Japan's Financial Services Agency (FSA) is proposing an expansion of the Nippon Individual Savings Account (NISA) program as part of its 2026 fiscal year tax reform requests. The expansion aims to include all age groups, removing previous age restrictions on the "tsumitate" (regular installment) investment framework, thereby enabling broader access to tax-exempt small-lot investments. This move is intended to support asset formation across households, including children and the elderly. The FSA also plans to introduce monthly distribution-type investment trusts to meet the needs of older investors who wish to draw down part of their assets regularly. Additionally, the agency is seeking organizational restructuring, including the establishment of a new division to oversee asset management and insurance sectors, to enhance regulatory effectiveness. These measures are part of a broader government effort to accelerate the shift from savings to investment and to bolster child-rearing support through financial tools.