In addition to keys and eyeglasses and other commonly lost objects, millions of dollars worth of cash reaches the Tokyo police's lost and found department every year.
In fact, last year people handed over a record ¥3.67 billion ($32 million) in lost cash, and about three-quarters of that money ended up back with its rightful owners, according to the Metropolitan Police Department.
It’s a phenomenon that reflects the Japanese people’s devotion both to cash and to returning lost property.
There was about ¥103 trillion in cash circulating in 2015 - equivalent to about 19 percent of Japan’s annual output. That’s the highest level among 18 developed nations and regions studied in a Bank of Japan report released in February.
Holding cash presents relatively little risk in Japan. The country has battled deflation for more than a decade, making cash a profitable investment at times. Even now, after four years of extraordinary quantitative easing by the central bank, interest rates are at about zero.
There is also very little crime and virtually no fear of getting robbed. In Tokyo, one of the world’s most crowded cities, it is not uncommon for people to “reserve” seats in cafes by placing their new iPhone on the table while going to order at the counter.
STREET FOOD! We're back for more in one of Japan's most traditional cities, Nara.
What was once Japan's capitol is now a place loaded with delicious street food for humans and deer alike. So, what's Nara got to offer? I hope you're hungry! (ONLY in JAPAN )
The 1,000-year-old pilgrimage to the Kumano Sanzen - the three great Shinto shrines on Japan's Kii Peninsula south of Osaka - was once so popular that "like ants on the Kumano pilgrimage" became a popular description of crowds. (torontosun.com)
Railway operator Keikyu Corp., electronics maker Sharp Corp. and two other companies said Wednesday they will join hands in a rental service for a robot-shaped mobile phone, "RoBoHoN," mainly targeting visitors to Japan. (Jiji)
March 14 marked the second anniversary of the extension of the Hokuriku Shinkansen line through Kanazawa. The bullet train service has continued to generate positive economic effects in the regions along the route. (the-japan-news.com)