News list for "The Bank of Japan has stepped up its efforts"

Bank of Japan officials are stepping up calls for Japan to keep up with the rapid development of digital currencies, which could accelerate the shift to cashless payments in a country where "cash is king". The share of cashless payments in Japan rose to 42.8% in 2024 from 13.2% in 2010, a year ahead of the government's target of 40%, according to government data. Although Japan lags globally in payments technology, the rise in cashless transactions is forcing policymakers to ensure they are prep...

2025-06-11 06:19:58