However, Buffett added, "We'd want to buy them cheaper than the same kind of companies in the U.S." He finds the price-to-earnings ratios of Japanese companies still too high even though the Nikkei average has dropped to 8, 000 from 40, 000.

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In Mr Cotton's industry, many of those who do want to buy are turning to cheaper US imports.

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This makes the bikes a bit cheaper unless you want to change something, like the wheels, in which case you might have to buy all the parts separately.

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