Japan's shift to cashless payments accelerates amid the development of digital currency

According to PANews, Japanese central bank officials are intensifying efforts to keep pace with the rapid development of digital currencies, which could drive Japan's transition from a cash-dependent society to cashless payments. Government data shows that the cashless payment rate in Japan has increased from 13.2% in 2010 to 42.8% in 2024, surpassing the government's target of 40% a year ahead of schedule.