stock is up and so is its currency. But berkshire is losing money on paper due to its yen loan/currency hedge