Japan Is Said to Mull Lifting Investment Cap on NISA Accounts

Japan’s government might raise the annual limit for investments in its tax-friendly Nippon Individual Savings Account program to 2.4 million yen ($17,600), according to people with knowledge of the matter.

• The final amount is yet to be determined and needs approval of the ruling parties, some of whose members have been critical of a large increase for favoring the wealthy
• One idea under discussion is to raise the annual investment cap to 600,000 yen from 400,000 yen for NISA investment trusts and to 1.8 million yen from 1.2 million yen for the general NISA program, according to the people, who ...