An estimated 20 per cent of all transactions in Japan today are cashless - a figure the government said on Wednesday that it wants to raise to 40 per cent by 2025 and to 80 per cent in future.
However, a panel of experts told the annual New Economy Summit in Tokyo on the same day that Japan would need greater government intervention, like there had been in Singapore and India, to push a society so used to cash towards adopting cashless payments.
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