Japan investment tipped to continue into risk assets

Tax-exempt investment schemes set to be introduced in Japan early next year will further boost flows into riskier assets that were originally sparked by Abenomics, argues Nikko Asset Management. Japanese investors are sitting on mountains of cash; $8.5 trillion by Bank of Japan estimates. That’s fine in a deflationary environment, which has been the case in Japan for 20 years. But with the country potentially entering an inflationary environment, simply holding cash is no longer a…