Japanese households hoard cash

08 April 2016

 

Paper money wears out quickly and new bank notes must be printed just to replace damaged ones. So it is with interest we note that Japan’s Ministry of Finance (MoF) plans to increase the number of ¥10,000 notes by 17% for the 2015/16 financial year. In contrast the number of ¥5,000 notes to be issued in the same period will fall by 28% while ¥1,000 notes newly issued will fall...

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