Came across this on the freakonomics blog
Times article here Quote:
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With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all — the abolition of cash.
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Oyster card tastic by the sounds of it.
They are also considering taxing the use of physical money as a means of avoiding another economic downturn.
I wonder if Japanese folks tend to spend more money more frivolously using plastic rather then cash?
