Thursday, February 10, 2022
Japan’s Paradox of Banknotes
While cash transactions in Japan have been declining for some time, albeit from a high base, the reduction in opportunities to pay in cash and the increased use of ‘stay at home consumption’ during the pandemic has accelerated this decline. At the same time the ratio of banknotes to GDP has risen very significantly.
Premium Subscription Required
This article is reserved for our Premium level or higher subscribers
A Premium or higher level subscription gives you access to all the articles on this website.