Some good, some bad
One of our forum posters spotted this news story: it seems the government is considering making some changes to the NISA accounts.
According to the article linked above, people aren't really using the accounts, but bureaucrats are reluctant to extend the duration as they are worried about losing tax revenue.
They may be angling towards a compromise: a longer tax-free period of 20 years, but half the contribution amount (600,000 yen a year). It seems this new account wouldn't replace the current NISA, but provide an alternative. Investors will choose between the shorter, bigger NISA account or the longer, smaller one each year.
It's a tough call, but I would probably go for the longer-term account. 20 years of tax-free dividends and capital gains are hard to pass by!
How about you? Do you already have a NISA account? Do you max it out (this makes you very rare, according to the government)? Would you choose the new NISA account over the current one?