Buffett and Wall Street Banks Boost Japan Stocks Amid U.S. Recession Fears.

Japan's stock market is gaining favor among investors, including Warren Buffett, as the US and China face economic headwinds. The Topix Index has reached its highest level since 1990, boosted by the return of inflation, improving shareholder returns, and corporate reforms. Overseas funds have increased their holdings of Japan stocks, with the market value surging about $518bn since a Jan. 5 low. Despite technical indicators showing indexes are in overbought territory, many investors see further upside potential due to resilient earnings, modest valuations, and supportive monetary policy.