[TOKYO (Archyde.com)]- Financial Services Minister Shunichi Suzuki said at a meeting of the House of Representatives Finance and Financial Affairs Committee on the 10th that the investment unit for listed company stocks will be reduced, as the Financial Services Agency will look at the expansion and permanence of NISA (small investment tax exemption system). “I would like to promote efforts to deepen discussions among exchanges, listed companies, and market participants, such as urging the Tokyo Stock Exchange to take further measures,” he said. I answered a question from Kenji Nakanishi (Liberal Democratic Party).
Finance Minister Suzuki pointed out that lowering the investment unit to a level that makes it easier for individual investors to invest is “a very important point in advancing the shift from savings to investment.” About 95% of listed companies have an investment unit of less than 500,000 yen, but “there are still listed companies with a high investment unit,” he said.
In October last year, the Tokyo Stock Exchange asked listed companies to consider lowering their investment units. Recently, companies such as Fast Retailing, Fanuc, and Tokyo Electron have announced stock splits.