“Japanese retail investors shifted back to equity funds as a new tax-break facility dubbed NISA, for the Nippon Individual Savings Account, kicked off in January. NISA is aimed at driving massive Japanese savings into stocks and mutual funds. In December, investors had pulled out from equity funds as they collected proceeds from there ahead of a doubling of Japan’s capital gains tax, which took effect from Jan. 1. The country’s tax on capital gains and dividends was raised to 20 percent from 10 percent at the start of January, as a special tax break given to support share prices expired. The Japanese government projects the tax-break accounts could draw more than $250 billion by 2020.”
http://www.reuters.com/article/2014/02/14/japan-mutualfunds-idUSL3N0LJ3HQ20140214
Tip Freedomwat.ch Staff with Bitcoin