News Column

Amari wants to see cap raised on NISA tax-free investments

June 27, 2014

Economic and fiscal policy minister Akira Amari expressed a desire Saturday to see the cap raised on investment in tax-exempt NISA accounts from the current maximum of 1 million yen per year.

"I think it's a nice idea to raise the ceiling to, say, 2 million yen," he said in a speech in Kurume in the southwestern Japanese prefecture of Fukuoka, in reference to the Nippon Individual Savings Account scheme.

Dividends and capital gains are exempt from tax for an investment of up to 1 million yen a year in stocks and other financial instruments under the scheme launched in January to attract individual investors.

Individual investors invested around 1,003.4 billion yen by the end of March through NISA accounts, according to the Financial Services Agency.

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Source: Japan Economic Newswire

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