- ARAB NEWS
- 08 May 2024
Since 1975
TOKYO: The year-end balance of banknotes in circulation in Japan is forecast to hit a record high for the 10th straight year in 2019, informed sources told Jiji Press.
The balance is estimated to reach around 112,800 billion yen, eclipsing the current year-end record of 110,362.5 billion yen set in 2018, the sources said.
The estimated balance represents an increase of about 40 percent from 80,954.2 billion yen a decade before.
While cashless payments are becoming popular, people appear to still prefer cash. In addition, demand for yen is apparently growing amid an increasing number of visitors to Japan.
JIJI Press
