The move is prompted by the rising appetite for international equities among Japanese retail investors.

Alpaca, an American self-clearing broker-dealer, has launched the US stock execution service for Japanese online brokerage firm SBI Securities Company Ltd (SBI Securities). The development comes as Japanese retail investors show a growing appetite for foreign equities  The development comes as Japanese retail investors show a growing appetite for foreign equities, with the US equities increasing from US$596 billion in 2019 to US$975 billion in 2024. The Bank of America noted in January