Why Japan Still Uses Cash
Despite being one of the most technologically advanced countries in the world, Japan still relies heavily on cash — but why? In this video, we explore the cultural, economic, and historical reasons behind Japan’s deep-rooted preference for paper money. From low crime rates and trust in physical currency to the challenges of adopting digital payments in a society that values privacy and tradition, discover the story behind Japan’s cash culture.
Video of my Japan trip (vlog channel): https://youtu.be/kVxi6H0IwJk?si=NpJeyBqOF0jX9k-W
3 Comments
This is how you get robbed. It's easy to rob them. Japanese may not rob each other, but foreigners living there who don't think like Japanese do, will and can rob them.
In fact, I live in Hawaii where Japanese frequently visit and are known to carry around with them huge amounts of cash. Criminals are aware of this and the fact that Japanese oftentimes never report having been victimized due to the hassle of having to return for a court date.
In my opinion, they are sitting ducks for anyone who wants to rob them.
Making matters worse, and as anyone knows, cash is untraceable. Once its gone, the person victimized has no recourse but to accept the fact that they are SOL.
It doesn't make sense to be that anyone would want to put themselves in such a position making them vulnerable to any "would be" criminal out there who is looking for an opportunity to take advantage of them.
This is mind boggling.
I, myself, would want to ensure that if I were a victim of theft that it could be traced back to the culprit and it's the reason I prevent it from happening in the first place by using mobile pay for all my transactions and making all my purchases online.
If it does happen, it's guaranteed my credit card company will investigate and reimburse me for my loss.
nice video Kenny
great content