SYDNEY — Australian investors have doubled their holdings of Japanese stocks over the past 10 years as improvements in governance and capital efficiency attract pension and investment funds.
Australian data shows the total rising by nearly 20% to A$54.2 billion ($37.4 billion at current exchange rates) in 2021. While that number will drop in 2022, it has firmed slightly last year, up 8% to AU$50.6 billion.