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Payments in Japan

bitsaboutmoney.com · 4,705 words · saved by 1 readers

One of the advantages of living (spiritually, if not physically) in two countries is you get to see the future arriving early, in both directions. In the almost twenty years I’ve lived in Japan, the linguistic and geographic barriers to understanding daily life here have lessened (a topic worth an essay in itself), but they are still formidable. This makes an international mindset a surprisingly durable source of alpha, even in professional fields, even ones which are intensely globalized. Take money, for example. I have a literal degree in East Asian Studies, and while money was implicated (economy, business, work culture, etc) and I was taught how to count it, the culture that is money came up precisely once: “Japan is a cash-based society.” If you read the same textbook, or if you’ve read no textbook at all, here are some updates to the state of the world: Payments in Japan have changed enormously in the last 20 years. The rate of change is accelerating. You will see some echoes of

Payments in Japan Patrick McKenzie (patio11) • Nov 19th, 2021 One of the advantages of living (spiritually, if not physically) in two countries is you get to see the future arriving early, in both directions. In the almost twenty years I’ve lived in Japan, the linguistic and geographic barriers to understanding daily life here have lessened (a topic worth an essay in itself), but they are still formidable. This makes an international mindset a surprisingly durable source of alpha, even in professional fields, even ones which are intensely globalized. Take money, for example. I have a lite

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