Japan's year-end banknote balance decreases for second consecutive year.

Japan's banknotes in circulation are expected to reach ¥124.1 trillion in 2024, marking a second consecutive annual decline.

So, here’s the deal: Japan’s year-end balance of banknotes in circulation is dropping to around ¥124.1 trillion in 2024. That's two years in a row! To put it into perspective, if you stacked ¥10,000 bills, it would reach 1,240 kilometers high. That’s like 328 times taller than Mount Fuji!

This cash decline is mainly because folks are ditching cash for cashless payments. But don’t get it twisted; the new banknotes introduced in July are still getting some love. It's the first decline in 14 years, and it’s all due to people embracing the convenience of cashless options. Wild, right?

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