<ul><li>Japan is focusing on developing innovative payment systems as its economy moves towards being cashless.</li><li>Bank of Japan's Executive Director mentioned the need for convenient and efficient payment options with the increasing trend of digital payments.</li><li>Japan has not finalized its stance on Central Bank Digital Currencies (CBDCs) but has conducted experiments with a Digital Yen.</li><li>Asian countries like India and South Korea are at the forefront of the CBDC trend, while Asia as a whole is rapidly transitioning into a cashless payment society.</li></ul>

Japan Pushes for Cashless Payment as it Tries to Catch up with the Rest of Asia

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