[theold]

Billionaire Warren Buffett sees brighter days ahead for the Land of the Rising Sun and has hedged a bet that economic normalisation will work in his favour – but is he right?

In 1853, US Navy Commodore Matthew C. Perry’s fleet of black-hulled paddle-wheelers docked in Tokyo Bay, tasked with establishing diplomatic relations and trade agreements with Japan.

Locals referred to the fleet as kurofune raikō – the arrival of the black ships.


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