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Opinion

Japan sees sales tax increase as chance to boost cashless society

Rakuten and Line already big e-money players, but Tokyo wants broader adoption

| Japan
A consumer scans QR code to pay at a octopus dumpling shop in Tokyo: it is too early to say whether the Japanese public will switch to e-money. (Photo by Arisa Moriyama)

When the Japanese government increases the sales tax from 8% to 10% on October 1, it will not just be an attempt to raise revenue and cut the country's deficit. It is also, the government thinks, a perfect opportunity to drive Japan toward becoming a cashless society.

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