The need to learn to invest before it’s too late

Kishida promises to expand Japan’s system of tax-free investment accounts as well as creating a “new mechanism to encourage citizens to move their savings into asset management.” No one’s quite sure what that means.

THE biggest story in Japan this week was about a man who mistakenly received an entire town’s US$360,000 (RM1.6mil) allotment of Covid-stimulus money – and chose to gamble it all at an online casino rather than invest.

That’s at the heart of an issue once again on the national agenda: Getting the Japanese to put their substantial amount of spare cash into higher-earning assets.