Toshiba case raises concerns for 'beneficial' investors in Japan

Experts fear different legal practices could deter foreign investment

20240426 Toshiba

Many foreign institutional investors were excluded from a lawsuit over Toshiba accounting irregularities. (Photo by Takayuki Yao)

MAKI SAGAMI, Nikkei staff writer

TOKYO -- Foreign investors are warning that the appeal of Japan's stock market could be diminished if a court ruling blocking scores of asset managers from suing Toshiba over allegations of accounting fraud is allowed to stand.

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