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May 7, 2013
Forex Flash: NISA to boost toshin momentum in 2014 6 - Nomura
FXstreet.com (Barcelona) - Nomura Strategist Yujiro Goto notes that Toshin momentum is now gradually improving, and an introduction of Japanese version of Individual Savings Account (NISA) next year can be an additional boost for toshin momentum.
He estimates JPY1.5-2.2trn (USD15-22bn) foreign investment per year, via toshins under NISA, is possible and Toshin momentum can be boosted by 50% or more, thanks to NISA from next year. He writes, “The success depends on risk appetite, though. If the government fails to maintain risk appetite among retail investors at a high level, investment under NISA can be used just as a replacement of existing exposures.”
He estimates JPY1.5-2.2trn (USD15-22bn) foreign investment per year, via toshins under NISA, is possible and Toshin momentum can be boosted by 50% or more, thanks to NISA from next year. He writes, “The success depends on risk appetite, though. If the government fails to maintain risk appetite among retail investors at a high level, investment under NISA can be used just as a replacement of existing exposures.”