Provisional Translation

Q.

My question is in regard to making permanent of NISA, which FSA requires in tax reform. The other day, it was reported that the possible investment period of 2037 for Tsumitate NISA (Dollar-Cost Averaging NISA) would be extended, so that regardless of when it is started, the saving period will be 20 years. I’d like to ask for your opinion on the necessity of making NISA permanent, including Tsumitate NISA, at the current stage.

A.

Regarding making the system permanent and extending the time frame, two years after the system launched, the savings period would be 18 years. After two more years the period would be 16 years. This topic is being discussed by the clerical staff amidst the tax reform process, so as Cabinet Minister I must refrain from making a comment at the current stage.