Buffett eyes Japan and India; Likes China potential

Warren Buffett plans to visit Japan and India next year and believes Berkshire Hathaway could make a significant acquisition in the countries.

Speaking at the Berkshire shareholder conference on Saturday, Buffett says he is prepared to spend as much as $10bn on its next acquisition, following the $27bn purchase of railroad Burlington Northern Santa Fe in November last year. "I hope between now and then there will be opportunities for us to buy in Japan. It is a big economy," Buffett says. However, Buffett says no deal is imminent. The 'Sage of Omaha' also says he would "not rule out" India. "We have looked a lot at being in the insurance business in India," he adds. Buffett's largest acquisition outside the US was $4bn...