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Economy

Japan shoppers ditch cash and embrace e-money for tax breaks

Convenience stores see 50-60% surge in mobile transactions after Oct.1 hike

Perks offered by convenience chains gave a big boost to cashless payments in early October. (Photo by Maho Obata)

TOKYO -- Shoppers in Japan are quickly embracing mobile payments and electronic money after the sales tax hike this month, advancing the push to pay electronically in a country where cold hard cash remains king.

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