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December 31, 2024
 

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CASHLESS

The fall of financial assets held by households in Japan reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.
BUSINESS / Economy
Dec 18, 2024
Japan household financial assets post first fall in eight quarters
The fall reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.
The East Japan Railway Shinjuku Station in Tokyo. Within the next 10 years, JR East will develop automated walk-through gate technology so that passengers can enter the train platform without having to tap their Suica card or phone on the ticket gates.
BUSINESS / Companies
Dec 11, 2024
JR East announces 10-year plan to drastically overhaul Suica
Dubbed the "Suica Renaissance," the plan involves redesigned ticket gates, new payment features and a subscription service.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
A user receives ¥50,000 of their salary through the PayPay app.
JAPAN
Sep 25, 2024
SoftBank makes first salary payments via its digital platform PayPay
Employees asking to receive part of their salaries via cashless payment services received the money through the PayPay platform, operated by a SoftBank Group affiliate.
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024
SoftBank group firm PayPay Securities aims to double accounts
The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
BUSINESS / Tech
Jun 22, 2024
Ditching paper money makes Sweden a haven for digital criminals
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
A poster for digital coupons at a store in the city of Fukushima
JAPAN / Society / Regional Voices: Fukushima
Mar 11, 2024
Fukushima’s welfare coupon campaign highlights digital divide
A call center dedicated to the initiative received so many calls that telephone lines were overloaded.
The PayPay app now seeks to keep its pace of double-digit growth with help from other SoftBank portfolio companies.
BUSINESS / Tech
Oct 5, 2023
SoftBank’s PayPay app showcases Masayoshi Son’s clout in Japan
Seen to be next in SoftBank’s initial public offering pipeline, the startup now holds two-thirds’ share in QR-code payments in Japan.
Japan Times
BUSINESS
Feb 18, 2023
Bank of Japan to start new test of digital currency in April
In the experiment, which will involve payment service providers and financial institutions, technical challenges will be examined in the event a digital yen is issued.
JAPAN
Jan 3, 2023
Cashless 'saisen' religious offerings spread amid COVID pandemic
Many believe that cashless saisen offerings could help reduce the spread of COVID-19 as people can avoid crowds forming around offering boxes at temples and shrines.
Japan Times
JAPAN / FOCUS
Oct 8, 2022
More robots, less cash and new Shibuya await tourists back to Japan
Japan is opening up again after closing its borders due to the COVID-19 pandemic for almost three years — and boy have things changed. Here's a quick rundown of what to expect.
BUSINESS
Sep 14, 2022
Japan to allow businesses to pay salaries into app accounts
Designated service providers would be required to allow digital salary recipients to withdraw cash for free at least once a month using automated teller machines or through other means.
Japan Times
LIFE / Lifestyle
Jun 18, 2022
Travelers ask, 'Cash, what’s that?'
On a recent trip to England, Andrew Dodson, 35, and his wife, Erin, 32, who live in Traverse City, Michigan, had an unexpected problem: No matter how hard they tried, they couldn’t spend the 700 British pounds they’d brought along.
Japan Times
BUSINESS / Companies
May 31, 2022
Smart ring that acts as wallet and key gets backing from big Japanese firms
Made out of zirconia, the finger-worn gadget lets people do things such as lock and unlock doors, as well as pay for drinks in stores.
BUSINESS / FOCUS
Jan 25, 2022
Amid the 'buy now, pay later' boom, Japan takes a different path
The country's unique approach to credit card payments undercuts the appeal of BNPL seen elsewhere, with the service finding a different niche as a result.
Japan Times
BUSINESS / Tech
Jan 4, 2022
Shopping through social-media platforms expected to hit $1.2 trillion by 2025: study
More than half of so-called social buyers surveyed said they are likely to support small businesses over larger retailers.
Japan Times
BUSINESS / Companies
Sep 8, 2021
PayPal to acquire Japanese unicorn Paidy in ¥300 billion deal
PayPal is looking to deepen its push into buy-now-pay-later products, with Paidy a standout provider in a country where nearly three-quarters of purchases are paid for with cash.
Japan Times
BUSINESS / Companies
Jun 11, 2021
SoftBank's PayPay surges ahead in Japan's digital payments race
PayPay has deployed a shoe-leather sales force of thousands to target restaurants, drugstores and supermarkets, attracting more than 3 million merchants.
Ukraine risks losing all Russian land it seized within months, U.S. says
Ukrainian soldiers carry the coffins of three comrades killed in recent fighting in eastern Ukraine during their funeral in the western city of Lviv on Dec. 20.
Japanese Princess Kako turns 30
As an adult member of the Imperial Family, Princess Kako has performed various official duties at home and abroad this year.
South Korea's worst plane crash in decades leaves 179 dead
Rescue personnel are seen near the tail section of a Jeju Air Boeing 737-800 series aircraft after the plane crashed and burst into flames at Muan International Airport in Muan, South Korea, on Sunday.
U.S. military coordination unit eyed in central Tokyo
A Self-Defense Forces soldier from a Patriot Advanced Capability-3 missile unit takes part in a drill at Yokota Air Base in Fussa, western Tokyo, in August 2017.
South Korea orders air safety probe after worst-ever crash kills 179
Firefighters on Monday inspect the wreckage of a Jeju Air plane that crashed at Muan International Airport in Muan, South Korea, a day earlier.
Japan’s weather in 2024: Record temperatures hurt people’s health and wallets
People cover themselves with umbrellas during a hot summer day in Tokyo's Ginza district in August. Temperatures shot up in early July, even before the official end of the rainy season, and the high temperatures persisted well into the fall.
How Hokkaido quietly became a culinary treasure trove in 2024
The central Hokkaido city of Asahikawa made headlines this year when one of its suburbs was named as the best place to live in Japan — a ranking earned in part due to the community's many outstanding restaurants and cafes.
Bling-Bang, baby: The J-pop soundtrack of 2024
Hip-hop duo Creepy Nuts' uptempo “Bling-Bang-Bang-Born” quickly became a TikTok favorite after its release days into 2024, which helped turn the song into a Billboard Japan Hot 100 topper for 19 weeks before rising up viral streaming charts around the world.
Shohei Ohtani ends blockbuster year with baby announcement
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, attend a Lakers game in Los Angeles on Dec. 8.
Flu cases surge above ‘warning’ levels in much of Japan
Authorities are calling for utmost vigilance as Japan heads into the New Year holiday season, when many people plan getaways.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Members of the Wajima City Morning Market Association pose for a group photograph on the site where the market once stood.
In the wake of disaster, the revival of Wajima's market brings hope
By Alex K.T. Martin

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