Japan's revamped NISA investment program set for record month

Retail investors flock to Japan Tobacco and MUFG under expanded framework

20240126N Japan stock board

Younger retail investors are using NISA accounts to build assets, especially as concerns grow over the sustainability of social welfare programs. (Photo by Nanami Sato)

KONATSU OCHI and OKI HIDAKA, Nikkei staff writers

TOKYO -- Japan's retail investors are purchasing stocks through the Nippon Individual Savings Account program at a record pace following its overhaul earlier this month, with Japan Tobacco and other high-dividend shares drawing particular interest.

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