Tuesday, 22 November 2016

Cash is still king in Japan, and that could be a problem for BOJ, Government & Economy - THE BUSINESS TIMES

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Even though many places now take credit cards, Apple Pay and other forms of cashless technology, the actual amount of notes and coins circulating in the country has doubled in 20 years. And that's while the economy and population has shrunk.

More than 101 trillion yen (S$1.35 trillion) of cash was circulating at the end of October. It was used for more than 80 per cent of transactions by value in 2014.

From Cash is still king in Japan, and that could be a problem for BOJ, Government & Economy - THE BUSINESS TIMES

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