????:1???????:????????

2???????

3????????????

4?????qq???

5???????????

??????????????????10?10?????????????????????

(?)????????????????

?????????????????????,?????,???????????????,??2023??????????????,??14????????????,??????????????,??????????????????????7.82??????????????5.75??0.03????????????????,?????????2019?????????????24.32%?130.00%,?????????????????????,?????????????

????????????1:?(?)

?????????????????:???????

???????????,???????????2035?,?????????????????????????,??????????????????????,???GDP???Willis Towers Watson?Thinking Ahead Institute????????????????????(?90%-95%)???2021??????,??????????GDP??????71.73%,????57.50%???????????????,???????????????????????????????????????????????????????100%???????,?????????????????????????????????????????????????????60%????????????????????????????2023??????????????????GDP????????10.11%,?????????????,2023?139.5?,?GDP????????????????111%,??

????????2:2021?????????GDP??????????????

????????????????:Thinking Ahead Institute

????3:??????????GDP??

????????:??????

???????????,??,???,????2023?????,????65????????2.17????????????,?15.40%,????,???????????????2032-2035???????20%,???????????????????????????,???????????????????

?????????4:?65?????????????????

??????????:???????????

(???????????????)???10??20??????????????????????,??????????????10??????????????

?????????,?????????????,?????????????????????????????,??????????,??????????????,??????????????????????????????,??,?????????,??,??????????2023??????????????,????????7500?????????????,???7%,??????????,????????60%??GDP?80%??????,???????????????????????,???????????,??????????????????,?????????????????????????????,????????????

???????????,?????????,???????????????????????????????(??????????)????????????????GDP??????,????????????(OECD)?????????????????????,2022??38?????????GDP??44.98%,?16%????????????????????????????????????????????????????????????????????????????????????????80%??,?????????????????????????????????????????????30%???????????????2023?,????GDP???????????????????????????4.17%,?????

???????????5:2022??OECD??????????GDP????????????????

??????????????:OECD

????6:????????????GDP???????

?:?,wind

????????????????????,????????????,?????????????????????????????????????????????????,????????????????????????????????????????,????????????????????2022????????????,??????34.43????,?8.22%?58.38%???????33.40%??????????????,??????????50%??????????,????21????????????,??????????,???????????????2022????,????????????????340.52???,????????58.77%?30.84%??10.39%?

???????????????????7:?

??:??????????(ICI),?????????(SSA)

??????8:?????

??????:?

????????:GPIF,????(NRI),??????(FSA)

???????,?????????????????,???????2035?35???,????10??,??????????????3??????????Thinking Ahead Institute?????????2/3???????????????,??10????GDP??20%????????????????????????GDP??????????????????3%????,?????????????????2035??,???????????35????????????????,?????????,??????????3:1,?????????????????????GDP????7.5%?2.5%????????????????????????????????????,????????????????????,???????????,??????,??60%(1 ?????????????,??????)??,??????????2035?????????????,???????????????????GDP????3%????????7%???,?????????????????2035????????,????????????????????????17.5?????5.5?12?,??50%?16%?????34%?

?????????????????????????,???????

?????????????????????????????????2022????????11??????????????????????,??2023?????,?????????????5000??,???????????????280??,??????????????????,???????????,??,??????????????,????,??????????????????????????????????,?????,?????????????

(?)?,???

1.????????????????????????????,??

??36???????????,?????????????????,?,???????????????,??3.5???(2)???????

??????,????,????,?????,??????????,??,?????????????

2.????,?

?,?????????????,????????,??,????

??,???????,????????????????????,????,?????

3.????????????,???????????2.4??????????????

?,???,???????????????????????????????,????????????????,???????????12000????;??????,?(3),???????????????????????????????,????

???????????,???????????????????????401(k)?IRA??????22500??6500????,?????????????????2022??????????????GDP??????????????????????????????37.58%???,??,?????????????,?????????????,????????????,??????????????????GDP?25.91%??2023????GDP8.94?????????????,????2.32??????????????

(???????????????)????????????,???????

1.????????????????,??5%????

?????????????,????????????????

??????????9????????,?????????????????,???????,??????(4),??????,????????????????,??????????5%????????????????

2.?????,??

???EET?????,???????????????????,?????3%?????????????????,???????????,????????????????????,???????????3%?,??????????;????????,?????,????,?????????????????????????????

???????,?????????????????????????????????????????,?TEE??????????(5)?????????????????????????????,????????????????,??????????????????????EET??????????????,??????????????????????????3%???????????,??????????????,?????,??????????????????????

(?????)??????????????????,??????????????

1.????,??????

???,???????????????,????????,???????????????????,????????,?????????,?????????????????????,??,??????????????,????????????????????????,?????????????,???,?????????????????

2.??????,????????????????????

???????????????????,?????????????,??????????????????????,?,?????????????????

?,??,??????????????????????????,?????,?????????????????????????,????

(????????????)???????????????,??????????????

1.?????????????????,????????????????

????,???????????????????????????????????????????,???????????????,????,????????????NISA??????????(6)????????????????,?????????????2022??????????????????????,???????????????ETF?REITs??63.72%?33.14%?2.47%?0.68%?

?????????9:2022??????????????NISA??????

???????????????:?????????????

????????,??,????????????????,???????,??????????????????,????????????????????,??REITs???????,?????????????,???;?,?,????????????????????????????????????,????????????????,????????????????

2.???????,????

???,????????????????????????????,??,??????,??????????

???????????????????????????????????,???????????,????????????????,????????????????????????????????????????????????????????????????????????????,?????????????????

3.????????????,????

??????????????,????????,????????????????????????,?????????????????

?????????????????,???????????????,????????????????????????????????????????????????????,????????,??????,???????????????

?????????????????,?????????????????????

??,?????????????,?????????????????,??????????????????????????????????????????????????,????????????????????,??,???????????????,??????????????,????????????,????????????????

(????????????)?????????????????????,??????

???????????????????????????,????????????????,???????«???(2023)»(7)????????????,34.92%??,????????????????????,???????,?????????«2022???????????????»(8)?,???????????20%?????????????????,?????????

????????????10:????

??:????????????????????????????????50???«??????????????????????(2023)»

??,????????????,??????????,?,???????????????????????,??????“????????????????”????????“???????”?????????????,?????,???????????????,????????,??????????????,???????????????????????,???????????????????,??????????????????

(????????????)???????????,????????

?????????,??????????????????“???????????”?????????????????????????,????,???????????????????,????????????????,????,??

????????????????,??,?????,????????????????????????????????,????,??????????????????????????????????????????,??????????????????????????,????????????,??????????????????????????????????????,?????????????????????????,?????,????????,?????????????????,????????????,????????????????????,?????????????????????????????????????????????????????,??????????????,???,??????????,?????????????????????,????

(???)?????????????????,????????

???????????????????????,???????,???????????????????????2024??????3??????????14?????????????,???743??,????,??????62.58%????,????????5???????????????????,??????????????185????????????????????FOF???????????,?,?????????IRA(????)??,???????2023??????,???????????42.67%,??,?????????????43.46%?12.28%?

??11:???????????(???2024??????????????3?????14???????????)

??????????:?????????

?????????12:?????????IRA??

???:ICI

?,???,??????????????,?,???????????,???????????,??????????????????,????????????????????,??????????????;??,?,??????????????????????????????????????,??,?????????,???????????????????????????????????????????,????????????,???????

(??:?????????????,????;????????????,????????;??????,???????????????)

?????????:

1?2023?????????????????GDP???????????????60.5%

2?????????????,???????????2023????????????,???10.6????????????????,??????????2023????,???14.1????????????????????????????

3?????????,?????????????2023?????????,???????????????????3102.95?????

4? 2022???,??,???200??????/?????????????,?????????????????4%?

5? E(Exempt)???????????????????T(Tax)??,?????????,TEE??????????????

6? NISA(Nippon Individual Savings Account)?????,???

7??????????????????50??:«??(2023)»,2023??????????12??????????,?????????????17???????????

8????????:??,????????????????,??, ??:?????????