Retail Traders May Boost Japan’s Stock Market More Than Expected
- Recent buying of Japan stock funds outpaces foreign vehicles
- SMBC Nikko sees NISA bringing $14 billion in annual inflow
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A revamped tax-free investment account program for individuals may help boost Japan’s equity market more than previously thought, if recent signs of renewed retail interest are any guide.
In the past three three months, retail purchase of investment trusts with Japan stock mandates has outpaced buying of foreign-focused vehicles by 38%. Some observers are speculating on whether this marks a turnaround given that individual traders had been snubbing Japanese shares for some time.