Japan’s plan to double household income from investing is shaping up as a catalyst for even longer-term weakness in the yen — already this year’s worst-performing major currency.
Retail investors who’ve been pouring savings into overseas stocks and funds are expected to accelerate their purchases in 2024 — driving selling of the yen in the process — when the government permanently removes taxes on dividends and trading profits on a highly popular form of investment account for individuals.
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