© Reuters. FILE PHOTO: People pass by an electronic screen showing Japan’s Nikkei share price index inside a commercial building in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon/File Photo
By Brigid Riley and Junko Fujita
TOKYO (Reuters) – NISA, or the Nippon Individual Savings Account, is a Japanese government tax-free stock investment programme for individuals which is set for a big overhaul in January. NISA aims to turn the trillions of yen held in cash by households into investments in stock markets.
Prime Minister Fumio Kishida has for months flagged this makeover of NISA as part of his “new capitalism” scheme to boost household wealth and asset holdings by helping households invest in riskier assets such as stocks. Yet, for most of its existence, the most popular investment vehicles have been mutual funds tracking U.S. and other global stocks.
MORE ABOUT NISA
Japan launched NISA in 2014, was modeled after the UK’s Individual Savings Account (ISA) system.
There are two types of NISA accounts: a general NISA and a tsumitate (savings) NISA.
The general account includes domestic and foreign equities as well as exchange traded funds (ETFs), real estate…
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