Japan stocks gain fans among millennials worried about nest eggs

Small investors increase presence as do mutual funds

20190627 20190314N TSE

Younger people anxious about the state of the pension system has led to a slight uptick in stock ownership by retail investors.

KYOHEI SUGA, Nikkei staff writer

TOKYO --- Younger generations in Japan are starting to invest in domestic stocks, albeit in small amounts, anxious that the country's pension system might not deliver the standard of living they expect by the time they retire.

Retail investors owned 17.2% of Japanese shares on a value basis in fiscal 2018, marking the first increase in three years, data released Wednesday by the Tokyo Stock Exchange and others shows. The ratio stood at a record low of 17% in fiscal 2017.

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