What determines investment in the Nippon Individual Savings Account? an investigation of Japan's tax-exempt investment account.

ABSTRACT: In 2014, the Japanese government introduced the Nippon Individual Savings Account (NISA) to encourage tax-exempt investment and asset accumulation. In January 2024, the NISA underwent significant restructuring to boost household savings in financial asset investments. Taking advantage of the launch of the revamped NISA, we analyzed data collected in late 2022 of 95,632 active investors in a leading securities company to explore their preferences in the previous NISA. Notably, investors exhibit a preference for installment NISA over ordinary NISA, indicating an inclination for long-term capital establishment through gradual investments in secure financial assets. Regression analysis reveals that installment NISA investors are typically female, older, married, or divorced, have lower educati

SUBMITTER: Katauke T 

PROVIDER: S-EPMC11801543 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature