Japan points program to mitigate consumption fall ends Tuesday

Business Jun 30, 2020

Japan points program to mitigate consumption fall ends Tuesday

The government's shopping point reward program for promoting cashless payments, which appears to have had only a limited impact on consumption, is ending Tuesday. The program was introduced last year to mitigate the impact on spending of the October consumption tax hike from 8 percent ...

Business Jun 16, 2020

Abe eyes cutting interbank fees to promote cashless payments

Prime Minister Shinzo Abe said Tuesday that the government will aim to cut interbank money transfer fees in a bid to promote cashless payment in the country. The interbank fees, currently decided through negotiations between banks, have not fallen for over 40 years, becoming a ...