What you can buy
The product list is wider than the Tsumitate quota. Eligible Japanese stocks and ETFs or funds that meet the rules can be included. A listing is not enough: the product has to qualify, and the institution has to offer it.
The inner cap that limits Growth holdings to ¥12 million of the lifetime allowance is on the limits and rules page.
How ¥2.4 million can be used
¥2.4 million is that year’s purchase ceiling. You can use it at the start of the year or in several purchases. Three stock purchases of ¥800,000 would use the annual ceiling. The Tsumitate quota’s ¥1.2 million is counted separately.
Swipe horizontally to see the full table.
| Item | Growth quota |
|---|---|
| Annual investment quota | ¥2.4 million |
| Ways to buy | Recurring contributions or a lump sum |
| Main products | Eligible listed stocks, ETFs, and funds |
| Inner lifetime cap | ¥12 million |
What is often outside the quota
The Financial Services Agency lists exclusions that include stocks under supervision or delisting procedures, funds with a trust term under 20 years, monthly-distribution funds, and certain funds that use derivatives. Many products described as leveraged fall in that last group.
The wording of exclusions can be updated. Before an order, read the agency’s product rules and the NISA classification on the order screen.
How it relates to the Tsumitate quota
Both can be used in the same year. A common split is a fund contribution in Tsumitate and stocks or ETFs in Growth. Some Tsumitate products can also be bought in Growth, but the ceilings stay separate.
Common misunderstandings
Stocks in supervision or delisting procedures are excluded. The order screen is the check for that symbol.
The new NISA is both quotas. Growth is the wider of the two.
A qualifying gain is tax-free either way. What changes is how you meet the price, not the tax rule.
Questions on this page
What is the annual Growth limit?
¥2.4 million, counted separately from the Tsumitate quota’s ¥1.2 million.
Can I buy individual stocks?
Eligible listed stocks, yes. Not every listing qualifies, and the institution must offer it.
Can I use both quotas together?
Yes. Each quota keeps its own ceiling.
Related pages
When the answer depends on your situation
Residency, length of stay, which quota you want, and the amount are personal. After the published explanation, you can put those facts into a question.
Official sources: Japan Financial Services Agency, NISA site, National Tax Agency, No. 1535 NISA
This page is general information, not tax, legal, or investment advice. Amounts and procedures can change. Before you trade or file, check the latest material from the Financial Services Agency, the National Tax Agency, and your financial institution.