-
Savers With $7.5 Trillion to Invest Are Long-Term Risk to Yen
Japan’s plan to double household income from investing is shaping up as a catalyst for even longer-term weakness in the yen — already this year’s worst-performing major currency. Retail investors who’ve been pouring savings into overseas stocks and funds are expected to accelerate their purchases in 2024 — driving selling of the yen in the process — when the government permanently removes taxes on dividends and trading profits on a highly popular form of investment account for individuals. While the Nippon Individual Savings Account, or NISA, allows Japanese to invest domestically or abroad, low yields at ... (full story)