Norito Nagahama: I m here because I need to learn about investment, said Nagahama, 39. You get little out of bank savings, according to Business Week. The Topix index sank 7.6 percent last quarter, buffeted by a stronger yen, concern about an April sales tax increase and waning euphoria about Prime Minister Shinzo Abes policy program. With individual investors accounting for less than a quarter of trading on Japanese stocks in March, brokerages say they re optimistic the accounts will drive a change in attitudes to investment. The gauge fell 1.3 percent to a seven-month low in Tokyo today, capping the biggest weekly slump since June and A spring downpour last week wasnt enough to stop Norito Nagahama heading to a central-Tokyo brokerage to study up on Japanese stocks. The biggest equity slump in the developed world isnt putting Nagahama off either. When he gets his next bonus, Nagahama is signing up for a Nippon Individual Savings Account as one of 8.65 million people in Japan projected to do so by year-end. The program, which began Jan. 1 and gives tax breaks on share gains, will draw as much as 5.5 trillion yen $54 billion into riskier assets this year, according to Nomura Research Institute Ltd.
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