This on-the-ground report examines how the “NISA-poor,” who cut living expenses to invest and fill their NISA allowances, have responded to the sharp fall in the Nikkei 225. It focuses on the relationship between stock-market movements and their actions.
Investors known as “NISA-poor,” who gather at a bar in Bunkyo-ku, Tokyo, cut food and socialising expenses to secure investment funds and hold regular events to exchange information. They continue to economise on their daily lives to generate investment funds.
After breaking above ¥70,000 in June, the Nikkei 225 fell below ¥60,000 on the 6th, closing at ¥57,434. The decline was reportedly driven mainly by technology stocks, amid developments surrounding data centers in the US and growing expectations of tighter regulations on data-center construction. On the 9th, the Nikkei 225 ended trading up ¥1,340, and buying to cover short positions spread across the market. Future regulatory developments remain uncertain, and some believe the market has entered an adjustment period lasting several months.
The NISA-poor investors view the latest decline with both concern and optimism, and are closely watching developments involving AI and semiconductor-related stocks, as well as regulatory trends in the market.