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Economy

Japan to promote e-payment with subsidies and tax breaks

Merchants nudged to go cashless in time for 2020 Olympics

The government will encourage businesses to introduce QR payment systems by defraying part of their costs.

TOKYO -- The government will consider offering subsidies and tax breaks to encourage businesses to accept electronic payments and other cashless options.

Japan lags behind such countries as South Korea, China and the U.S. in embracing cashless payment, frustrating many visitors from abroad. It seeks to make cashless options widely available ahead of the 2020 Tokyo Olympics.

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