TOKYO -- The surge in Japan's markets this year is drawing comparisons with that of last year, but the new tax-saving program and seasonality are unique drivers of the latest rally.
A reason international investors are entering Japan is tied to expectations that retail investors will buy more Japanese equities through the new tax-saving investment program Nippon Individual Savings Account (NISA), said Masatoshi Kikuchi, chief equity strategist at Mizuho Securities.
