Initiatives to Invigorate the Securities Market in Preparation for the Start of New NISA
Japan Exchange Group, Inc. announces the release of ” Initiatives to Invigorate the Securities Market in Preparation for the Start of New NISA”.
The Japanese government has set forth a national “Doubling Asset-based Incomes Plan” in order to achieve a new form of capitalism, and as one of the pillars of this plan, a new NISA (the Nippon Individual Savings Account; a tax exemption program for small investments) is scheduled to be launched in January 2024 after it was radically expanded and made permanent. The new NISA is expected to create a “virtuous cycle of growth and distribution” in which household investments support corporate growth, and the benefits of that growth are returned as household income.
Against this backdrop, JPX Group, in its capacity as the core infrastructure of the securities market, formulated its Medium-Term Management Plan 2024, and while carrying out the plan’s initiatives, it has worked to develop the market environment to help realize this virtuous cycle. JPX Group considers the launch of the new NISA to be a good opportunity to further invigorate the securities market and will work to make the system easier to use, particularly for investors making the relatively small investments that are eligible for the program.
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