Pasmo & Suica & money talk

I was so surprised to know that only 3 percent of all transactions in Sweden are made by cash.  It is almost a cashless economy.

But Japan is moving to the cashless society, too.  In fact, the number of 1 yen coins, 5 yen coins and 50 yen coins that were minted for circulation in 2011 was ‘zero’.  The biggest reason is the spread of prepaid cards such as Pasmo and Suica.  These are issued by private railway companies and JR respectively.  Both of those were originally only for train fares.  But now these can be also used for shopping in many bending machines and stores both inside and outside railway stations.  Definitely, Pasmo and Suica are very convenient for foreign tourists traveling in and around Tokyo.  Because isn’t it a hassle to find appropriate coins at the register counter?  If you have one, you just put it on registers or the ticket gates.

Pasmo

Anyway, it is said that it costs three yen to mint a one yen coin.  So making 1 yen coins causes deficits for the government.  The cashless economy could help to reduce the huge debts of the Japanese government.  But you want to say ‘it’s too small’?  In Japan there is a famous expression; one who laughs at one yen will cry for one yen:)

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About Yuki

I am a new face of the professional tour guide
This entry was posted in Japanese life, money, shopping, train, traveling tips and tagged , . Bookmark the permalink.

4 Responses to Pasmo & Suica & money talk

  1. tokyo5 says:

    Do you use the Pasmo? I commute by the JR train line so I use Suica…with a 定期券

    Very convenient!

    The JR card is called “Suica” in the 関東地方 (Kanto region)…but did you know it has different names in other areas?

  2. Yuki says:

    Thank you for a comment! Yes, I am a Pasmo user. I was amazed to see Pasmo and Suica with the function of 定期券 for the first time.
    My hometown Osaka has ‘Icoca’ instead of Suica. The name is a kind of word play. Icoca has the same pronunciation as ’行こか’’Shall we go?’. I thought it is really like Osaka.

    • tokyo5 says:

      Oh, that’s right…the Osaka area’s card is called “Icoca”. Besides the meaning 「行こか?」…it also means “IC Operations CArd”.

      I think Hokkaido’s card is called “Kitaca”. Which, I suppose, is for 「来たか?」 and “North card”.

  3. Yuki says:

    I didn’t know that Icoca also means it.
    IC (I see)!
    Excuse my Japanese ダジャレ(silly pun).

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