Young Japanese show no interest in stocks

Tax breaks have failed to lure new generation of investors, report YOSHIAKI NOHARA and YUKO TAKEO

[TOKYO] History is working against Japan's government as it seeks to convince a new generation of investors that equities are the best bet for funding retirement.

A programme of tax breaks that started on Jan 1 has not proved to be the answer, with less than 9 per cent of investments coming from people under 40. Now, policymakers are looking to tweak the plan. The Financial Services Agency (FSA) will this week recommend increasing the annual amount that can be invested through a Nippon Individual Savings Account (Nisa), according to a source familiar with the matter.

The challenges to any blueprint for encouraging equity investment in Japan start with the market itself, with the Topix index sitting...

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