Toshiba case raises concerns for 'beneficial' investors in Japan

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.

The hubbub hangs over a decision made in December by Judge Tetsuro Sasamoto of the Tokyo District Court in a lawsuit filed by 104 mostly foreign investors seeking damages of 57.2 billion yen ($368 million) in connection with an accounting fraud uncovered at Toshiba in 2015.