Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike

Japan’s recent October sales tax increase took the rate from 8% to 10%, the previous such hike occurring in April of 2014, when the rate was raised from 5%. The increase is accompanied this time around by new government policy which rewards cashless payments by allowing merchants to provide effective “cash back” of up to … Read more

Germany Barely Avoids Recession, Economy Remains Stagnated

The German economy, the largest and most influential in Europe, narrowly missed falling into recession last quarter. But with quarterly GDP growth averaging a little over 0% since the third quarter of last year, the Old Continent’s economic powerhouse is facing stagnation. Also read: Germany’s Financial Crisis Invokes 5-Year Rent Freeze Dodging Recession by a … Read more

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