TOKYO/LONDON -- The flow of foreign money into Japanese stocks reached a 10-year high in fiscal 2023, driven by investment from the U.K. -- including Middle Eastern oil money via London -- as well as South Korea and China.
Middle East oil money flowed in from London in fiscal 2023 as investors shunned China

The Nikkei Stock Average has climbed 52% since the end of 2022. (Photo by Mayumi Tsumita)
TOKYO/LONDON -- The flow of foreign money into Japanese stocks reached a 10-year high in fiscal 2023, driven by investment from the U.K. -- including Middle Eastern oil money via London -- as well as South Korea and China.