The Japanese stockmarket offers opportunities for investing in growth companies that are benefiting from structural changes in business or consumption patterns, or from demographic patterns such as the ageing, declining population.
Once such area is in the use of cashless payments for purchases, an area in which, despite its high-tech reputation, lags substantially behind the rest of the developed and developing world. According to Japan's Ministry of Economy, Trade and Industry, compared with non-cash payment rates of 89% in Korea and 55% in the UK, Japan's stands at just 18.4%. It is difficult to account for the historic cultural preference for paying in cash. Japan: global growth & record profits But it seems safe to assume the rate of cashless payments in Japan will rise over the coming years, with the ...
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