Half of new NISA investments go to Japanese stocks

TOKYO, May 5 (Jiji Press) – From January to March, nearly 50% of investments made through the new Japan Individual Savings Account (NISA) program were invested in Japanese stocks, research reveals Became.

In the same quarter, the Nikkei Stock Average hit a record high for the first time in 34 years and rose even further to exceed the 40,000 yen level.

In place of the traditional NISA system, a new NISA tax-free system began in January that allows small investors to make large-scale tax-free investments.

According to a survey by the Japan Securities Dealers Association of 10 major traditional and online securities companies, including Nomura Securities and SBI Securities, of the purchases made through the new NISA program between January and March, Domestic stocks accounted for 47%, falling just short. 50 percent for mutual fund funds.

Kotaro Yoshida, managing director of Daiwa Securities, said of the movement of the company’s NISA account holders, “The amount of purchases via NISA has more than tripled from the previous year.”

[Copyright The Jiji Press, Ltd.]