Taking a look at the 3 arrows of Abenomics.
Structural Reforms in Abenomics lead Japanese investors to tax-free savings vehicles.
- The Nippon Individual Savings Account (NISA) is proposed to drive domestic investment and buoy Japan's market
- Capital gains taxes not earned in a NISA account increased from 10 to 20%
- Government officials expected to encourage wealth succession by expanding NISA to include contributions from families
- Abenomics "arrows" yielding economic recovery in all targeted areas of Japan's economy