Japan stocks boosted by $51bn in foreign cash, led by U.K.

Middle East oil money flowed in from London in fiscal 2023 as investors shunned China

20240404N Nikkei index signboard

The Nikkei Stock Average has climbed 52% since the end of 2022. (Photo by Mayumi Tsumita)

KONATSU OCHI, KOHEI ONISHI and KOTARO HOSOKAWA, Nikkei staff writers

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.

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