Shopping Boulevard: Japan and Bank Remittances

shopping boulevard: In Tokyo's Ginza district, a mugger managed to take 40 million from a man walking along a popular shopping boulevard, according to The Japan Times. Both crimes happened in broad daylight. Thieves got away with 384 million after attacking a merchant in a Fukuoka parking lot. Some will say these two unrelated incidents prove that Japan isn't as safe as it's thought to be, but what they mainly show is how cavalier people in Japan can be with cash. Partly, this tendency has to do with a general mistrust of credit cards and debt, as well as with small businesses wishing to avoid the added cost and trouble of bank remittances and other forms of non-cash payment. In Japan, many monetary transactions, including ones involving huge sums of money, are done in cash. (news.financializer.com). As reported in the news.