PM is aiming for a shift crucial for the world’s fourth-largest economy as it confronts a rapidly ageing population
A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida’s longstanding call for Japanese citizens to invest more of their $15 trillion in household assets.
“Maybe now is a good time to start a NISA, because I think the market will go up more stably” after the plunge, said Sekiya, who works part-time in education. She opened her NISA account earlier this year but had held off investing due to caution. Kishida has made the NISA, which was first launched in 2014, a pillar of his “new capitalism” platform aimed at boosting household wealth after years of decline.
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