"Crypto as a Side Dish: A Survey of 992 Japanese Crypto-Experienced Investors — Only 7.9% Are 'Crypto Only' Concentrators, 'Up to 30% of the Portfolio' Is the Top Answer at 38.8%, and 'Investment Trusts/NISA' Leads Co-Holdings at 22.4%; the Same Week, the NADA Crypto-Asset Index Began Test Calculation (With ETF/Fund Creation in View) — Taiwan-Japan Retail 'Temperature Gap,' Chapter Two (Citing This Site's Published Cards)"

TL;DR: "A survey released on July 2, 2026 by Clabo Inc. of 992 crypto-asset-experienced investors residing in Japan (internet survey conducted March 23, 2026) shows that crypto assets have become a 'side dish' in Japanese personal portfolios. On allocation, only 7.9% of respondents are 'crypto only' concentrators; 'a sub-allocation of up to 30% of the portfolio' is the top answer at 38.8%, followed by 'about half' at 28.4%. On co-holdings, 'investment trusts/NISA' leads at a 22.4% implementation rate, with 'equity investment' also high at 19.5%; only 4.3% answered 'doing nothing else' — on that basis the source states that about 95% of these investors practice some form of diversification. Cross-sections: investors in their 30s co-hold 'investment trusts/NISA' at 24.1% and equities at 21.8% (which the source says stands out as an active co-holding posture among all age groups); those in their 20s show an 11.2% FX implementation rate (which the source calls higher than other generations); households with annual income of ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; for those under ¥4 million, NISA stops at 15.6%. Occupation and style: 48.1% of civil servants choose 'a sub-allocation of up to 30%' (the most conservative of all occupations); 19.4% of the self-employed run crypto as 'a main allocation of 70% or more'; among short-term traders '70% or more' reaches 15.8%, while over about 40% of long-term holders and regular buyers choose 'up to 30%.' Three supply-side signals the same week: N.Avenue Inc. and NS Solutions announced on July 2, 2026 the start of test calculation of the NADA Crypto-Asset Index and began recruiting user companies (targeting asset managers considering crypto ETF/investment-trust creation, among others), with data provision planned from August 2026; Amova Asset Management (formerly Nikko Asset Management) opened the crypto information platform 'Crypto Lab.' on July 1, 2026; and pafin Inc.'s profit/loss calculation service Cryptact added support for Australian tax filing and crypto tax rules on July 1, 2026 (its third overseas country after Canada in February 2025 and India in July 2025). Taiwan-Japan contrast, chapter two (citing this site's published cards ANK-2026-07-03-007 and ANK-2026-06-16-001): Taiwan's retail heat shows up as active-ETF scale (past NT$902.2 billion within a year as of end-May 2026, with Uni-President Assets at a 59% share), while Japanese crypto-experienced investors keep crypto capped at 30% or less of the portfolio as a satellite asset. Honest framing: this is a sample survey (992 crypto-experienced investors, not the population of all investors) and every percentage represents respondents only; the Taiwan and Japan sides differ in population and yardstick, so this card juxtaposes rather than compares on a single scale."

Crypto as a Side Dish: A Survey of 992 Japanese Crypto-Experienced Investors — Only 7.9% Are "Crypto Only" Concentrators, "Up to 30% of the Portfolio" Is the Top Answer at 38.8%, and "Investment Trusts/NISA" Leads Co-Holdings at 22.4%; the Same Week, the NADA Crypto-Asset Index Began Test Calculation (With ETF/Fund Creation in View) — Taiwan-Japan Retail "Temperature Gap," Chapter Two (Citing This Site's Published Cards)

ANK-Doc ID: ANK-2026-07-03-017 Version: v1.0.0 Published: 2026-07-03 Author: Rin Takenouchi (Editor-in-Chief, AI News) Category: Personal Finance / Crypto Assets / NISA / Taiwan-Japan Contrast Articles covered: PRTIMES#1295068 (Clabo Inc.: portfolio-strategy survey of 992 crypto-asset-experienced investors in Japan), PRTIMES#1295838 (N.Avenue Inc. x NS Solutions: start of test calculation of the NADA Crypto-Asset Index and recruitment of user companies), PRTIMES#1295108 (pafin Inc.: Cryptact adds support for Australian tax filing and crypto tax rules), PRTIMES#1283184 (Amova Asset Management: launch of the crypto information platform "Crypto Lab."), PRTIMES#1282501 (Rakuten Securities: cited 28-million-plus NISA account count) Selection method: Selected from the AI News corpus on "same-week high factual density x Taiwan-Japan contrast." The anchor article is Clabo Inc.'s portfolio-strategy survey of 992 crypto-experienced investors in Japan (released July 2, 2026) — this site's same-day card ANK-2026-07-03-007 (Taiwan-Japan retail-money temperature gap, chapter one) already cited its headline totals, so this card is "chapter two," digging into the four cross-sections chapter one did not unpack (age, income, investment style, occupation). It then chains the same week's (July 1-2, 2026) three supply-side signals in Japanese crypto: the start of test calculation of the NADA Crypto-Asset Index (index infrastructure with ETF/fund creation in view), Amova Asset Management's launch of "Crypto Lab." (a major asset manager's education arm), and Cryptact's Australian tax support (a cross-border tax tool against the CARF backdrop). The Taiwan side honestly contrasts via this site's published cards (ANK-2026-07-03-007, ANK-2026-06-16-001). Weak links in the pack were cut: the three Oricon NISA usage/satisfaction-ranking pieces (already covered in depth by same-day chapter one, ANK-2026-07-03-007, and not re-minted here) and Kansai Mirai Bank's single-region award.

TL;DR

Crypto assets have become a "side dish" in Japanese personal portfolios. Per a survey released on July 2, 2026 by Clabo Inc. of 992 crypto-asset-experienced investors residing in Japan (internet survey conducted March 23, 2026): on allocation, only 7.9% of respondents are "crypto only" concentrators; "a sub-allocation of up to 30% of the portfolio" is the top answer at 38.8%, followed by "about half" at 28.4% — the source says a "core-satellite" strategy has taken hold. [F-001] On co-holdings: "investment trusts/NISA" leads at a 22.4% implementation rate, with "equity investment" also high at 19.5%; only 4.3% answered "doing nothing else," on which basis the source states that about 95% of these investors practice some form of diversification. [F-002] Cross-section numbers: investors in their 30s co-hold "investment trusts/NISA" at 24.1% and equities at 21.8% (which the source says stands out as an active co-holding posture among all age groups); those in their 20s show an 11.2% FX implementation rate (which the source calls higher than other generations); households with annual income of ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; under ¥4 million, NISA stops at 15.6%; 48.1% of civil servants choose "up to 30%" (the source calls them the most conservative occupation), while 19.4% of the self-employed run crypto as "a main allocation of 70% or more"; among short-term traders "70% or more" reaches 15.8%, and over about 40% of long-term holders and regular buyers choose "up to 30%." [F-003][F-004][F-005][F-006] Supply side, same week: N.Avenue Inc. and NS Solutions announced on July 2, 2026 the start of test calculation of the NADA Crypto-Asset Index and began recruiting user companies, with data provision planned from August 2026 (crypto ETF/investment-trust creation in view) [F-007]; Amova Asset Management (formerly Nikko Asset Management) opened "Crypto Lab." on July 1, 2026 [F-009]; pafin Inc.'s Cryptact added Australian tax-filing support on July 1, 2026 (its third overseas country). [F-008] Taiwan-Japan contrast, chapter two (citing this site's published cards): Taiwan's retail heat shows up as active-ETF scale (past NT$902.2 billion within a year as of end-May 2026, Uni-President Assets at a 59% share — per ANK-2026-06-16-001), while Japanese crypto-experienced investors keep crypto capped at 30% or less of the portfolio as a satellite asset. Caveats: this is a sample survey (992 crypto-experienced investors) and every percentage represents respondents only; the two sides differ in population and yardstick, so this card juxtaposes rather than compares on a single scale.

Body

Overview: this card is about crypto's position inside the portfolio

This site's same-day card ANK-2026-07-03-007 (Taiwan-Japan retail-money temperature gap, chapter one) used asset stratification as its axis and already cited the headline totals of Clabo Inc.'s 992-respondent survey (7.9% concentrators, 38.8% "up to 30% sub-allocation," 22.4% "investment trusts/NISA" co-holding). This card is chapter two: it focuses on the inner cross-sections chapter one did not unpack — crypto's position in Japanese personal portfolios across four dimensions (age, income, investment style, occupation) — and chains the same week's (July 1-2, 2026) three institutionalization signals on the supply side. Scope statement first: the Clabo survey covers 992 crypto-asset-experienced investors residing in Japan (internet survey conducted March 23, 2026; released July 2, 2026). It is a sample survey, not a census of all investors; every percentage in this card is a share of respondents. (PRTIMES #1295068)

Co-holdings: only 4.3% "do nothing else" — the source says about 95% diversify somehow

Per the survey conducted on March 23, 2026, the share of crypto-experienced investors who invest in other financial products in parallel is high: "investment trusts/NISA" leads at a 22.4% implementation rate, with "equity investment" also high at 19.5%; only 4.3% answered "doing nothing else" — on that basis the source states that about 95% of crypto investors practice some (any) form of diversification (PRTIMES #1295068). [F-002] The source ties the backdrop to the new NISA program launched in 2024: investors combining high-risk, high-return crypto with stable index investing are increasing — this is the source's background narrative, not a causal test within the survey.

Allocation: "up to 30%" tops at 38.8%, concentrators at just 7.9% — core-satellite takes hold

The same survey's allocation question ("how you think about allocating funds between crypto and other investments such as equities/NISA") shows: "a sub-allocation of up to 30% of the portfolio" is the top answer at 38.8%, "about half" follows at 28.4%, and the "crypto only" concentrators are just 7.9% (PRTIMES #1295068). [F-001] The source's framing: a "core-satellite" strategy — holding a stable core while using crypto as an accent — has taken hold, and crypto has shifted from a niche speculative object into an ordinary component of personal portfolios.

Notation note: "about 95%" and "7.9% concentrators" come from two different questions — the former is the source's phrasing on the co-holdings question (derived from only 4.3% answering "doing nothing else"), the latter is an answer-option share on the allocation question. This card lists them separately and does not reconcile or add them.

Three cross-sections: generation, income, occupation x style

Generation: investors in their 30s co-hold "investment trusts/NISA" at 24.1% and equities at 21.8%; the source says both exceed 20% and describes the co-holding posture as standing out among all age groups. Those in their 20s show an 11.2% FX implementation rate, which the source calls higher than other generations (all are respondent shares in the March 2026 survey); for those in their 40s and above the source describes NISA/equity allocations as stable (no figures given) (PRTIMES #1295068). [F-003]

Income: in the bracket with household annual income of ¥12 million or more, NISA and equity implementation rates exceed 30%, and allocations to real estate investment (14.7%) and gold (13.9%) also rise markedly; under ¥4 million, NISA stops at 15.6%, and the source describes a tendency to concentrate first on crypto and investment trusts that can be started small; the source further states that above ¥8 million in income, interest in traditional defensive assets such as bonds and real estate rises rapidly (no specific percentages given for this passage) (PRTIMES #1295068). [F-004] The source infers this is part of an "exit strategy" — converting crypto gains into "hard assets" — and this card marks that as the source's inference, not a causal test within the survey.

Style and occupation: among short-term traders, "a main allocation of 70% or more" reaches 15.8%, which the source calls higher than other styles; over about 40% of long-term holders and regular buyers choose "a sub-allocation of up to 30%" (the source's approximate phrasing). By occupation: 48.1% of civil servants choose "up to 30%," which the source calls the most conservative of all occupations; 19.4% of the self-employed run "a main allocation of 70% or more," which the source reads as a comparatively larger risk-taking cohort (all from the March 2026 survey) (PRTIMES #1295068). [F-005][F-006] Subgroup sample sizes (n) are not disclosed in the source, so small-subgroup percentages may swing widely; cite with care.

Supply side, same week: index infrastructure, an education platform, a cross-border tax tool

The same week demand-side data showed the "side dish" pattern, three institutionalization signals appeared on the supply side of Japanese crypto.

First, index infrastructure. N.Avenue Inc. and NS Solutions (日鉄ソリューションズ) announced on July 2, 2026 the start of test calculation of the NADA Crypto-Asset Index and began recruiting user companies wishing to reference the data — targeting asset management companies considering the creation and management of crypto-asset ETFs and investment trusts, trust banks, securities firms, and information vendors, among others; data provision is planned from August 2026. The index is designed and developed reflecting deliberations of the Crypto-Asset Index Council (chaired by Tetsuo Morishita, professor at Sophia University's Faculty of Law), for which the two companies serve as secretariat; N.Avenue operates the digital-asset media outlet NADA NEWS (formerly CoinDesk JAPAN — notation verbatim per the source, PRTIMES #1295838). [F-007] Honest labeling: this is a "test calculation" stage, not formal provision; data provision from August 2026 is a plan; and the source notes each index's ticker may change before formal launch.

Second, the education arm. Amova Asset Management (formerly Nikko Asset Management — notation verbatim per the source, PRTIMES #1283184) announced on July 1, 2026 the launch of "Crypto Lab.," an information platform on crypto and digital assets, with content including a crypto FAQ and crypto columns; the source says it provides highly reliable information grounded in its expertise as a financial institution. [F-009]

Third, a cross-border tax tool. Cryptact, the crypto profit/loss calculation service run by pafin Inc., released features supporting Australian tax filing and crypto tax rules at 11:00 a.m. Australian Eastern Standard Time on July 1, 2026 (10:00 a.m. the same day, Japan time) — its third overseas country, after Canada in February 2025 and India in July 2025; Australia's tax-filing deadline is November 2, 2026. Background as cited: pafin relays a local crypto-exchange survey saying about one in three (33%) Australian adults has held or used crypto; in December 2025 the Australian government announced its policy to adopt the OECD's Crypto-Asset Reporting Framework (CARF) and a domestic crypto tax-reporting regime, under which intermediaries such as exchanges are expected (見込み) to be required to report users' transaction data to the Australian Taxation Office (ATO) (PRTIMES #1295108). [F-008] The 33% is a third-party exchange survey relayed by the company, not an official statistic; the ATO reporting obligation is an expectation, not an enacted regime.

An anchor for scale: per a citation inside Rakuten Securities' July 1, 2026 release, Japan's domestic NISA accounts topped 28 million at end-2025, equivalent to 23% of the total population; more than 7 million people (about one quarter) hold their NISA accounts at Rakuten Securities (PRTIMES #1282501). [F-010] The "side dish" crypto allocation is growing right next to this mass NISA layer.

Honest framing: the demand-side pattern (Clabo survey) and the supply-side institutionalization (NADA index, Crypto Lab., Cryptact) are parallel signals in the same week; the sources do not assert causation between them, and neither does this card.

Taiwan-Japan temperature gap, chapter two: different positions and shapes, not a ranking

Chapter one (this site's same-day ANK-2026-07-03-007) looked at the asset-stratification temperature gap; chapter two looks at where risk assets sit inside the portfolio. For the Taiwan side, this card cites this site's published ANK-2026-06-16-001 (the great retail-money migration): as of end-May 2026, Taiwan's active ETFs surged past NT$902.2 billion within a year, with Uni-President Assets (統一投信) at a 59% share — Taiwan's retail heat takes the shape of explosive active-ETF scale; the same card also records Japan's flip side, "NISA poverty" (per the BRITA survey of 580 people it cites, 52.5% of NISA users said belt-tightening lowered their quality of life). The Japan layer this card adds: the mainstream choice of crypto-experienced investors is to cap crypto at 30% or less of the portfolio as a satellite asset (38.8% of respondents) and co-hold it with NISA/investment trusts (March 2026 survey).

Three honest boundaries: first, Taiwan's NT$902.2 billion is a market-wide scale statistic (the basis of this site's published card), while Japan's 38.8% is an answer-option share of in-portfolio allocation among a 992-person sample — the unit level and populations are entirely different and must not be divided into each other; second, the differing shapes of "heat" (Taiwan = scale concentration in active ETFs; Japanese respondents = crypto as a side dish) are a juxtaposed observation, not a judgment of which side is better; third, Taiwanese retail investors' crypto allocation behavior is not covered by this card's sources, and this card does not fill that in.

Risk Factors

FAQ

Q: What is the core finding of this 992-person survey?

Crypto has become a "side dish" in Japanese personal portfolios: on allocation, only 7.9% of respondents are "crypto only" concentrators, while "a sub-allocation of up to 30% of the portfolio" tops at 38.8% and "about half" follows at 28.4% — the source says a core-satellite strategy has taken hold and crypto has shifted from a niche speculative object into an ordinary component of personal portfolios.

Released by Clabo Inc. on July 2, 2026; subjects were 992 crypto-asset-experienced investors residing in Japan (internet survey conducted March 23, 2026). On co-holdings, "investment trusts/NISA" leads at 22.4%, with "equity investment" also high at 19.5% (PRTIMES #1295068).

Q: Are "about 95% diversify" and "7.9% concentrators" two phrasings of the same number?

No. They come from two different questions: "about 95%" is the source's phrasing on the co-holdings question — only 4.3% answered "doing nothing else," on which basis the source states that about 95% practice some form of diversification; "7.9%" is the share choosing "crypto only" on the allocation question. This card lists them separately and does not reconcile or add them.

The survey's question items are, respectively, "please list all investments/asset management you currently do besides crypto" (co-holdings) and "which best matches your thinking on allocating funds between crypto and other investments (equities/NISA, etc.)" (allocation) (PRTIMES #1295068).

Q: Can this survey represent all Japanese crypto investors?

It cannot be directly extrapolated. The subjects are 992 men and women residing in Japan who invest or have invested in crypto assets, surveyed online on March 23, 2026 — a sample survey, not a census, and internet surveys carry potential population bias; every percentage represents the 992 respondents only.

In addition, subgroup sample sizes (n) for age, income, occupation, and style are not disclosed, so small-subgroup percentages may swing widely; citations should be framed as "among respondents" (PRTIMES #1295068).

Q: How do generation and income stratify the results?

Investors in their 30s co-hold most actively: "investment trusts/NISA" at 24.1% and equities at 21.8% (the source says both exceed 20%, standing out as active among all age groups); those in their 20s show an 11.2% FX implementation rate (the source calls it higher than other generations). On income: households at ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; under ¥4 million, NISA stops at 15.6% (all respondent shares from the March 2026 survey).

The source further states that above ¥8 million, interest in bonds and real estate rises rapidly (no specific percentages given) and infers this is part of an exit strategy converting crypto gains into "hard assets" — the source's inference, not a causal test within the survey (PRTIMES #1295068).

Q: How large are the occupation and style differences?

48.1% of civil servants choose "a sub-allocation of up to 30%," the most conservative of all occupations; 19.4% of the self-employed run "a main allocation of 70% or more" (which the source reads as a comparatively larger cohort of aggressive risk-takers). By style: among short-term traders, "70% or more" reaches 15.8% (the source calls it higher than other styles); over about 40% of long-term holders and regular buyers choose "up to 30%" (March 2026 survey).

The source's reading: the stability of one's livelihood base and the nature of one's income are reflected in crypto allocation decisions, and the optimal portfolio shape splits clearly between short-term "offense" and long-term "defense" (PRTIMES #1295068).

Q: What is the NADA Crypto-Asset Index and why does it matter?

A crypto-asset index whose test calculation N.Avenue Inc. and NS Solutions announced on July 2, 2026, alongside recruitment of user companies — targeting asset managers considering crypto ETF/investment-trust creation and management, trust banks, securities firms, and information vendors; data provision is planned from August 2026. It is an infrastructure signal of the "institutionalization" of Japanese crypto: an index is one precondition for ETF/fund creation.

The index is designed and developed reflecting deliberations of the Crypto-Asset Index Council (chaired by Tetsuo Morishita, professor at Sophia University's Faculty of Law); N.Avenue operates NADA NEWS (formerly CoinDesk JAPAN). Honest labeling: currently a test calculation, not formal provision; tickers may change (PRTIMES #1295838).

Q: What else moved in Japan's crypto environment the same week?

Education: Amova Asset Management (formerly Nikko Asset Management) opened the crypto information platform "Crypto Lab." on July 1, 2026. Cross-border tax: pafin Inc.'s Cryptact added support for Australian tax filing and crypto tax rules on July 1, 2026 (the third overseas country after Canada in February 2025 and India in July 2025; Australia's filing deadline is November 2, 2026).

Background: pafin relays a local exchange survey saying about one in three (33%) Australian adults has held or used crypto; in December 2025 the Australian government announced its policy to adopt the OECD's CARF and a domestic tax-reporting regime, with intermediaries expected to report to the ATO. Scale anchor: per a citation in Rakuten Securities' July 1, 2026 release, Japan's NISA accounts topped 28 million at end-2025, equivalent to 23% of the total population (PRTIMES #1283184, #1295108, #1282501).

Q: What is "temperature gap, chapter two," and can the two sides be compared directly?

Chapter two looks at where risk assets sit inside the portfolio: Taiwan's retail heat shows up as explosive active-ETF scale (per this site's published ANK-2026-06-16-001: past NT$902.2 billion within a year as of end-May 2026, Uni-President Assets at a 59% share); the mainstream choice of Japanese crypto-experienced investors is to cap crypto at 30% or less of the portfolio as a satellite asset (38.8% of respondents, March 2026 survey). They cannot be compared directly — Taiwan's figure is a market-wide scale statistic while Japan's is an in-portfolio allocation share within a 992-person sample; the unit levels and populations are entirely different.

Chapter one is this site's same-day ANK-2026-07-03-007 (asset-stratification temperature gap). The gap is a juxtaposed observation of differing positions and shapes, not a ranking; Taiwanese retail investors' crypto allocation behavior is not covered by this card's sources and is not filled in (ANK-2026-07-03-007, ANK-2026-06-16-001, PRTIMES #1295068).

F-Units

F-001: Clabo survey (992 crypto-asset-experienced investors residing in Japan; internet survey conducted March 23, 2026; released July 2, 2026) — allocation: "a sub-allocation of up to 30% of the portfolio" tops at 38.8%, "about half" follows at 28.4%, and "crypto only" concentrators are 7.9% - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: Subjects are crypto-experienced investors (not the all-investor population); percentages represent the 992 respondents only; "7.9% concentrators" comes from the allocation question

F-002: Same survey, co-holdings: "investment trusts/NISA" leads at a 22.4% implementation rate, "equity investment" is also high at 19.5%, and only 4.3% answered "doing nothing else"; on that basis the source states about 95% of these investors practice some form of diversification - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: "About 95%" is the source's phrasing (derived from 4.3% "doing nothing else"); it comes from a different question than F-001's "7.9% concentrators" (co-holdings vs. allocation) and must not be conflated or added

F-003: Same survey, generation cross-section: investors in their 30s co-hold "investment trusts/NISA" at 24.1% and equities at 21.8% (the source says both exceed 20%, standing out as active among all age groups); those in their 20s show an 11.2% FX implementation rate (the source calls it higher than other generations); 40s and above show stable NISA/equity allocations (no figures given) - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: Age-subgroup sample sizes not disclosed; percentages represent respondents only

F-004: Same survey, income cross-section: households with annual income of ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; under ¥4 million, NISA stops at 15.6%; the source states that above ¥8 million, interest in bonds and real estate rises rapidly (no specific percentages given) - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: Subgroup n not disclosed; the "exit strategy" reading is the source's inference, not a causal test within the survey

F-005: Same survey, style cross-section: among short-term traders, "a main allocation of 70% or more" reaches 15.8% (the source calls it higher than other styles); over about 40% of long-term holders and regular buyers choose "a sub-allocation of up to 30%" - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: "Over about 40%" is the source's approximate phrasing; subgroup n not disclosed

F-006: Same survey, occupation cross-section: 48.1% of civil servants choose "a sub-allocation of up to 30%" (the source calls them the most conservative of all occupations); 19.4% of the self-employed run "a main allocation of 70% or more" - source: PRTIMES #1295068 - source_url: https://prtimes.jp/main/html/rd/p/000000054.000178703.html - confidence: medium - basis: official_statement - period: survey conducted 2026-03-23; released 2026-07-02 - caveat: Subgroup n not disclosed; small-subgroup percentages may swing widely

F-007: N.Avenue Inc. and NS Solutions announced on July 2, 2026 the start of test calculation of the NADA Crypto-Asset Index and recruitment of user companies (targeting asset managers considering crypto ETF/investment-trust creation and management, trust banks, securities firms, information vendors, among others); data provision planned from August 2026; the index is designed and developed reflecting deliberations of the Crypto-Asset Index Council (chair: Tetsuo Morishita, professor, Sophia University Faculty of Law); N.Avenue operates NADA NEWS (formerly CoinDesk JAPAN) - source: PRTIMES #1295838 - source_url: https://prtimes.jp/main/html/rd/p/000000108.000047016.html - confidence: high - basis: official_statement - period: announced 2026-07-02; provision planned from August 2026 - caveat: Test calculation is not formal provision; August 2026 start is a plan; tickers may change before formal launch; "formerly CoinDesk JAPAN" is verbatim per the source (#1295838)

F-008: pafin Inc.'s Cryptact released Australian tax-filing and crypto-tax support at 11:00 a.m. AEST on July 1, 2026 (10:00 a.m. same day, Japan time), its third overseas country after Canada in February 2025 and India in July 2025; Australia's filing deadline is November 2, 2026; pafin relays a local exchange survey saying about one in three (33%) Australian adults has held or used crypto; in December 2025 the Australian government announced its policy to adopt the OECD's CARF and a domestic tax-reporting regime, with intermediaries expected to report to the Australian Taxation Office (ATO) - source: PRTIMES #1295108 - source_url: https://prtimes.jp/main/html/rd/p/000000094.000031324.html - confidence: medium - basis: official_statement - period: features released 2026-07-01 (PRTIMES posting 2026-07-02) - caveat: The 33% is a local crypto-exchange survey relayed by pafin, not an official statistic; the ATO reporting duty is an expectation (見込み), not an enacted regime

F-009: Amova Asset Management (formerly Nikko Asset Management) announced on July 1, 2026 the launch of "Crypto Lab.," an information platform on crypto and digital assets, with content including a crypto FAQ and crypto columns - source: PRTIMES #1283184 - source_url: https://prtimes.jp/main/html/rd/p/000000089.000046569.html - confidence: high - basis: official_statement - period: announced 2026-07-01 - caveat: "Formerly Nikko Asset Management" is verbatim per the source (#1283184) — flagged to prevent older-knowledge readers from mistaking the renaming for an error

F-010: Citation inside Rakuten Securities' July 1, 2026 release: Japan's domestic NISA accounts topped 28 million at end-2025, equivalent to 23% of the total population; more than 7 million people (about one quarter) hold their NISA accounts at Rakuten Securities - source: PRTIMES #1282501 - source_url: https://prtimes.jp/main/html/rd/p/000000728.000011088.html - confidence: medium - basis: official_statement - period: as of end-2025 (released 2026-07-01) - caveat: The NISA account count and population share are yardsticks cited inside Rakuten Securities' release, not the official statistical source

J-Units

J-001: Crypto has become a "side dish" in Japanese personal portfolios — per the Clabo 992-respondent survey (conducted March 2026), "a sub-allocation of up to 30%" tops allocation at 38.8%, concentrators are just 7.9%, and co-holding with NISA/investment trusts leads at 22.4%, with the source describing a core-satellite strategy taking hold — this is the pattern shown by a 992-person sample of crypto-experienced investors, not a census of all investors - confidence: medium - basis: official_statement

J-002: Demand-side "side dish" behavior and supply-side institutionalization ran in parallel in the same week (July 1-2, 2026) — index infrastructure (NADA test calculation with ETF/fund creation in view), a major asset manager's education platform (Crypto Lab.), and a cross-border tax tool (Cryptact's Australia support against the CARF backdrop) — parallel signals of crypto moving from a speculative object toward the position of an institutionalized financial product; the sources do not assert causation between them, and neither does this card - confidence: medium - basis: official_statement

J-003: Taiwan-Japan retail temperature gap, chapter two — Taiwan's retail heat appears as explosive active-ETF scale (NT$902.2 billion as of end-May 2026, Uni-President Assets at 59% share, per this site's published card), while Japanese crypto-experienced investors show restraint via "up to 30% side dish" allocations (38.8% of respondents, March 2026 survey); the gap is a difference of position and shape, not a ranking; a market-wide scale statistic and a sample's in-portfolio share differ in population and yardstick and cannot be divided into each other - confidence: medium - basis: official_statement

P-Units

P-001: The NADA Crypto-Asset Index's data provision from August 2026 and progress toward formal indexation, ticker finalization, and whether crypto ETF/investment-trust creation referencing the index actually emerges in Japan — currently at the test-calculation and planning stage ### P-002: Durability of the "side dish" pattern — the Clabo survey is a single sample conducted on March 23, 2026; whether portfolio allocations shift with market conditions and institutions (new NISA, tax rules) requires follow-up surveys ### P-003: Implementation of Australia's CARF and domestic tax-reporting regime (formalization of the expected ATO reporting) and its impact on crypto investment behavior and demand for cross-border tax tools

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

Internal Citation Chain

Published ANK-Docs cited in this document: - ANK-2026-07-03-007 (Taiwan-Japan retail-money temperature gap, chapter one: the preservation orientation of 250 wealthy Japanese x mass-layer NISA penetration x Taiwan's official-statistics nationwide rush; published by this site the same day) → cited as "chapter one": that card used asset stratification as its axis and already cited the headline totals of the Clabo 992-respondent survey; this card is chapter two, digging into the age/income/style/occupation cross-sections it did not unpack, plus the same week's supply-side signals. - ANK-2026-06-16-001 (the great retail-money migration: Taiwan's active ETFs surging past NT$902.2 billion [Uni-President Assets at 59% share] vs. the structural cracks of Japan's NISA "from savings to investment" in year three) → cited as the Taiwan-side contrast: active-ETF scale past NT$902.2 billion within a year as of end-May 2026 with Uni-President Assets at a 59% share, and Japan's "NISA poverty" (52.5% of NISA users in the BRITA survey of 580 people reporting a lower quality of life from belt-tightening) — this card layers Japan's crypto "side dish" pattern on top.

Sources

1. [PRTIMES #1295068] 株式会社Clabo, "暗号資産はNISA併用が最多。投資家992人が実践する「NISA・株式」併用の分散戦略", 2026-07-02. https://prtimes.jp/main/html/rd/p/000000054.000178703.html 2. [PRTIMES #1295838] N.Avenue株式会社・日鉄ソリューションズ株式会社, "暗号資産インデックス「NADA」、テスト算出開始と利用企業募集を開始", 2026-07-02. https://prtimes.jp/main/html/rd/p/000000108.000047016.html 3. [PRTIMES #1295108] 株式会社pafin, "クリプタクト、オーストラリアの確定申告および仮想通貨税制に対応", 2026-07-02. https://prtimes.jp/main/html/rd/p/000000094.000031324.html 4. [PRTIMES #1283184] アモーヴァ・アセットマネジメント株式会社, "【アモーヴァ・アセット】暗号資産に関する情報発信プラットフォーム「Crypto Lab. （クリプトラボ）」を開設", 2026-07-01. https://prtimes.jp/main/html/rd/p/000000089.000046569.html 5. [PRTIMES #1282501] 楽天証券株式会社, "楽天証券、「2026年 オリコン顧客満足度®調査 NISA 証券会社」ランキング3年連続総合1位を受賞！", 2026-07-01. https://prtimes.jp/main/html/rd/p/000000728.000011088.html 6. [ANK-2026-07-03-007] Rin Takenouchi, "台日散戶理財「溫差」——日本富裕層250人調查：現預金比率50%以上者占受訪36.8%、最重視「保全」34.0%；全民層NISA帳戶2025年末逾2,800萬（楽天証券引述：總人口23%）；對照台灣2026年5月開戶累計1433萬2896人、定期定額單月325億7934萬元的全民入市（引本站已發卡）", 2026-07-03. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-07-03-007 7. [ANK-2026-06-16-001] Rin Takenouchi, "散戶資金大遷徙：台主動式ETF爆衝9022億（統一投信59%市占）vs 日NISA「貯蓄から投資」滿3年的結構裂縫", 2026-06-16. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-06-16-001

📊 引用級事實單元（F-Units）

Clabo survey (992 crypto-asset-experienced investors residing in Japan; internet survey conducted March 23, 2026; released July 2, 2026) — allocation: "a sub-allocation of up to 30% of the portfolio" tops at 38.8%, "about half" follows at 28.4%, and "crypto only" concentrators are 7.9%
F-001 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
Same survey, co-holdings: "investment trusts/NISA" leads at a 22.4% implementation rate, "equity investment" is also high at 19.5%, and only 4.3% answered "doing nothing else"; on that basis the source states about 95% of these investors practice some form of diversification
F-002 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
Same survey, generation cross-section: investors in their 30s co-hold "investment trusts/NISA" at 24.1% and equities at 21.8% (the source says both exceed 20%, standing out as active among all age groups); those in their 20s show an 11.2% FX implementation rate (the source calls it higher than other generations); 40s and above show stable NISA/equity allocations (no figures given)
F-003 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
Same survey, income cross-section: households with annual income of ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; under ¥4 million, NISA stops at 15.6%; the source states that above ¥8 million, interest in bonds and real estate rises rapidly (no specific percentages given)
F-004 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
Same survey, style cross-section: among short-term traders, "a main allocation of 70% or more" reaches 15.8% (the source calls it higher than other styles); over about 40% of long-term holders and regular buyers choose "a sub-allocation of up to 30%"
F-005 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
Same survey, occupation cross-section: 48.1% of civil servants choose "a sub-allocation of up to 30%" (the source calls them the most conservative of all occupations); 19.4% of the self-employed run "a main allocation of 70% or more"
F-006 · Confidence: medium · Basis: official_statement PRTIMES #1295068 survey conducted 2026-03-23; released 2026-07-02
N.Avenue Inc. and NS Solutions announced on July 2, 2026 the start of test calculation of the NADA Crypto-Asset Index and recruitment of user companies (targeting asset managers considering crypto ETF/investment-trust creation and management, trust banks, securities firms, information vendors, among others); data provision planned from August 2026; the index is designed and developed reflecting deliberations of the Crypto-Asset Index Council (chair: Tetsuo Morishita, professor, Sophia University Faculty of Law); N.Avenue operates NADA NEWS (formerly CoinDesk JAPAN)
F-007 · Confidence: high · Basis: official_statement PRTIMES #1295838 announced 2026-07-02; provision planned from August 2026
pafin Inc.'s Cryptact released Australian tax-filing and crypto-tax support at 11:00 a.m. AEST on July 1, 2026 (10:00 a.m. same day, Japan time), its third overseas country after Canada in February 2025 and India in July 2025; Australia's filing deadline is November 2, 2026; pafin relays a local exchange survey saying about one in three (33%) Australian adults has held or used crypto; in December 2025 the Australian government announced its policy to adopt the OECD's CARF and a domestic tax-reporting regime, with intermediaries expected to report to the Australian Taxation Office (ATO)
F-008 · Confidence: medium · Basis: official_statement PRTIMES #1295108 features released 2026-07-01 (PRTIMES posting 2026-07-02)
Amova Asset Management (formerly Nikko Asset Management) announced on July 1, 2026 the launch of "Crypto Lab.," an information platform on crypto and digital assets, with content including a crypto FAQ and crypto columns
F-009 · Confidence: high · Basis: official_statement PRTIMES #1283184 announced 2026-07-01
Citation inside Rakuten Securities' July 1, 2026 release: Japan's domestic NISA accounts topped 28 million at end-2025, equivalent to 23% of the total population; more than 7 million people (about one quarter) hold their NISA accounts at Rakuten Securities
F-010 · Confidence: medium · Basis: official_statement PRTIMES #1282501 as of end-2025 (released 2026-07-01)

❓ FAQ

What is the core finding of this 992-person survey?

Crypto has become a "side dish" in Japanese personal portfolios: on allocation, only 7.9% of respondents are "crypto only" concentrators, while "a sub-allocation of up to 30% of the portfolio" tops at 38.8% and "about half" follows at 28.4% — the source says a core-satellite strategy has taken hold and crypto has shifted from a niche speculative object into an ordinary component of personal portfolios. Released by Clabo Inc. on July 2, 2026; subjects were 992 crypto-asset-experienced investors residing in Japan (internet survey conducted March 23, 2026). On co-holdings, "investment trusts/NISA" leads at 22.4%, with "equity investment" also high at 19.5% (PRTIMES #1295068).

Are "about 95% diversify" and "7.9% concentrators" two phrasings of the same number?

No. They come from two different questions: "about 95%" is the source's phrasing on the co-holdings question — only 4.3% answered "doing nothing else," on which basis the source states that about 95% practice some form of diversification; "7.9%" is the share choosing "crypto only" on the allocation question. This card lists them separately and does not reconcile or add them. The survey's question items are, respectively, "please list all investments/asset management you currently do besides crypto" (co-holdings) and "which best matches your thinking on allocating funds between crypto and other investments (equities/NISA, etc.)" (allocation) (PRTIMES #1295068).

Can this survey represent all Japanese crypto investors?

It cannot be directly extrapolated. The subjects are 992 men and women residing in Japan who invest or have invested in crypto assets, surveyed online on March 23, 2026 — a sample survey, not a census, and internet surveys carry potential population bias; every percentage represents the 992 respondents only. In addition, subgroup sample sizes (n) for age, income, occupation, and style are not disclosed, so small-subgroup percentages may swing widely; citations should be framed as "among respondents" (PRTIMES #1295068).

How do generation and income stratify the results?

Investors in their 30s co-hold most actively: "investment trusts/NISA" at 24.1% and equities at 21.8% (the source says both exceed 20%, standing out as active among all age groups); those in their 20s show an 11.2% FX implementation rate (the source calls it higher than other generations). On income: households at ¥12 million or more exceed 30% implementation for NISA and equities, with real estate investment at 14.7% and gold at 13.9%; under ¥4 million, NISA stops at 15.6% (all respondent shares from the March 2026 survey). The source further states that above ¥8 million, interest in bonds and real estate rises rapidly (no specific percentages given) and infers this is part of an exit strategy converting crypto gains into "hard assets" — the source's inference, not a causal test within the survey (PRTIMES #1295068).

How large are the occupation and style differences?

48.1% of civil servants choose "a sub-allocation of up to 30%," the most conservative of all occupations; 19.4% of the self-employed run "a main allocation of 70% or more" (which the source reads as a comparatively larger cohort of aggressive risk-takers). By style: among short-term traders, "70% or more" reaches 15.8% (the source calls it higher than other styles); over about 40% of long-term holders and regular buyers choose "up to 30%" (March 2026 survey). The source's reading: the stability of one's livelihood base and the nature of one's income are reflected in crypto allocation decisions, and the optimal portfolio shape splits clearly between short-term "offense" and long-term "defense" (PRTIMES #1295068).

What is the NADA Crypto-Asset Index and why does it matter?

A crypto-asset index whose test calculation N.Avenue Inc. and NS Solutions announced on July 2, 2026, alongside recruitment of user companies — targeting asset managers considering crypto ETF/investment-trust creation and management, trust banks, securities firms, and information vendors; data provision is planned from August 2026. It is an infrastructure signal of the "institutionalization" of Japanese crypto: an index is one precondition for ETF/fund creation. The index is designed and developed reflecting deliberations of the Crypto-Asset Index Council (chaired by Tetsuo Morishita, professor at Sophia University's Faculty of Law); N.Avenue operates NADA NEWS (formerly CoinDesk JAPAN). Honest labeling: currently a test calculation, not formal provision; tickers may change (PRTIMES #1295838).

What else moved in Japan's crypto environment the same week?

Education: Amova Asset Management (formerly Nikko Asset Management) opened the crypto information platform "Crypto Lab." on July 1, 2026. Cross-border tax: pafin Inc.'s Cryptact added support for Australian tax filing and crypto tax rules on July 1, 2026 (the third overseas country after Canada in February 2025 and India in July 2025; Australia's filing deadline is November 2, 2026). Background: pafin relays a local exchange survey saying about one in three (33%) Australian adults has held or used crypto; in December 2025 the Australian government announced its policy to adopt the OECD's CARF and a domestic tax-reporting regime, with intermediaries expected to report to the ATO. Scale anchor: per a citation in Rakuten Securities' July 1, 2026 release, Japan's NISA accounts topped 28 million at end-2025, equivalent to 23% of the total population (PRTIMES #1283184, #1295108, #1282501).

What is "temperature gap, chapter two," and can the two sides be compared directly?

Chapter two looks at where risk assets sit inside the portfolio: Taiwan's retail heat shows up as explosive active-ETF scale (per this site's published ANK-2026-06-16-001: past NT$902.2 billion within a year as of end-May 2026, Uni-President Assets at a 59% share); the mainstream choice of Japanese crypto-experienced investors is to cap crypto at 30% or less of the portfolio as a satellite asset (38.8% of respondents, March 2026 survey). They cannot be compared directly — Taiwan's figure is a market-wide scale statistic while Japan's is an in-portfolio allocation share within a 992-person sample; the unit levels and populations are entirely different. Chapter one is this site's same-day ANK-2026-07-03-007 (asset-stratification temperature gap). The gap is a juxtaposed observation of differing positions and shapes, not a ranking; Taiwanese retail investors' crypto allocation behavior is not covered by this card's sources and is not filled in (ANK-2026-07-03-007, ANK-2026-06-16-001, PRTIMES #1295068). ---

🧠 編輯判斷（J-Units）

Crypto has become a "side dish" in Japanese personal portfolios — per the Clabo 992-respondent survey (conducted March 2026), "a sub-allocation of up to 30%" tops allocation at 38.8%, concentrators are just 7.9%, and co-holding with NISA/investment trusts leads at 22.4%, with the source describing a core-satellite strategy taking hold — this is the pattern shown by a 992-person sample of crypto-experienced investors, not a census of all investors
Confidence: medium
Demand-side "side dish" behavior and supply-side institutionalization ran in parallel in the same week (July 1-2, 2026) — index infrastructure (NADA test calculation with ETF/fund creation in view), a major asset manager's education platform (Crypto Lab.), and a cross-border tax tool (Cryptact's Australia support against the CARF backdrop) — parallel signals of crypto moving from a speculative object toward the position of an institutionalized financial product; the sources do not assert causation between them, and neither does this card
Confidence: medium
Taiwan-Japan retail temperature gap, chapter two — Taiwan's retail heat appears as explosive active-ETF scale (NT$902.2 billion as of end-May 2026, Uni-President Assets at 59% share, per this site's published card), while Japanese crypto-experienced investors show restraint via "up to 30% side dish" allocations (38.8% of respondents, March 2026 survey); the gap is a difference of position and shape, not a ranking; a market-wide scale statistic and a sample's in-portfolio share differ in population and yardstick and cannot be divided into each other
Confidence: medium

🔮 待驗證假設（P-Units）

The NADA Crypto-Asset Index's data provision from August 2026 and progress toward formal indexation, ticker finalization, and whether crypto ETF/investment-trust creation referencing the index actually emerges in Japan — currently at the test-calculation and planning stage
Status: open
Durability of the "side dish" pattern — the Clabo survey is a single sample conducted on March 23, 2026; whether portfolio allocations shift with market conditions and institutions (new NISA, tax rules) requires follow-up surveys
Status: open
Implementation of Australia's CARF and domestic tax-reporting regime (formalization of the expected ATO reporting) and its impact on crypto investment behavior and demand for cross-border tax tools
Status: open

Verification Record

Editorial selection, human-supervised — Takenouchi Rin (Editor-in-Chief)

Cross-verified by multiple AI models.

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