13:59 JST, December 30, 2023
The Nippon Individual Savings Account (NISA) investment program, which exempts gains on small investments from tax, is set to expand significantly from the start of next year. It is hoped that this move will serve as an opportunity for the public to learn more about finance and economics, and help people build stable assets.
The NISA program was established in 2014 to help redirect personal financial assets — which have tended to take the form of cash reserves and bank savings — into investments. Under the system, tax is not levied on gains from the sales of mutual trusts and stocks for a certain period of time.
The new program will make this system permanent, with an indefinite tax-exemption period and an increased annual investment limit. To ensure that the system does not overly favor wealthy people, the lifetime investment amount…
