NISA Landscape Report: Midyear 2026
Asset growth remains strong, but untapped NISA accounts persist.
A Nippon individual savings accounts, or NISA, is a Japanese government tax-advantaged account meant to help residents save and invest. Assets in Japan-domiciled, publicly offered open-end equity investment trusts exceeded JPY 200 trillion in May 2026, supported by continued inflows through the Nippon Individual Savings Account program and favorable market performance. While NISA assets continued to expand during the first half of 2026, account utilization remained a challenge, with a meaningful share of NISA accounts showing no investment activity
Morningstar’s bi-annual report analyses the latest trends in the Japan NISA investment market, comparing fund flows into NISA and non-NISA accounts, purchase trends, investor behavior insights, and more. As the NISA market evolves, it’s important for investors know the main advantages of investing in NISA-eligible products in Japan in order to meet their investment goals.
Access the report to leverage recent NISA investment trust trends for your portfolios.
