What to buy for the long term: three profitable Japanese stocks

What to buy for the long term: three profitable Japanese stocks Old Man Buffett recently decided to increase his holdings in Japan's five largest conglomerates, because he thought these highly profitable papers were being offered at ridiculous prices. After the 1Q report, Japanese stocks are back in the spotlight: we offer three options at a good discount to fair value.So: Mitsubishi UFJ Financial Group (NYSE: MUFG)The largest banking holding in Japan has a 29.6% growth potential and is distinguished by a high-quality and diversified loan portfolio, a significant share of which is foreign loans, which allows investors to reduce currency risks. For example, Mitsubishi UFJ Financial owns 20% of investment giant Morgan Stanley, which provides about 40% of the Japanese monster's net income. first local target is $7.500, the maximum is $8.130-8.200. Negative scenario is not yet considered by analysts at all. Canon Inc. (Tokyo: 7751)The diversified conglomerate with 28.7% growth potential and a 4% dividend yield is a leader in video production and industrial equipment. The company's revenue is widely diversified by geographic regions, which minimizes currency risks for potential investors. first local target is 3.800, the maximum is 4.200. Negative scenario is a short-term technical correction to 2.800-3.000 with an active upward reversal. Sony Group (NYSE: SONY)Sony Group Corporation is a tech giant with 28.8% growth potential, covering many industries from electronics and semiconductors to game consoles and movies. The company has strong long-term growth drivers and a well-diversified loan portfolio. first local target is $125.20/50, the maximum is $142.00/50. Negative scenario is a correction to $80.50 - 82.50.Profits to yall!#ForexChief #Mitsubishi #Canon #SonyGroup #forexnews #stocks #worldnews #Market