As so many have said for so long: Japan floating introduction of cashless currency system

To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’? 6.19.09 / Leo Lewis / UK Sunday Times Online With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all — the abolition of cash. Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”, the recommendation has nevertheless begun floating ar