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The aging population in Japan predominantly uses cash, while cashless transactions accounted for 39.3% of spending in 2023, totaling 126.7 trillion yen.
MAIN POINTS
- Japan's aging population prefers cash for transactions.
- Cashless transactions in 2023 amounted to 126.7 trillion yen.
- These transactions represented 39.3% of Japan's total spending.
- The government aims to increase cashless transaction rates to 40%.
TAKEAWAYS
- Cash remains the dominant payment method among Japan's elderly.
- Cashless payment adoption is growing, nearing 40% of total spending.
- The government is actively promoting cashless transactions.
- The shift towards cashless payments reflects broader economic trends.