The number of coins circulating in Japan has fallen by an unprecedented amount, suggesting the nation’s households are coming to the end of their long love affair with the piggy bank.
The national stock of coins rose steadily since 1970, but has fallen sharply on a year-on-year basis for 18 straight months, according to Bank of Japan data.
The turnround has been sparked by a combination of the Covid pandemic, banking fees, inflation and the rise of cashless payment technology.
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