Gift Tax : sending money to my children (underage) + Investment options for children

I have a small child (below \~10 years old).

I wonder if:
1. I can open a bank account on my child name
2. can I fill the max amount of gift tax per year (1.1 M yen as far as I understand)?
3. Is there any investment vehicle available now that Junior Nisa is gone ?

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by Illustrious_Part8115

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