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

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.

The net tally reached 7.69 trillion yen ($50.7 billion), according to Tokyo Stock Exchange data released Thursday. This is the fourth largest in data going back to 1983, and marks the first net inflow in three years. It is the highest since 9.5 trillion yen in fiscal 2013, when then-Prime Minister Shinzo Abe's Abenomics policies sparked a rally.