The number of one-yen coins in circulation has fallen sharply in Japan, as consumers increasingly choose cashless payments with electronic money or credit cards.
The number of one-yen coins in circulation has fallen sharply in Japan, as consumers increasingly choose cashless payments with electronic money or credit cards.
The government has stopped minting new coins for circulation, while deteriorating units are being withdrawn.
With the consumption tax rate slated to be raised from 8 pct to the round figure of 10 pct in October 2019, the one-yen coin is bound to lose more favor with consumers.
