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The man in his 30s who opened a Junior NISA account under his son’s name checks stock prices in Tokyo on June 5. (Shuhei Shibata) A change in a little-used long-term investment program that is ending soon has led to a surge in new accounts apparently opened by people seeking quick, tax-free earnings. The Financial Services Agency started the Junior NISA system in 2016 to encourage parents to stably manage their assets while their children are growing up so that the returns can be spent on future education and other expenses. The small-sum investment system gives tax exemptions on profits from investments made in special-purpose accounts opened in the name of an infant.

United kingdomAsahi shimbunFinancial services agencySecurities coFinance ministryஒன்றுபட்டது கிஂக்டம்ஆசாஹி ஶிஂபந்பத்திரங்கள் இணைநிதி அமைச்சகம்