One month has passed since "New NISA" started. When we look at the destinations of individual investment money, we find that most of it goes to products that incorporate stocks from around the world or to the US.

With Japan's main stock indexes at their highest levels since the bubble period, why are individual investors choosing foreign financial products? Shingo Ide, chief equity strategist at Nissay Research Institute, points to three main factors: Weak underlying growth expectations, Penetration of foreign services and awareness among young people.