Buffett: Eurozone Faces 'Major Flaw'

His sentiments regarding Japan were even more bullish. He said in the report, “My view on Japanese people and Japanese industries is unchanged. We just had a demonstration over months that the tsunami did not stop Japanese business and the people. Olympus doesn’t change my view at all on Japanese investments.”

Buffett was in Japan for the opening of a new plant at cutting tool maker Tungaloy Corp., only about 25 miles from Fukushima Daiichi, the nuclear power plant struck by the earthquake and tidal wave in March. Tungaloy, formerly part of Toshiba Corp., is a unit of an Israeli firm in which Berkshire Hathaway holds an 80% stake. It supplies automakers with superhard tools used to cut, groove and turn engine parts.

At the opening, Buffett posed for photos with staff members outside the new factory and held a sign saying, “Never give up, Fukushima.” He also said he felt “very welcomed.” He undoubtedly is; on the prowl for yet another investment for Berkshire Hathaway, Buffett said in a Bloomberg report that he could sink up to $10 billion into his next acquisition, which may very well be in Japan.

While he said that he had no specific M&A plans presently, he added that the location of future acquisitions activity “… can be any place. If I can find something here in Japan that was a business that I like and understood, like their competitive position, like the price, like the financial position, like the management, we would do that tomorrow.”