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 ...

Virus pandemic pushes Japan’s shoppers to finally buy online

Business Apr 10, 2020

Virus pandemic pushes Japan’s shoppers to finally buy online

by Lisa Du

Now that the government is urging consumers and businesses to step up efforts to contain the coronavirus outbreak, shoppers may finally have no excuse but to embrace e-commerce and wean themselves from brick-and-mortar stores. Prime Minister Shinzo Abe declared a state of emergency for Tokyo ...

Business Feb 20, 2020

23 cashless payment providers join Japan's My Number point program

Twenty-three providers of cashless payment services have registered to participate in a government-led reward-point program for holders of My Number social security and tax identification cards, the internal affairs ministry said Wednesday. Among the 23 firms and organizations are East Japan Railway Co., which manages ...

Lawson shows off experimental automated convenience store

Business / Tech Feb 18, 2020

Lawson shows off experimental automated convenience store

Lawson Inc. unveiled for the media Tuesday an experimental checkout-free convenience store that will allow customers to make purchases using a smartphone app. The "grab and go" shop is part of the major chain's attempts to address Japan's labor shortage. Advanced technology allows customers to ...