Japan’s bank notes circulation drops again


The drop resulted from people increasingly opting for cashless payments. — Bloomberg

Tokyo: The year-end balance of bank notes in circulation in Japan is estimated at 124,077.8bil yen in 2024, falling for the second straight year, according to Bank of Japan data.

A stack of 10,000-yen bills equivalent to the value would be 1,240km high, about 328 times higher than 3,776m Mount Fuji, the highest mountain in the country.

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